USDCAD continues to develop a double three, or double zigzag, corrective Elliott Wave rally from the January 30, 2026 low. The initial advance in wave (W) completed at 1.42482 before the pair entered a corrective decline in wave (X), which ended at 1.3732. From that low, the market resumed its advance in wave (Y). The […]
The post Elliott Wave View: USDCAD Favors Further Weakness in a 3-Wave Zigzag Pattern appeared first on ActionForex.
New Zealand’s ANZ Business Confidence Index edged up from 51.9 to 52.5 in October, showing continued resilience despite the renewed oil-price shock. Reported past activity improved from 10.8 to 15.0, indicating that more businesses experienced Read more…
The Fed left policy rates unchanged at 3.75-4.00% at its October meeting, in line with consensus and our expectations. Two members dissented, voting in favour of a rate hike. Even though the market reaction was Read more…
No change in October, though confidence in the economy’s strength and two dissents point to a hike in December. The FOMC held at their October meeting, albeit with two dissents, Governor Cook and Cleveland Fed Read more…