U.S. Government Shutdown – What it Means and how it may Effect Markets

On Monday congress finally found common ground and signed in a funding bill – at least short term, this postpones the government shut-down for approximately 20 more days. This in fact the 4th short-term funding pushed through –…

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Elliott waves for Forex correlation analysis – Wait for correction to rebuy

GBPUSD – Flat Wave Analysis: During the previous trading day, we saw a possible extension of both the impulsive waves (5) and (c) to the upper side but is still below our target set at 1.45. During this intraday, we expect a possible correction to the …

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Technical Analysis Based on Breakout – Short USD within (111.53-111.29)

USDJPY – Down Technical observation Around 8th of January this year USD dropped massively and broke below a key support zone (111.53-111.29),since then, price has remained below this zone and is showing signs of continuing even lower. On the daily ch…

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