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Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of NIFTY Index published in members area of the website. As our members know , the Index shows incomplete sequences in the cycle from the 26281.55 peak. The price structure calls for fu

Brent decline stalled near $74 last week and it has staged an initial bounce after this test, Société Générale's FX analysts note. Price of Brent oil can reach even the $82.60 level "It has crossed above a steep descending channel. First layer of resistance is located at 200-DMA near $77.80/78.35. I

In an interview with France Culture radio on Wednesdaty, European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said that US President Donald Trump’s trade policies will most likely have a negative impact on the economy. Key quotes "There will very likely be a ne

The Australian Dollar could face challenges due to rising trade tensions following President Trump’s tariff hike. The AUD could further decline amid rising geopolitical risks as Israeli PM Netanyahu warned to end the ceasefire in Gaza. The US Dollar may strengthen as Fed’s Powell signaled there is n

Risk aversion continues to fuel gold demand, with the yellow metal crossing the $2,900 threshold on Monday. The rally was driven by US President Donald Trump’s announcement of new tariffs on steel and aluminum imports. Trump confirmed a 25% tariff on these commodities and hinted at reciprocal tariff

Partner Center The U.S. ISM services PMI fell from 54.1 to 52.8 in January instead of rising to the projected 54.2 figure, reflecting a slower pace of growth for the month. Components of the report revealed that the employment index remained in expansion for the fourth consecutive month, as it rose

USD/CNH is heavy near 7.2700. China’s private sector services growth traction unexpectedly slowed in January, Société Générale's FX analysts note. Growth to remain well below expectations"The Caixin services PMI fell to a four-month low at 51.0 (consensus: 52.4) vs. 52.2 in December. Earlier this we

Following the first policy meeting of the year, the Federal Reserve (Fed) announced that it left the policy rate unchanged at 4.25%-4.5% in a widely anticipated decision. In its policy statement, the Fed acknowledged that inflation data has been stagnant in recent months. Additionally, the central b

Markets are readjusting after Trump’s last-minute deals with Mexico and Canada which delayed tariffs by a month. From now on, markets may well handle tariff threats even more cautiously, but a new layer of unpredictability argues against big dollar depreciation for now. Meanwhile, sterling is enjoyi