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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
6/11/2008 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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by
Vadim Pokhlebkin
6/4/2008 5:00:00 PM
If you trade forex, you've probably been watching the current action – or, rather, lack of it – in the euro-dollar exchange rate and wondering what's going on. The action has been pitiful: After falling almost 200 pips in a matter of hours on Tuesday (June 3), the EURUSD entered a sideways trading range that has continued for… well, almost 30 hours, as of this writing. How will it end?
Filed Under:
eurusd, forex, trading range, Initial Jobless Claims, Nonfarm Payrolls
Category:
Currencies
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by
Vadim Pokhlebkin
5/27/2008 5:30:00 PM
Watch this free video clip EWI's own Jim Martens recorded for his Currency Specialty Service subscribers on May 9. If you remember, at that time, the USD had gained strongly, and rumors were flying that it would gain even more. But watch this video and see how simple Elliott wave techniques can help you bet against the crowd's opinion…
Filed Under:
u.s. dollar, oil, Federal Reserve, european central bank, eurusd, euro-dollar, forex
Category:
Currencies
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by
Vadim Pokhlebkin
4/30/2008 3:45:00 PM
On Wednesday morning, forex analysts speculated that the U.S. dollar was "headed for its first monthly advance against the euro." But after the Federal Reserve anounced its rate cut at 2:15 PM, the dollar lost instead. What happened?
Filed Under:
currency traders, Federal Reserve, interest rate cut, u.s. dollar, euro-dollar, eurusd, forex
Category:
Currencies
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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