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Forex Trading Vs. Stock Trading: What Are The Advantages? Part I
24-hour trading, liquidity and limited number of markets is what draws Elliott Wave International's Jim Martens to currencies.

by Vadim Pokhlebkin
2/25/2010 4:00:00 PM
Elliott Wave International presents Part I of the interview with its Senior Currency Strategist, Jim Martens. Vadim Pokhlebkin: Jim, readers often tell us that they want to make money trading the markets. There are lots of options out there. Can you tell me why I'd want to look at forex and not, say, the more "traditional" stock trading? -- Jim Martens: First, currency markets are much larger than equity markets...
Filed Under: forex, Currencies, euro-dollar exchange rate, eur/usd, Usd/chf, u.s. dollar, euro, volatility, selling short
Category: Currencies


Trade Forex Using Elliott Waves

by Jeff Reckseit
2/19/2010 12:45:00 PM

Currency traders: How often have you woken up, read the news, put on a trade -- only to see it go the “other way”? A recent example was the debt problem in Greece. Trading off of that was like trying to catch a greased pig.

Filed Under: Currencies, euro, greece
Category: Currencies


EUR/USD Falls Hard: What's Next? Find Out FREE
You can forecast currencies without relying on the news and economic reports.

by Editorial Staff
2/4/2010 1:15:00 PM
On February 4, the EUR/USD fell hard. The mainstream forex analysts blamed it on Mr. Trichet's statement, but Elliott wave patterns in the EUR/USD foretold the euro weakness way in advance. Here's your FREE chance to read latest Elliott wave forex analysis now. 
Filed Under: forex, Currencies, Trichet, Greek sovereign debt, euro, u.s. dollar
Category: Currencies


Latest Forex Forecasts, Yours FREE Now: Here's How
You get 7 days of free currency market forecasts with Feb. 3-10 FreeWeek!

by Editorial Staff
2/3/2010 12:00:00 PM
Free Forex Forecasts from Bob Prechter's Elliott Wave International! Now through 12 noon on February 10. You know how confusing it can be to gauge forex market trends by watching news reports. Tired of the guesswork? Then try something different right now, free, with EWI's most popular Specialty Service, Currencies. Get instant FREE access now.
Filed Under: forex, Currencies, u.s. dollar, euro, forex news, forex forecasts, msci
Category: Currencies


EUR/USD Breaks Below Major Price Point
Just when everyone thought the U.S. dollar was a goner, it rebounds!

by Vadim Pokhlebkin
1/28/2010 1:00:00 PM

On January 27, the EUR/USD (exchange rate between the euro and U.S. dollar and the most widely trade forex pair) slipped below $1.40 for the first time in six months. In other words, the dollar, considered by most analysts all but doomed a short while ago, now stands at a 6-month high against its main competitor. Ironic? Paradoxical? You bet. Here's more on that from Robert Prechter.

Filed Under: eur/usd, euro, u.s. dollar, Currencies, forex, Robert Prechter, t-bills, Treasury bonds, Fed, greece, portugal
Category: Currencies


EUR/USD: Look at Wave Structure to Know Trend
You don't need to over-complicate Elliott wave analysis to make use of it.

by Vadim Pokhlebkin
12/29/2009 2:30:00 PM

Wave structure is the very basis of Elliott wave analysis. To an Elliottician, every seemingly "random" wiggle on a market chart fits into an Elliott wave pattern. The 13 known patterns are divided into two broad groups: impulsive and corrective. Simple enough, right? Now let's look at the recent action in the EUR/USD, the most widely-traded forex pair, as an example of how you can put this information to practical use in currencies.

