Commodity currencies have been in the decline this year against US Dollar as a result of market’s expectation of the Fed’s rate hiking cycle. A falling Australian Dollar will make imported products more expensive, resulting in price increase and adding to existing inflationary pressure. The higher the inflation rate, the faster the Reserve Bank of […]

$MICEX Russian Index Longer Term Cycles and Bullish Trend The Russian index has trended higher with other world indices since inception. The index remained in a long term bullish trend cycle into the December 2007 highs. It made a sharp correction lower in 2008 that lasted until October 2008 similar to other world indices. That is […]

DAX is correcting cycle from March 2020 low and should see further downside. This article and video look at the Elliott Wave path.

The last time I looked at this name was in June 2021.  You can view this article here.  At the time, I was expecting another swing down to take place in a larger wave II correction.  Lets take a look at the chart from June. Zoom Elliottwave June 2021 View: At the time, the structure was […]