Australian Dollar extended the decline to its lowest in a decade last week. The slump came after RBNZ (Reserve Bank of New Zealand) delivered a bigger than expected interest rate cut. RBNZ governor even went so far and promised to do whatever it takes, including more rate cut, negative rate, QE.  This prompts the speculation […]

Oil shows a bearish sequence from April 23, 2019 high favoring further downside. This article and video talks about the short term Elliott Wave path.

Nikkei is correcting the cycle from July 25 high as a zigzag and can see sellers for more downside while rally fails in 3, 7, or 11 swing.

Last week’s tweet by president Trump to slap a new round of tariffs to Chinese goods has sparked risk aversion in the market.  Trump announced that he is imposing an additional 10% tariff on $300 billion of Chinese imports beginning on September 1. Trump said the additional tariff is due to China being slow to […]

NZDJPY extends lower after the 50 bp rate cut by RBNZ. Elliott wave view suggests the pair shows incomplete bearish sequence favoring more downside.

Decline in DAX from July 4 high (12660.5) is impulsive. Index should see further downside in the near term. This article talks about Elliott Wave path.