Tag: CURRENCIES

USDJPY plunged sharply last week following a CPI report that showed US inflation slowed down again in last month of 2022. How low can...

EURUSD exceeded 1.0760 earlier this week, up almost 13% from the two-decade low at 0.9536 the pair reached in late-September, 2022. Can the rally...

USDJPY is trying to build on last week's recovery and is slightly up this week, as well, ahead of tomorrow's important CPI for December....

USDCAD barely held above 1.3350 earlier this week, but is back above 1.3430 now ahead of tomorrow's CPI report for December. Where's the pair...

Most currencies didn’t do well against the US dollar last year, but few did worse that the British pound. At the start of 2022,...

Despite the well-known inverse correlation between USDCAD and crude oil prices, both the pair and the commodity plunged last week. Here's how this drop...

EURUSD started 2023 with a sharp plunge below 1.0500, but managed to recoup most of its losses by the end of the first trading...

USDJPY found support at 129.50 and closed above 132.00 last week despite expectations for a less aggressive Fed going forward. Can the bulls build...

In today's Elliott Wave update we identify the two most likely paths USDJPY can take, as well as the key price level that separates...

USDCAD is starting the year on a positive note after it gained 140 pips in just the first two trading days of 2023. How...

EURUSD is dropping in the first days of 2023 after inflation data from Spain and Germany decreased the pressure on the ECB to raise...

USDCAD fell during the last week of 2022, but still closed the year significantly higher than where it had started it. Can the rally...

EURUSD finished 2022 on a positive note with a Santa rally of almost 100 pips and a close above the 1.0700 mark on Friday,...

The fourth quarter saw USDJPY cutting its 2022 gains in more than half. Is the crash poised to continue into 2023 and how low...

Despite the well-documented inverse correlation between crude oil prices and USDCAD, both are down for the week so far.

Elliott Wave Update of USDCAD – December 28, 2022

EW Pro Forex 28 Dec 22

Despite the well-documented inverse correlation between crude oil prices and USDCAD, both are down for the week so far....

One area where a Santa rally is actually materializing seems to be USDJPY, which climbed 1.2% to 134.40 earlier this week. Can the rally...

EURUSD is up slightly for the week so far, but remains in a tight trading range between 1.0580 and 1.0670. Can the pair leave...

USDCAD took its inverse correlation with crude oil into account and fell last week as WTI prices rose by nearly $5 a barrel. Can...

EURUSD didn't change much in the week leading up to Christmas, still on schedule to close the second part of 2022 in positive territory....

USDJPY plunged sharply last week after the Bank of Japan surprised markets with a small but significant policy tweak on Monday. How does this...

EURUSD is up slightly so far this week while our primary Elliott Wave count remains intact. Take a look at it in our latest...

In today's USDCAD Elliott Wave update we highlight an important support/resistance line and identify a stop-loss level.

The Bank of Japan's surprising tweak in its bond yield controls caught the market off guard on Monday and dragged USDJPY to a new...

EURUSD came close to 1.0740 last week, but the bulls' enthusiasm was quickly cooled by the Federal Reserve's renewed hawkish stance. Can the pair's...

USDJPY recouped all its initial losses last week after the Fed stated there are more interest rate hikes on the way. How high can...

USDCAD surged last week, helped by the Fed's renewed hawkish tone and expectations for more interest rate hikes going forward. Where are the bulls...

In today's Elliott Wave update of EURUSD we identify the key price level to keep an eye on for trading purposes ahead of the...

November's CPI report caused a sharp selloff in USDJPY yesterday as traders expect a less hawkish Federal Reserve going forward. Where is the pair...

Yesterday's November CPI report resurrected hopes for a less hawkish Fed and dragged the dollar down as a result. USDCAD is also down for...

USDCAD surged sharply last week as forex traders prepare for another Fed rate hike to strengthen the greenback. Is there a resistance in sight?...