One minute, strong UK economic data “causes” the British pound to surge against the euro. And then the next, that same data… is futile against a pound selloff. Any questions? The real story behind the EURGBP leaves no room for doubt!
In early April, all fundamental signs pointed DOWN for the euro/yen currency exchange rate. But instead of falling, the euro went against the bearish current and soared against the Japanese yen. It’s time you knew the reason why.
According to the mainstream experts, Emmanuel Macron's victory in May 7's French Presidential Election was also a victory for the euro. And yet, the euro turned down against the U.S. dollar following his win. No surprise here!
Michael Madden explains the outlook for the British pound and currency markets in general and whether they have been affected by the UK's call for a snap election.
Jim Martens talks about a pattern in EURUSD that's been years in the making and what it implies for future price action.
2016 was the year of political surprises. First was the shocking Brexit vote in June. Then, the surprise Donald Trump victory in November. Both moments saw a lot of volatility in the financial markets. Yet, while it’s tempting to say “of course” and blame volatility on the news, the reality is not so black-and-white. Case in point: the British pound.
Elliott wave analysis has only three rules. Beyond those, there are many guidelines for wave formation. But a guideline is just that -- a guideline, while a rule is... well, something you cannot violate. Or can you?