EURUSD Drops Below 1.30... Why, Again?
Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

By Vadim Pokhlebkin
5/16/2013 4:30:00 PM

It's official: The euro zone economy has now been in the longest recession since the EUR was introduced in 1999. That news hit the wires on May 15. No wonder EURUSD, the euro-dollar exchange rate, fell that day as the U.S. dollar took the upper hand. But let's take a look at what happened from an Elliott wave perspective...

Filed Under: currency, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, eurozone, forex, forex trading, U.S. dollar

Category: Currencies

As with "Madame Deficit," Heads May Roll During the Next Economic Crisis
The blame game will get serious.

By Bob Stokes
5/6/2013 5:15:00 PM

Marie Antoinette had been a spendthrift early in her reign, but curtailed that habit when she learned what the public thought. Even so, the young French queen had already been nicknamed "Madame Deficit." French debt had ballooned before she and King Louis XVI took the throne. But they received the blame for France's financial straits. Now fast forward to the U.S. economy today. Get ready for the blame game to turn serious.

Filed Under: deficit, economic indicators, Elliott wave, europe, history, Robert Prechter, sentiment, social mood, Sovereign Debt

Category: U.S. Economy

The UK Avoids Recession. Proof Positive of Recovery?
And why taking the experts at their word may not be the safest decision.

By Nico Isaac
4/25/2013 5:00:00 PM

In the morning hours of April 25, the UK financial community was a picture of Hunger Games-like angst. Huddled masses stood around the Office for National Statistics, waiting nervously to hear whether the name -- Britain -- would be drawn to participate in a highly dreaded recession.

Filed Under: credit crisis, europe, european markets, financial forecast, FTSE, great depression, recession, U.S. STOCK MARKET

Category: European Markets

Cyprus Banking Bailout: Costs Rise, Heads Roll
The officials and experts who didn't see the crisis coming were supposed to prevent it in the first place.

By Nico Isaac
4/16/2013 5:00:00 PM

The cost of the Cyprus bailout seems to get bigger every week. It has gone from 10€ to 17€ and now to 23€ billion euros. What's more, recent reports say the island nation will need a bigger bake sale to raise the necessary funds to foot the growing bill. On April 12, rumors swirled that the European Central Bank will force Cyprus to liquidate half-a-billion dollars of its gold reserves.

Filed Under: bailouts, banks, central banks, europe, european central bank, European debt crisis, eurozone, financial forecast

Category: European Markets

Short-Term Euro Memory Loss
.. And long-term euro calls from EWI's European Financial Forecast

By Nico Isaac
4/1/2013 5:15:00 PM

Recently I watched "Memento," the excellent movie about a man with retrograde amnesia who tries to solve his wife's murder. The protagonist has about 30 seconds to write down new clues on scraps of paper -- or in some cases tattoo those clues onto his body -- before his short-term memory completely fails.

Filed Under: central banks, currency, Elliott wave, euro, europe, european central bank, european markets, eurozone, U.S. dollar

Category: European Markets

Forex: Don't Write Off The Euro Just Yet
"We all know the euro is going lower," is today's popular sentiment. Yet Elliott waves suggest there is hope for the euro yet.

By Vadim Pokhlebkin
3/28/2013 4:00:00 PM

Despite the "success" of the Cyprus bailout, the sentiment towards the euro zone currency, the euro, has been negative. EURUSD, the euro-dollar exchange rate, fell to a new low for 2013. But while "everyone knows the euro is going lower," read this recent tweet by EWI's senior currency strategist...

Filed Under: bailouts, Elliott Wave trading, euro, euro/USD exchange rate, europe, European debt crisis, eurozone, forex, forex trading, technical analysis, U.S. dollar

Category: Currencies

Crude Oil Analysis Without the 800-pound Swinging Cyprus Gorilla on its Back
On March 1, Energy Specialty Service outlined a near-term bullish scenario in crude oil

By Nico Isaac
3/26/2013 5:45:00 PM

According to the mainstream experts, crude oil prices are "struggling to find direction due to the confusing position taken by authorities in reaction to Cyprus." Yet if you look elsewhere regarding crude's price trend -- like a basic chart of crude like the one below -- you can easily see that the market has had no problem finding a direction...

Filed Under: crude oil, Elliott wave, Elliott Wave trading, europe, eurozone, Traders

Category: Energy

Cyprus, the Euro – and Elliott Waves
How will the forex market react to the details of the Cyprus bailout plan when the agreement is finally reached?

By Vadim Pokhlebkin
3/22/2013 4:45:00 PM

Right now, the number one forex story is the banking crisis in Cyprus. Cyprus is part of the European Union, so it shares the euro with the rest of the EU. We could speculate on how the outcome of the bailout deal might affect the euro, but our forte is wave analysis and other supporting technical indicators. So let's take a look.

