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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
5/12/2008 5:30:00 PM
The newswires trumpeted the dollar's slight gain in the post-weekend trading as a sign that the greenback's decline is over, citing numerous "speculations" and "rumors." Too bad the dollar reversed on Monday morning and slid significantly against major currencies, losing almost 200 pips to the euro. EWI's Currency Specialty Service, however, has held a bearish view on the USD since Friday. Why? In short, because there is speculation – and then there are facts...
Filed Under:
forex, Federal Reserve, interest rates, dollar futures, eur/usd, forex news
Category:
Currencies
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by
Vadim Pokhlebkin
4/22/2008 5:00:00 PM
Tuesday brought another piece of bad news for the U.S. dollar: For the first time in history, the exchange rate between it and the euro went above one dollar and sixty cents. That, from a standpoint of technical analysis methods (one of which is Elliott wave) is a very interesting moment for the euro-dollar – for two reasons...
Filed Under:
euro-dollar exchange rate, round numbers, european central bank, interest rates differentials, eur/usd, forex trading, cable
Category:
Currencies
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by
Vadim Pokhlebkin
4/14/2008 6:45:00 PM
If you're a currency trader, you know exactly what the word "intervention" means. When a central bank decides to step in and buy or sell a currency to fulfill whatever plan it may be pursuing, it may wreak havoc on the forex markets. What happened in the forex markets this past weekend was not an intervention – just a strong allusion to one. Still...
Filed Under:
u.s. dollar, euro, intervention, plaza accord, g-7 meeting, Currencies, eur/usd
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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