On Friday, amid a broader retreat in the US dollar index (DXY), gold (XAU/USD) tried to extend its recovery and drew investor attention. Nevertheless, the metal’s price action remains contained within the sideways trend that has formed during October. The US dollar index (DXY), a barometer of the greenback’s strength versus a basket of major […]

Seeing as to how the bond market is faring to end the week, you probably wouldn’t have guessed that we actually got hotter-than-expected inflation data from both the US CPI and PPI reports in the past few days. In fact, you might even think it was the opposite. Yet, here we are. 10-year Treasury yields

The Elliott wave count on the 4-hour EUR/USD chart has become more complex. On the higher timeframe (lower chart), the downward trend segment has taken the form of a five-wave structure, A-B-C-D-E, which could be completed at any time, as it appears structurally complete. All the waves in this segment are approximately the same size,

The USDCHF has been trading in a range of only about 50 pips since midday Monday. What does that tell me? The market is non-trending. Buyers and sellers are battling, but neither side is taking control. Moves higher find sellers. Moves lower find buyers. The price goes back and forth. The 100- and 200-hour moving