USDCAD Looks Bullish Long-Term! – Elliott wave (video)

USDCAD fully unfolded wave IV as part of a bigger, bullish cycle up from 2011 lows, and proceeded to trade into a wave V.

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USD may stay soft in near term

Although the Fed is in the rate hike cycle, USD rally started to lose momentum early this year when market started to realize that monetary policy divergence started

EUR/USD: Expected Rise in Industrial Output to Lift the Euro

European Central Bank President Mario Draghi’s remarks in the Spanish parliament yesterday are believed to lift the Euro opposite the US dollar today. Draghi expressed confidence that Spain

EUR/USD: Euro Remains Higher on Easing Concerns Over the Euro Zone Economy

An improving outlook for the Euro Zone and expectations that the Federal Reserve will reaffirm its ultra-easy monetary policy for the foreseeable future are deemed to support the

EUR/USD: Euro Seen to Gain as Draghi Expresses Optimism

The Euro is believed to resume its gains alongside the US dollar today as European Central Bank President Mario Draghi suggested that the worst of the Euro Zone

USD/JPY: Yen Vulnerable as Bank of Japan in Focus

Despite holding its ground yesterday, the Japanese yen is foreseen to resume its decline in the coming hours as the Bank of Japan is expected to unveil its

EUR/USD: Euro Loses Steam as the German Economy Hits the Brakes

The Euro is deemed to weaken alongside the US dollar today after figures revealed that the German economy shrank sharply in the last quarter of 2012, suggesting that

EUR/GBP: Dampened Talks of Further Stimulus Boosts the Euro

The Euro is likely to maintain its gains opposite the British pound today after European Central Bank President Mario Draghi delivered an optimistic outlook for the Euro Zone

EUR/USD: German Data, ECB Outlook Set to Support the Euro

The Euro is deemed to resume its advance opposite the US dollar today as analysts predict that the European Central Bank will keep interest rates unchanged tomorrow in

EUR/USD: Euro Advances as US Finally Avoids Falling Off Cliff

The Euro is believed to strengthen alongside the US dollar to begin the year on enhanced appetites for risk after the United States finally averted the fiscal cliff