Jignesh Davda

Jignesh is an analyst and trader, specializing in currencies and commodities. He utilizes a macro view as well as a proprietary method of pattern recognition that is based on the principles of Elliott wave. His focus is to assess strength in trends, and perceiving high potential turning points in the markets. He brings over 4 years of experience in his current role.
oil rig

Crude Oil Prices Weekly Forecast June 26-30

Crude oil prices (USOIL) declined for a fifth consecutive week and trade lower by nearly 20% since the May OPEC meeting. A likely...

AUD/USD Pushes Sharply Higher To End A Four-Day Losing Streak

After declining for four straight sessions, AUD/USD reversed higher on Friday in a recovery to erase about half of the week's losses. The...

USD/CAD Boosted By Weaker Than Expected Canadian CPI Data

USD/CAD rallied sharply today as inflation data out of Canada was broadly weaker than expected. The boost in the exchange rate offset some...
new zealand auckland skyline

NZD/USD Set To Close A Fifth Consecutive Week Of Gains

The RBNZ meeting on Wednesday's triggered a turn in NZD/USD and a weaker dollar today has boosted the pair towards a prior weekly high....
australia USA Flags

AUD/USD Decline Runs Out Of Momentum As Volatility Slows

Volatility slowed significantly in AUD/USD on Thursday the pair edging slightly lower on a light economic calendar. The pair is on track to...
canada flag

USD/CAD Falls On Stronger Than Expected Canadian Retail Sales

USD/CAD dropped sharply in the North American session today following better than expected retail sales figures out of Canada. A bounce higher in...
New Zealand

RBNZ Inspired Reversal Takes NZD/USD Back Into Positive Territory For The Week

The Kiwi dollar posted a strong gain against most of its counterparts as of the European close as traders bought up the currency following...
New Zealand

NZD/USD Confined To A Range Ahead Of RBNZ Meeting

NZD/USD dropped lower following yesterday's North American close but support was found in around the 0.7215 area and a range has been playing out...
Australian Dollar AUD

AUD/USD Declines For A Third Consecutive Session To Hit A One-Week Low

The major commodity currencies were under pressure on Wednesday, all showing declines versus the greenback despite the trade-weighted dollar index (DXY) retreating from a...

USD/CAD Slices Through Resistance As Oil Prices Fall Sharply

USD/CAD has made an upside break of resistance which had held it lower in the second half of last week. The pair cleared...

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oil rig

Crude Oil Prices Weekly Forecast June 26-30

Crude oil prices (USOIL) declined for a fifth consecutive week and trade lower by nearly 20% since the May OPEC meeting. A likely...
Greek parliament in Athens Greece

Despite Averting Recession, Greek Economy Remains on the Rocks

Greece's economy surprised to the upside in the first quarter, but tumultuous debt talks threaten to stoke fresh bouts of volatility for a country...
bitcoin BTC/USD

Bitcoin Price Forecast: Sharp Correction Gives Way to Consolidation, but Long-Term Outlook Bullish

Bitcoin continued its broad consolidation Saturday, as prices stabilized after a period of higher than normal volatility even by cryptocurrency standards.Bitcoin prices (BTC/USD) clocked...

Gold Prices Weekly Forecast: Narrow Ranges Likely, Selling Interest On Rallies

There is no room for complacency, especially given lofty equity valuations, although the most likely outcome is that there will be consolidation with a...

Top 5 Economic Calendar Events Jun 25 – Jul 2

The US economic data will be a significant focus during the week, although there will probably not be a decisive impact on expectations surrounding...