Filed Under: bailouts, Elliott wave, Elliott Wave trading, eu, euro, europe, european central bank, European debt crisis, European Union (EU), forex, forex trading, technical analysis, technical indicators, U.S. dollar

Category: Currencies

Has the European Central Bank Defeated the Sovereign Debt Crisis Once and For All?
A three-paneled chart reveals whether the critical precondition for recovery, consumer borrowing, is underway in Europe.

By Nico Isaac
3/21/2013 5:15:00 PM

The conventional wisdom would have to agree. Every polled financial pundit from here to the Hellenic Republic insists that – while not totally out of the woods – the worst of the eurozone economic crisis is in the rearview. The universally recognized date for the Continent’s exact turning point is July 2012. That’s when European Central Bank President Mario Draghi tossed his tie over his shoulder to verbally put the naysayers in their place

Filed Under: central banks, debt crisis, euro, europe, european central bank, European debt crisis, european markets, eurozone, liquidity, soverign debt crisis

Category: European Markets

EURUSD: Draghi Speaks, Euro Rises?
This Elliott wave pattern saw the rally coming before Mr. Draghi ever spoke

By Vadim Pokhlebkin
3/7/2013 9:45:00 PM

On Thursday (Mar. 7), the European Central Bank president, Mario Draghi, made headlines with an optimistic statement that, "Later in 2013 economic activity should gradually recover..." The euro gained and pushed EURUSD, the euro-dollar exchange rate, as high as 1.3117. But as it's often the case, the rally was "in the waves" before the news. Take a look at this chart...

Filed Under: Elliott wave, Elliott Wave trading, euro, europe, european central bank, European Union (EU), eurozone, forex, forex trading, technical analysis, trendlines, U.S. dollar

Category: Currencies

European Markets: Are 'Happy Days Here Again'?
Page one of The European Financial Forecast: A chart of Euro Stoxx volatility reveals if a drop in fear means a rise in stocks.

By Nico Isaac
3/7/2013 10:15:00 AM

When the 2007-2009 financial crisis nearly unravelled the global economy, many investors hid under their virtual beds, and parked the bulk of their wealth in safe-haven products. Now it's 2013, and a recent Wall Street Journal article describes an almost emboldening epidemic affecting the world's market participants known as "fear fatigue."

Filed Under: DAX, europe, European debt crisis, european markets, financial forecast, FTSE, sentiment, VIX, volatility

Category: European Markets

EURUSD: Story of the Week
Elliott waves in forex markets keep warning you of important trend changes

By Vadim Pokhlebkin
3/1/2013 3:45:00 PM

Our Senior Currency Strategist, Jim Martens, likes to say that, "You must faith in your analysis method." Here's another example of that. This week, the U.S. dollar strength pushed EURUSD, the euro-dollar exchange rate, below $1.30 for the first time in months. The week was rich on economic news. We learned that...

Filed Under: consumer confidence, Elections, Elliott wave, Elliott Wave trading, europe, eurozone, Fibonacci, forex, forex trading, fundamental analysis, gross domestic product (GDP), home sales, housing prices, technical analysis, technical indicators, U.S. dollar, unemployment

Category: Currencies

A Fundamental Lesson from Italy's Recent Political Deadlock
European Financial Forecast uses Elliott wave analysis -- not election results -- to identify the near-term stock index trends on the Continent.

By Nico Isaac
2/27/2013 5:30:00 PM

On Feb. 26, Italy's much-anticipated Parliamentary Election ended in an impasse, when dark horse candidate/comedian Beppe Grillo earned enough votes to prevent the two leading parties from gaining a majority. In the immediate aftermath of the election, European stock markets took a synchronized leap south in single-day declines from 1.5% to 5%. On that day, the mainstream experts were unanimous: Italy's election outcome flat out bearish...

Filed Under: Bob Prechter, CAC40, DAX, Elliott wave, euro stoxx 50, europe, european markets, eurozone, FTSE, fundamental analysis, Prechter's Perspective, Robert Prechter, social mood

Category: European Markets

EURUSD: At a 6-Week Low
The weakness in EURUSD did not start AFTER the Fed's minutes were released

By Vadim Pokhlebkin
2/21/2013 10:45:00 PM

On Wednesday and Thursday of this week (Feb. 20 and 21), the world's most-traded forex market lost almost 300 points (or pips). The drop in the euro (and the U.S. dollar rally) has been widely attributed to two factors...

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, Federal Open Market Committee (FOMC), forex, forex trading, technical analysis, U.S. dollar, U.S. Federal Reserve (the Fed)

Category: Currencies

Starry-Eyed Surprise: The Economy Does Not Lead Stock Markets
This chart of four critical UK economic indicators sends a powerful message about the Continent's key stock markets.

