Weak Job Growth and Business Outlook Raise Odds of Larger BoC Rate Cut

Market Picture The cryptocurrency market paused growth early in the day on Monday after last week’s resounding close, stabilising at $2.23 trillion (+8.8% in 7 days), which is near the previous peak. This means that further gains will be an important second signal for breaking the multi-month trend of lower local highs. Prior to this, […]

Short Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave 2 pullback subdivided into a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 16448.71 and wave ((x)) rally ended at […]

Markets This week was amassed with high profile political and monetary event risk potentially providing one (or more) gamechangers for global trading. A congestion of central bank decisions including the Fed, the Bank of England and a long list of smaller central banks, were supposed to give some guidance on where they position themselves on […]