by
Jim Martens - Senior Currency Strategist
8/25/2008 7:30:00 PM
Whenever I talk about how to use the Elliott Wave Principle in forex trading, I always spend the majority of the time talking about the price patterns R.N. Elliott provided us with over seventy years ago. Those patterns are the heart and soul of the Wave Principle. But more and more I'm asked prematurely about Fibonacci relationships. Here are some thoughts on that... (EWI's Currency Specialty Service FreeWeek continues through noon on August 27. Keep reading for details.)
Filed Under:
USDCHF, cable, dollar index, double zigzag, flat correction, fibonacci, forex trading, forex forecasts
Category:
Currencies
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by
Jim Martens - Senior Currency Strategist
8/25/2008 7:00:00 PM
Whenever I talk about how to use the Elliott Wave Principle in forex trading, I always spend the majority of the time talking about the price patterns R.N. Elliott provided us with over seventy years ago. Those patterns are the heart and soul of the Wave Principle. But more and more I'm asked prematurely about Fibonacci relationships. Here are some thoughts on that... (EWI's Currency Specialty Service FreeWeek continues through noon on August 27. Keep reading for details.)
Filed Under:
USDCHF, cable, dollar index, double zigzag, flat correction, zigzag correction, forex trading, forex forecasts
Category:
Currencies
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by
Editorial Staff
8/18/2008 9:45:00 PM
At Elliott Wave International, we have been forecasting the markets for 30 years. We can help you understand how the markets work and teach you a popular forecasting method that may help you formulate a trading strategy: Elliott wave analysis. It's a method many traders use, because it helps you to accomplish three crucial goals: Identify the trend, stay with it, and know when the trend is likely over. And you're in luck! Because from noon to noon on August 20 through August 27, you can have full, free access to Elliott Wave International's forex forecasts. Click for details.
Filed Under:
forex, forex trading, online currency speculation, forex brokerage firms, currency trading, how the markets work
Category:
Currencies
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by
Vadim Pokhlebkin
8/14/2008 6:00:00 PM
The U.S. dollar rallied strongly against the euro in intraday trading on August 14, pushing the exchange rate down to $1.4780 – the level the rate hasn't seen since February. What's behind such a persistent show of strength on the dollar's part? As usual, it depends on whom you ask. Here is an elliott wave perspective...
Filed Under:
dollar, euro, exchange rate, Europe economy contraction, elliott wave triangle
Category:
Currencies
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by
Nico Isaac
8/11/2008 4:45:00 PM
From August 4 to August 8, the U.S. Dollar wiped the floor with its currency counterparts in a head-spinning performance it's being called the “watershed week” for the long-suffering buck.Yet in all the hullabaloo, the mainstream media failed to notice one major detail: namely, there was absolutely no “fundamental” reason for the dollar’s climb.
Filed Under:
u.s. dollar, greenback, dollar, currency
Category:
Currencies
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by
Vadim Pokhlebkin
7/31/2008 5:45:00 PM
On July 29, the U.S. dollar gained strongly against the euro, sending the EURUSD exchange rate down some 200 pips, or two full cents. But if you looked at the day's news for explanations, it probably left you scratching your head...
Filed Under:
eurusd exchange rate, consumer confidence, U.S. Initial Jobless Claims
Category:
Currencies
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by
Vadim Pokhlebkin
7/29/2008 11:30:00 AM
Currency trading around the time of a major economic news release can be treacherous. Watch Jim Martens, Elliott Wave International’s Senior Currency Strategist, explain in this free 8-minute video how he used Elliott wave analysis to forecast the market action on June 25 – the day of the latest Federal Reserve interest rate announcement, a major economic news event.
Filed Under:
currency trading, trading forex, Federal Reserve interest rate, forex forecasts, eurusd
Category:
Currencies
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by
Vadim Pokhlebkin
7/24/2008 5:15:00 PM
Next time you see a headline like this one from July 24, "Euro Falls Against Dollar as German Business Confidence Slumps," think twice about whether the EURUSD moved because of a news report, or because it was going there anyway.
