Tag: CURRENCIES

The Bank of Japan finally showed determination about stopping USDJPY from climbing further by intervening twice in the forex market last week. Can the...

USDCAD traded in a wide range of 175 pips last week, but neither the bulls nor the bears achieved much in the end as...

EURUSD rose last week after Fed rate cut expectations were pulled forward again following a dovish Jay Powell and a soft jobs report. In...

EURUSD has now erased almost all of last week's gains as traders brace for the FOMC decision on interest rates later today. In today's...

USDCAD is up sharply this week as traders brace for a hawkish Fed later today amid sluggish GDP growth in Canada. In today's Elliott...

The suspected intervention by the BOJ hasn't achieved much so far as USDJPY is almost back at the level it was trading prior to...

The BOJ's indecisiveness pushed USDJPY to a new 34-year high last week as the bulls no longer seem to fear the central bank. In...

EURUSD closed higher for the second week in a row ahead of FOMC's May 1st interest decision. In today's Elliott Wave analysis we identify...

USDCAD dipped last week even as stubbornly high inflation is expected to delay any rate cuts by the Fed at least to September. How...

EURUSD is up for the second straight week, but Friday's PCE index could easily throw it into chaos once again. Not to mention the...

USDJPY is on the verge of reaching another major milestone in the face of the 155.00 mark, as the bulls dare the BOJ to...

The 1.3850 resistance proved to be too strong for USDCAD bulls to breach again as the pair is down for the second week in...

EURUSD is about to get volatile again as traders brace for US GDP data on Thursday and the all-important core PCE index on Friday....

USDJPY came close to the 155.00 mark last week as the Fed's long-awaited rate cuts have been pushed further into the future once again....

Despite postponed Fed rate cuts, USDCAD closed in negative territory last week after the pair bumped into the mighty resistance level near 1.3850. Should...

EURUSD remains under pressure as the ECB is expected to cut rates in June, while the Fed might not even begin to ease this...

USDCAD is up for the third straight week and is already trading within the strong resistance area between 1.3800 and 1.3900. Can the bulls...

The BOJ might have ended its ultra-loose policy, but stubborn US inflation and reduced Fed rate cut hopes are not helping USDJPY bears. Can...

EURUSD plunged last week as the ECB is almost certain to cut rates in June, while high US inflation is likely to prevent the...

USDJPY surged to a new multi-decade high above 153.00 last week on the back of higher-than-expected US inflation in March. Is it time for...

USDCAD soared last week after higher-than-expected March inflation crushed traders' hopes for three rate cuts by the Fed this year. Is it too late...

EURUSD is crashing after March inflation came in hotter than expected, raising the odds of higher-for-longer rates and strengthening the US dollar.

USDCAD is down this week as traders await today's CPI hoping that it will give a hint of when is the Fed going to...

USDJPY is calmly hovering below 152.00 ahead of today's US inflation report. Can the pair finally breach this mighty resistance level? Read in our...

EURUSD surged sharply last week even as the ECB might start lowering interest rates before the Fed does. Elliott Wave analysis helps us to...

USDJPY again failed to exceed 152.00 last week, but the bulls believe that a breakout is only a matter of time. Is it, though?...

In today's Elliott Wave analysis of USDCAD we examine if the pair's timid recovery can gather more pace and identify the key level to...

EURUSD is down for the fourth straight week and the bulls are probably wondering if the support near 1.0700 is going to hold. Elliott...

The Bank of Japan may have scrapped its ultra-loose monetary policy, but that didn't discourage USDJPY bulls from pushing higher. Can we expect a...

USDCAD bulls are trying to recoup last week's losses. In today's Elliott Wave update we examine their chances of success.

Elliott Wave Update of USDCAD – April 3rd, 2024

EW Pro Forex 03 Apr 24

USDCAD bulls are trying to recoup last week's losses. In today's Elliott Wave update we examine their chances of...