Filed Under: dollar, euro, forex, eur/usd, Currencies
Category: Currencies


U.S. Dollar: From Panic to Embrace
How the love/hate sentiment toward the dollar can help you pinpoint major turns.

by Vadim Pokhlebkin
12/16/2009 2:45:00 PM
My mother lives in Moscow. I call her often, and every once in a while the conversation turns to the economy -- specifically, the strength of the U.S. dollar. Usually this happens when the dollar gets weaker. Then our conversation goes something like this...
Filed Under: u.s. dollar, ruble, Currencies, forex, eur/usd, euro, yen, Swiss franc, Crude oil, reserve currency
Category: Currencies


U.S. Dollar "Flies": A Blip or Start of Something Big?
Bernanke wants to ensure strong dollar; Trichet concurs. What do Elliott wave patterns say?

by Vadim Pokhlebkin
11/17/2009 2:30:00 PM

The Fed's chairman Bernanke said on Monday they were watching currencies markets to "help ensure that the dollar is strong"; the ECB's Trichet said that Bernanke's statement was "very important." Apparently, forex traders interpreted both comments as bullish for the dollar... but if you've been watching the EUR/USD's Elliott wave patterns, you didn't have to wait for the morning news to tell you that. See this chart...

Filed Under: Bernanke, Trichet, u.s. dollar, euro, forex, foreign exchange, Currencies
Category: Currencies


EUR/USD (Forex): Big Moves, But What's the Reason?
Despite all odds, the U.S. dollar is showing serious strength.

by Vadim Pokhlebkin
10/27/2009 3:00:00 PM

Early on October 26, the exchange rate between the U.S. dollar and the euro (and the most widely-traded forex pair) began an out-of-the-blue slide from near $1.50. If the dollar's dramatic show of strength in the midst of all the doomsday scenarios surprised you, you're not alone. Anyone looking at the Monday morning forex headlines was likely caught off guard. What's behind the dollar rally?

Filed Under: u.s. dollar, Currencies, forex, eur/usd, euro, china, foreign exchange reserves
Category: Currencies


The New Carry Trade
How long the new "carry trade" funded by low U.S. interest rates may last?

by Jason Farkas
10/12/2009 4:45:00 PM

As the recession has taken hold, short-term U.S. interest rates have been pushed down to .25% or lower. This encourages those who want to borrow to do so in U.S. dollars, which is exactly how the low Japanese interest rates of the past boom cycle encouraged borrowing in yen. But markets can move fast when they head down, and when a carry trade unwinds, few things move faster.

Filed Under: us dollar, australian dollar, euro, yen, Federal Reserve, Bernanke helicopter, EUR/JPY, eur/usd, AUD/USD, AUD/JPY, interest rates
Category: Currencies


EUR/USD (Forex): And So, We Wait
Do you have the discipline to stand aside for days between forex trades?

by Vadim Pokhlebkin
9/18/2009 4:30:00 PM
Trading the EUR/USD has not been easy lately. The exchange rate between the euro and the U.S. dollar (the most widely-traded currency pair) hasn't made much net progress, but it's made up for that in spades by choppy, volatile, sideways-moving market action. When the going gets tough, the tough get going, right? Before you say yes, read these thoughts...
Filed Under: dollar, euro, forex, Euro dollar exchange rate, Currencies, trading
Category: Currencies


U.S. Dollar: Another Piece of the Puzzle?
Individual investors can be wrong about a market trend. But countries?

by Vadim Pokhlebkin
9/15/2009 10:30:00 AM
Unless you're a financial professional with a keen interest in international bond markets, you probably didn't even notice an obscure news item from Germany last week. Yet it may speak volumes about the coming trend change in the U.S. dollar.
Filed Under: Currencies, forex, u.s. dollar, dollar Index, euro, eur/usd, foreign exchange
Category: Currencies


Death of the U.S. Dollar?
Not so fast: We've been here before.

by Vadim Pokhlebkin
9/9/2009 12:15:00 PM
One look at the latest U.S. dollar news headlines, and it seems like the buck has nowhere to hide. The buck is toast. Stick a fork in it. It's done. But wait -- we've been here before.
Filed Under: u.s. dollar, euro-dollar exchange rate, forex, currencies, euro, eur/usd, usd, eur, jpy
Category: Currencies


