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Forex Archives | Page 14 of 17 | Elliott Wave Analytics

  • The USD-Yen Race To The Bottom!
    By on April 10, 2012 | 425 Comments425 Comments  Comments
    On Monday and Tuesday the market’s attention will be on the USA and the negative economic implications of the Nonfarm payroll (NFP) miss. Market eyes will also be focused on the bond markets in Italy and Spain. As of last Thursday, Europe seemed to be on the verge of another “accident.” The EU...
  • Forex Market Insight: EUR/USD Rallies…Why?
    By on February 24, 2012 | No Comments  Comments
    On February 16, EUR/USD, the euro-dollar exchange rate and the most actively traded forex pair, surged over 170 pips, from below $1.30 to above $1.3150. The explanations for the strong rally boiled down to “hopes” that the Greek bond-swap deal would be reached. As we’ve pointed out...
  • EWI Forex Free Week: Get charts, analysis and forecas...
    By on February 23, 2012 | 38 Comments38 Comments  Comments
    Our friends at Elliott Wave International have just announced the beginning of their popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services — at ZERO cost to you. You can access all the charts, analysis, videos and forecasts f...
  • What Happens When Phantom Profits Vanish?
    By on February 22, 2012 | 313 Comments313 Comments  Comments
    As the U.S. dollar strengthens against other currencies, the phantom corporate profits generated by a devaluing dollar will vanish. One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. Why are they phantom? Becau...
  • The Euro’s SPX Influence.
    By on February 21, 2012 | No Comments  Comments
    Over the past few years, the fortunes of Europe’s euro currency have appeared to significantly influence the US stock markets.  This rather-curious relationship has proved vexing at times to American traders, as it doesn’t seem logical on the surface.  But given the high correlation between th...
  • Dollar To Launch Gold
    By on January 17, 2012 | No Comments  Comments
    Since rocketing to new all-time highs last summer, gold has weathered a major correction.  While that selloff was healthy and necessary given the excessive optimism that catapulted gold to very-overbought levels, a strong US dollar accelerated gold’s swoon.  But with the dollar now as overbought...
  • Thursday Market Review: Currencies Remain Troubling
    By on January 6, 2012 | 444 Comments444 Comments  Comments
    A very odd day indeed. BAC up 8% on no apparent news was the biggest sign today was more a short squeeze or yield chase than anything else. To be fair the small and mid caps did put in quite a bullish reversal off the session lows but that too would point towards a short squeeze and or chase for yie...
  • Technical Update: Currencies and Commodities Splinter
    By on December 29, 2011 | 248 Comments248 Comments  Comments
    One of the most important elements of entering a longer term trade is understanding why you are doing such. Price will go higher or lower alone is not sufficient. You need to understand the basis for such movement in price. That way as the trade evolves you can begin to understand if your thesis is ...
  • 3 Charts That ‘Blow Doors Off’ 2012 Rally
    By on December 20, 2011 | 42 Comments42 Comments  Comments
    The centrally-managed rally of March 2009 is over; reality is finally intruding on the manipulation and propaganda. A good way to generate hate mail is to question 1) Santa’s “guaranteed year-end rally” and 2) the notion that market rallies always resume soon enough because of the ...
  • Dollar Crushes Commodities.
    By on December 19, 2011 | No Comments  Comments
    The long-in-the-tooth commodities correction plunged to new lows this week.  Traders were disappointed the Fed didn’t announce a new quantitative-easing campaign, so they dumped the popular commodities with a vengeance.  But realize the primary driver of the recent commodities weakness is not th...
  • The Dollar, Gold and the Stock Market.
    By on December 14, 2011 | 300 Comments300 Comments  Comments
    Commodity expert Dennis Gartman certainly struck a nerve in the financial community as word hit the street of his call on gold in the latest Gartman Letter(subscription required). Here is the gist, as reported by Bloomberg: “Since the early autumn here in the Northern Hemisphere gold has...
  • Dollar Starting Double Top?.
    By on December 5, 2011 | 43 Comments43 Comments  Comments
    The US Dollar Index appears to be setting up for a medium-term double top. This week it broke down through a short-term rising trend line drawn from the October low after reaching a level equal to the October top. The PMO made a lower top, creating a negative divergence. The 20-EMA crossed up thro...
  • Tuesday Technical Review: Credit Markets Diverge.
    By on November 30, 2011 | 317 Comments317 Comments  Comments
    Another day where equity and credit continue to diverge from one another. From treasury yields falling to sovereign debt yields rising to multi year records in EUR basis swaps, sovereign CDS, etc credit is pricing in continued risk to the global economy while equity goes the other direction. At the ...
  • Eurozone Changing Rules Mid-Game.
    By on November 29, 2011 | 387 Comments387 Comments  Comments
    Angela Merkel is leading the call for a rule change, a rewiring of the basic treaty that binds the EU. But is it both too much and too late? The market action suggests that time is indeed running out, and so we’ll look at the likely consequences. Then I glance over the other way and take notice of...
  • Glimpse Into The Future: Stock Market and Dollar
    By on November 27, 2011 | No Comments  Comments
    The ‘accident’ many have been waiting for has finally happened, and it’s called Europe. That doesn’t bode well for the U.S. stock market. A lot of technical analysts and financial pundits are expecting a standard-issue Santa Claus Rally once a “solution” to Europe...
  • Gold and the Swissie.
    By on November 8, 2011 | 36 Comments36 Comments  Comments
    Lots of things tugging on the price of gold today. For me, the most important factor was the threat of another devaluation of the Swiss Franc. The headlines from the Swiss papers: . . The last time we had headlines like this the EURCHF was 1.05. Not long after it was 1.21. So it’s not surprisin...

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