By Nico Isaac
2/21/2013 5:30:00 PM

Conventional economic wisdom says economic indicators drive stock market trends. If the economic news of the day -- employment, manufacturing, home sales, etc. -- is positive, then "Joe Pundit" says that's why stock prices rallied. If those numbers are negative he says that's why prices fell. Case in point, the following news stories regarding the recent performance in London's FTSE 100:

Filed Under: DAX, economic indicators, Elliott wave, europe, european markets, eurozone, FTSE, fundamental analysis, Prechter's Perspective, Robert Prechter

Category: European Markets

EURUSD vs. GBPUSD: An Interesting Divergence
And one that may be coming to an end soon.

By Vadim Pokhlebkin
2/19/2013 10:45:00 PM

While EURUSD has spent most of 2013 rising, GBPUSD spent all of this year in a steady decline. That might seem strange, considering that both forex pairs measure the strength of the U.S. dollar against two key currencies from the same region: Europe. You see this divergence even on the short-term timeframe. For example, on February 19...

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, forex, forex trading, technical analysis, U.S. dollar

Category: Currencies

European Markets Crumble: Were You Surprised or Prepared?
Conventional financial analysts were caught off guard by the volatility. European Short Term Update subscribers anticipated it.

By Nathaniel Williams
2/8/2013 3:30:00 PM

It's easy to extrapolate present trends into the future. But it's not helpful, mainly because trends change. It's much harder -- and yet more helpful -- to peek around the corner to see what's next. Elliott wave analysis equips you to do that, which can sometimes yield fruit in abundance. Check out this video about European stock markets.

Filed Under: CAC40, europe, european markets, European Union (EU)

Category: Global Markets

Is It Really Time to Buy Europe?
Before you sit down at Europe's born-again-bulls table, make sure your analysis has all of its objective legs intact

By Nico Isaac
2/6/2013 12:30:00 PM

When it comes to assessing the near- and long-term trends underway in financial markets, Elliott wave analysts adopt what I call the three-legged stool approach to forecasting. Their analysis rests on three main factors: Elliott wave structure, technical indicators, and sentiment. The first two legs are tangible: Elliott wave patterns unfold in clear and calculable formations on financial market price charts. Technical indicators are also observable on price charts as oscillators or bar patterns or candlesticks and the like. But what about sentiment -- how do you measure extremes in human emotion?

Filed Under: banks, Elliott wave, euro, euro stoxx 50, europe, european central bank, european markets, eurozone, sentiment

Category: European Markets

Is Joining the Eurozone the Path to Economic Recovery?
A chart in the latest European Financial Forecast shows whether induction into the Eurozone coincides with a new bull market

By Nico Isaac
1/28/2013 5:00:00 PM

For the economies across the pond, a common nickname for the 17-nation eurozone is "the Club." And for the last few years, the reigning attitude regarding accession into said Club has been less gratitude and more Groucho Marx. That is, until now. In the short extent of 2013 so far, noticeable pockets have formed in the Continent's once airtight anti-euro campaign. Here, a comparison of news stories from 2011 to news storiestoday captures the dialing down of no-zone sentiment:

Filed Under: Elliott wave, euro, euro stoxx 50, europe, european markets, eurozone, financial forecast

Category: European Markets

Does Germany Have the Power to Save Europe's Economy?
A walk down memory lane reveals the last two times Europe hitched its recovery wagon to Germany's rising star.

By Nico Isaac
1/11/2013 5:30:00 PM

Without question, Germany, the world's third-largest economy, closed 2012 in a year-end tour de force. And now, folks want to know whether the stellar performance is the bearish curtain call Germany – and the rest of Europe – has long awaited.

Filed Under: DAX, economic depression, Elliott wave, europe, european markets, financial forecast, great depression

Category: European Markets

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Browse Recent Media Articles that Mention EWI or Feature EWI Analysts
As the markets enter what Bob Prechter calls "the point of recognition," we notice that mainstream media pundits who get it start to notice us, our analysts and our forecasts. You can browse dozens of recent media articles about EWI in the EWI Press Room.

EURUSD Drops Below 1.30... Why, Again? Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

As with "Madame Deficit," Heads May Roll During the Next Economic Crisis The blame game will get serious.

The UK Avoids Recession. Proof Positive of Recovery? And why taking the experts at their word may not be the safest decision.

Cyprus Banking Bailout: Costs Rise, Heads Roll The officials and experts who didn't see the crisis coming were supposed to prevent it in the first place.

Short-Term Euro Memory Loss .. And long-term euro calls from EWI's European Financial Forecast

Forex: Don't Write Off The Euro Just Yet "We all know the euro is going lower," is today's popular sentiment. Yet Elliott waves suggest there is hope for the euro yet.