Forex: Don't Trust Your Trading to Headlines
A reliable currency market indicator doesn't change with the wind.

by Vadim Pokhlebkin
8/25/2009 4:30:00 PM
"Fundamental" indicators change with the wind because they apply only to what has already happened. It's easy to "explain" past market action -- try predicting it instead. With Elliott wave analysis, you can. As this chart shows, there is a potentially major opportunity developing in the U.S. dollar right now...
Filed Under: Currencies, forex, u.s. dollar, euro, usd, Bernanke
Category: Currencies


Forex (Video): Fear in the Markets? Expect a Trend Change
Sentiment extremes can give you important clues about market direction.

by Vadim Pokhlebkin
8/6/2009 2:30:00 PM

Last fall, stocks around the world were falling like a rock, but the U.S. dollar, to most people's surprise, was rallying against the euro -- on fear, said market commentators. Do you remember what happened next? That's right -- the dollar fell hard: Ironically, a sentiment extreme in favor of the dollar marked a huge top. This free classic video explains why...

Filed Under: u.s. dollar, euro, forex, currency
Category: Currencies


EUR/USD (Forex): A New High For 2009
Elliott wave patterns reveal who the dominant trend favors

by Nico Isaac
8/3/2009 4:00:00 PM
On Monday, August 3, the U.S. dollar packed about as much heat as the Abominable Snowman. Ipso facto: the greenback plunged to a new low for 2009 against its European counterpart, the euro. As for what caused the sharp and sudden drop in the dollar's value -- the mainstream experts pointed their collective finger at one piece of data...
Filed Under: Currencies, us dollar, greenback, euro
Category: Currencies


EUR/USD (Forex): A Choppy Mess... How Much Longer?
Elliott wave patterns suggest a coming resolution to the EUR/USD's limbo.

by Vadim Pokhlebkin
7/28/2009 2:15:00 PM

If you've been frustrated lately by the lack of action in the euro-dollar exchange rate (EUR/USD) you're not alone. Since early June the pair has gone nowhere, but that's only the half of it: It has also swung wildly in the 500-pip range between $1.43 and 1.37, as this chart shows...

Filed Under: forex, Currencies, u.s. dollar, euro, eur/usd, dx
Category: Currencies


Forex: Look for Chart Patterns, Not the News
Currency trading does not have to revolve around watching the headlines.

by Vadim Pokhlebkin
7/21/2009 2:30:00 PM

Financial markets develop as a series of patterns. If you're like most investors and believe that markets are random -- or, at best, moved by "good" or "bad" news -- you will often find Elliott-based forecasts in conflict with your "macro" views. 

Filed Under: forex, currency trading, u.s. dollar, euro, eur/usd
Category: Currencies


U.S. Dollar: How to Predict Trends, Not React to Them
There IS a way to predict the trends in forex markets.

by Vadim Pokhlebkin
6/22/2009 11:00:00 PM
What creates trends in all liquid, freely-traded markets? That depends on whom you ask. To a conventional market analyst, the answer is news stories and events -- political, economic, you name it. The Elliott Wave Principle, on the other hand, teaches that trends are shaped by the collective mood of the market participants. This quick example may help you decide who's right.
Filed Under: u.s. dollar, euro, social mood, risk-averse, forex, currency trading
Category: Currencies


U.S. Dollar Recovers: What's Behind the Rally?
If you think it's "fundamentals," keep reading.

by Vadim Pokhlebkin
6/5/2009 5:00:00 PM
The U.S. dollar, beaten badly since late April, took the upper hand on June 5 and broke below a psychologically important price point of $1.40 against its main competitor, the euro. But whatever you read in the financial press regarding the "reasons" for the dollar strength, they all pale in comparison with this one: market sentiment. take a look at this chart to understand why.
Filed Under: u.s. dollar, euro, dollar strength, sentiment, daily sentiment index, 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.