Apr 112018
 
US stocks open with strong gains on lower trade war fears

The US stocks are opening with strong gains on the back of lower China/US trade wars fears. China's PM Xi opened the door for lower tariffs (on cars) and that give the negotiators some leverage. It certainly is better than the initial responses from last week where a US tariff would be met with a new …
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EURUSD Attracted to 1.2350 while USDJPY Maintains Bullish Posture

The Elliott Wave analysis for EURUSD and USDJPY shows a higher probability move towards USD strength. The video above is a recording of a US Opening Bell webinar from April 9, 2018. Elliott Wave Analysis for EURUSD. Since January 2018 we have been anticipating that a three year expanded …
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UK data: BRC Like-for-like sales for March: +1.4% y/y (vs. expected at -0.1%)

“Seemingly endless cold weather dissuaded would-be shoppers from the high street and a number of retailers delivered bad news,” said Paul Martin, head of retail at KPMG, which also sponsors the BRC report. “Great hopes were placed on Easter trading, but whilst the latest figures point to overall …
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GBP/USD: Is the Bullish Trend Ready to Push Up to Fresh Highs?

We came into last April trading at 1.2500, and even that was a sight better than where we were a couple of weeks prior, when GBP/USD was making a fast approach down to 1.2100. But, over the past year we've seen considerable US Dollar weakness and more recently, strength in the British Pound.
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