The wave count on the four-hour chart for EUR/USD is becoming more complex. There is still no question of canceling the bullish phase of the trend (bottom chart), which began in January of last year. On the contrary, we have seen a complete A-B-C corrective structure, which may have been completed. However, recent events related […]

The AUDUSD has fallen sharply this week as buying of the US dollar took center stage. Fed officials struck a tougher tone on policy, Treasury yields moved higher, and the market-implied probability of an October rate hike rose to around 66% at the time of this update. Higher US yields can make the dollar more

EUR/USD has continued to decline for ten consecutive days. During this period, the European currency has lost 230 points. The decline in the European currency began the week before last as the market prepared for an FOMC rate hike. Since then, the market has continued to buy the dollar based on the Fed’s hawkish stance

The US dollar is moving higher against the major currencies as Treasury yields rise. The fundamental story starts with the Fed: traders are increasingly considering the possibility that last week’s rate hike will not be the last. Today’s flash S&P Global US composite PMI jumped to 58.4 from 56.0 in August, its highest reading since