Forex

MARUTI SUZUKI INDIA – MARUTI (1D Chart) Elliott Wave / Technical Analysis:  Function: Counter Trend Lower (Intermediate degree, orange) Mode: Corrective …

3M Company with ticker MMM was trading in a larger A-B-C correction within a higher degree wave IV for the last 5 years, but we have been warning about strong…

Large-scale CTA buying activity may have supported Platinum markets last session, but signs of buying exhaustion could now morph into selling activity, TDS…

USD/CAD drops as the US Dollar slumps on firm Fed rate-cut prospects. Fears of the US entering a recession ebb due to upbeat US Retail Sales data for July.…

The Pound Sterling exhibits sheer strength against the US Dollar on multiple tailwinds. Healthy growth in UK Retail Sales could diminish bets of a second…

The Pound Sterling (GBP) is a relatively better performer on the session, posting a 0.4% gain on the USD so far which has lifted Cable back above 1.29,…

Commerzbank’s economists have revised their Fed forecast downwards very significantly – by more than they are lowering their US inflation forecast. Also,…

AUD/USD grips gains near 0.6640 amid sluggish US Dollar. The Fed seems prepared to begin reducing interest rates from September. Upbeat Aussie Employment…

The US Dollar (USD) received a lift from the better-than-expected retail sales data yesterday, ING’s FX strategist Chris Turner notes. DXY set to drop to…

Gold has corrected back from chart resistance in the $2,470s after the release of strong US retail sales data.  Lower US initial jobless claims brought more…