Crude Oil Analysis Without the 800-pound Swinging Cyprus Gorilla on its Back On March 1, Energy Specialty Service outlined a near-term bullish scenario in crude oil

Cyprus, the Euro – and Elliott Waves How will the forex market react to the details of the Cyprus bailout plan when the agreement is finally reached?

Has the European Central Bank Defeated the Sovereign Debt Crisis Once and For All? A three-paneled chart reveals whether the critical precondition for recovery, consumer borrowing, is underway in Europe.

EURUSD: Draghi Speaks, Euro Rises? This Elliott wave pattern saw the rally coming before Mr. Draghi ever spoke

European Markets: Are 'Happy Days Here Again'? Page one of The European Financial Forecast: A chart of Euro Stoxx volatility reveals if a drop in fear means a rise in stocks.

EURUSD: Story of the Week Elliott waves in forex markets keep warning you of important trend changes

A Fundamental Lesson from Italy's Recent Political Deadlock European Financial Forecast uses Elliott wave analysis -- not election results -- to identify the near-term stock index trends on the Continent.

EURUSD: At a 6-Week Low The weakness in EURUSD did not start AFTER the Fed's minutes were released

Starry-Eyed Surprise: The Economy Does Not Lead Stock Markets This chart of four critical UK economic indicators sends a powerful message about the Continent's key stock markets.

EURUSD vs. GBPUSD: An Interesting Divergence And one that may be coming to an end soon.

European Markets Crumble: Were You Surprised or Prepared? Conventional financial analysts were caught off guard by the volatility. European Short Term Update subscribers anticipated it.

Is It Really Time to Buy Europe? Before you sit down at Europe's born-again-bulls table, make sure your analysis has all of its objective legs intact

Is Joining the Eurozone the Path to Economic Recovery? A chart in the latest European Financial Forecast shows whether induction into the Eurozone coincides with a new bull market

Does Germany Have the Power to Save Europe's Economy? A walk down memory lane reveals the last two times Europe hitched its recovery wagon to Germany's rising star.

EURUSD Drops Below 1.30... Why, Again?
Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

As with "Madame Deficit," Heads May Roll During the Next Economic Crisis
The blame game will get serious.

The UK Avoids Recession. Proof Positive of Recovery?
And why taking the experts at their word may not be the safest decision.

Cyprus Banking Bailout: Costs Rise, Heads Roll
The officials and experts who didn't see the crisis coming were supposed to prevent it in the first place.

Short-Term Euro Memory Loss
.. And long-term euro calls from EWI's European Financial Forecast

Forex: Don't Write Off The Euro Just Yet
"We all know the euro is going lower," is today's popular sentiment. Yet Elliott waves suggest there is hope for the euro yet.

Crude Oil Analysis Without the 800-pound Swinging Cyprus Gorilla on its Back
On March 1, Energy Specialty Service outlined a near-term bullish scenario in crude oil

Cyprus, the Euro – and Elliott Waves
How will the forex market react to the details of the Cyprus bailout plan when the agreement is finally reached?

Has the European Central Bank Defeated the Sovereign Debt Crisis Once and For All?
A three-paneled chart reveals whether the critical precondition for recovery, consumer borrowing, is underway in Europe.

EURUSD: Draghi Speaks, Euro Rises?
This Elliott wave pattern saw the rally coming before Mr. Draghi ever spoke

European Markets: Are 'Happy Days Here Again'?
Page one of The European Financial Forecast: A chart of Euro Stoxx volatility reveals if a drop in fear means a rise in stocks.

EURUSD: Story of the Week
Elliott waves in forex markets keep warning you of important trend changes

A Fundamental Lesson from Italy's Recent Political Deadlock
European Financial Forecast uses Elliott wave analysis -- not election results -- to identify the near-term stock index trends on the Continent.

EURUSD: At a 6-Week Low
The weakness in EURUSD did not start AFTER the Fed's minutes were released

Starry-Eyed Surprise: The Economy Does Not Lead Stock Markets
This chart of four critical UK economic indicators sends a powerful message about the Continent's key stock markets.

EURUSD vs. GBPUSD: An Interesting Divergence
And one that may be coming to an end soon.

European Markets Crumble: Were You Surprised or Prepared?
Conventional financial analysts were caught off guard by the volatility. European Short Term Update subscribers anticipated it.

Is It Really Time to Buy Europe?
Before you sit down at Europe's born-again-bulls table, make sure your analysis has all of its objective legs intact

Is Joining the Eurozone the Path to Economic Recovery?
A chart in the latest European Financial Forecast shows whether induction into the Eurozone coincides with a new bull market

Does Germany Have the Power to Save Europe's Economy?
A walk down memory lane reveals the last two times Europe hitched its recovery wagon to Germany's rising star.