Australian Forecast: Australian Dollar Could Face First RBA Rate Cut Since August 2016 The Australian Dollar heads into a new week battered by more feeble data and with more to play for at an RBA meeting than usual. GBP Forecast: Sterling (GBP) Price Outlook: Brexit Anger May Dampen Sterling Strength UK politics look set to re-assert themselves and Sterling is very likely to suffer. ...
Dow Jones Industrial Average closed up over 200 points on Tuesday. The move higher pressed into a zone of resistance near 17,928. Though we think prices will eventually dip into support zone 2 identified in last week’s report, the wave structure allows for price to bump up to 18,340 and still be considered corrective. In essence, we are looking for a downward corrective structure that eats up more time than price. In the meantime, ...
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