Filed Under:
Jean-Philippe Bouchaud, Why economic theory is out of whack, forex trading, eurusd, market wizards
Category:
Currencies
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by
Vadim Pokhlebkin
7/16/2008 9:15:00 PM
A little after 5 AM Eastern (New York) time on Tuesday, July 15, the euro hit a new all-time high against the U.S. dollar: just under $1.6040. Markets move for a reason, goes the conventional wisdom, and it's doubly true when it comes to major moves like that. Interestingly, though, the EURUSD rallied to the new high after an economic report showed that "investor sentiment in Europe's largest economy, Germany, is at a record low." How come? Here's an Elliott wave take on it.
Filed Under:
eurusd, forex, Germany, investor sentiment, Bernanke, tichet, forex trading
Category:
Currencies
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by
Vadim Pokhlebkin
7/10/2008 7:45:00 PM
Few things seemed to spell trouble for the U.S. dollar early this week. But then on Wednesday, the dollar gave back all of Tuesday's gains. And on the morning of Thursday, July 10, the REAL turnaround came: The EURUSD, the exchange rate between the euro and the U.S. dollar, shot straight up, giving the euro the lead. What happened, you ask? Here's a Elliott wave explanation.
Filed Under:
Fannie Mae, Freddie Mac, exchange rate euro U.S. dollar, forex charts, eurusd, fibonacci numbers
Category:
Currencies
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by
Vadim Pokhlebkin
7/1/2008 6:30:00 PM
On Thursday, July 3, the European Central Bank is expected to raise interest rates by 0.25%. That same day, economists expect the U.S. jobs number to show a 60,000 reduction. Question: How would the two events affect the U.S. dollar's standing against other currencies?
Filed Under:
european central bank, interest rates, u.s. jobs report, euro vs. dollar, eurusd, forex, currency traders, Nonfarm Payrolls
Category:
Currencies
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by
Vadim Pokhlebkin
6/25/2008 6:15:00 PM
Now that the Federal Reserve left U.S. interest rates unchanged and the U.S. dollar lost on the news, the question is: Was that all of the "pressure" the USD would see, or is there more to come? Here's a chart Elliott Wave International's Currency Specialty Service showed right before the Fed's announcement on June 25...
Filed Under:
european central bank, inflation, eurozone, U.S. Dollar Index, interest rates unchanged at 2%, forex, eurusd exchange rate
Category:
Currencies
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by
Vadim Pokhlebkin
6/24/2008 8:00:00 PM
Going into the June 25 interest rate decision by the Federal Reserve, forex analysts unanimously say they expect the Fed to keep interest rates steady. I guess we'll just have to listen to what Ben Bernanke says in his announcement and try to read between the lines. Unless, of course, instead of listening to Bernanke, you try and listen to the market itself...
Filed Under:
dollar, euro, eur/usd, ben bernanke, interest rate announcement
Category:
Currencies
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by
Vadim Pokhlebkin
6/18/2008 5:30:00 PM
There is a persistent belief among many forex traders that trends in various global markets have a profound influence on the trends in currencies. But can you really forecast the trend in one market based on another with consistent results?
Filed Under:
usd, forex, us dollar index, DJIA
Category:
Currencies
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by
Vadim Pokhlebkin
6/11/2008 3:15:00 PM
Forex markets have been volatile lately, and you've probably heard mainstream forex analysts citing various economic and news reports, trying to explaining why. There is one major problem with the premise that markets are moved by the news, though. If you continue this logic, on days when there are no major economic reports, you would expect markets to go sideways. And yet even on those days, the market moves, too. How come?
Filed Under:
forex trading, volatility, currency exchange rates, U.S. economic calendar, euro-dollar, eurusd
Category:
Currencies
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by
Vadim Pokhlebkin
6/6/2008 8:45:00 PM
What an incredible rally in the EURUSD we've seen on June 5 and 6. On Tuesday, June 4, after Ben Bernanke said the Fed "is watching the dollar," the buck gained close to 200 pips against the euro. Wednesday's trading was very quiet, and it did seem like tables were indeed turning for the dollar. But then on Thursday…
Filed Under:
ben bernanke, Fed, us dollar, eurusd, forex, currency trading
Category:
Currencies
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