Elliott Wave View: USDJPY Rallying in Double Zigzag

US 30 index extends upside move above SMAs Stochastics and RSI turn up The US 30 cash index is rallying more than 2% today during Trump’s victory in the US elections, sending the market towards the previous all-time high of 43,575. The technical oscillators are mirroring the latest strong bullish momentum, with the stochastic posting a positive crossover within […]

The euro is showing limited movement on Thursday. In the European session, EUR/USD is trading at 1.0895, up 0.10%. Eurozone PMIs, released on Wednesday, pointed to trouble in the manufacturing and services sectors. Manufacturing has been in deep-freeze, although the January manufacturing PMI improved to 46.6, up from 44.4 and above the consensus estimate of […]

Big Tech investors weren’t disappointed on Tuesday, as Alphabet announced better than expected results after the bell. The Google’s parent Alphabet saw its revenue rise 15% from the same time last year, ad revenue grew more than anticipated and more importantly, Google Cloud printed a solid 35% growth compared to the same time last year. […]