by
Editorial Staff
8/18/2008 9:45:00 PM
At Elliott Wave International, we have been forecasting the markets for 30 years. We can help you understand how the markets work and teach you a popular forecasting method that may help you formulate a trading strategy: Elliott wave analysis. It's a method many traders use, because it helps you to accomplish three crucial goals: Identify the trend, stay with it, and know when the trend is likely over. And you're in luck! Because from noon to noon on August 20 through August 27, you can have full, free access to Elliott Wave International's forex forecasts. Click for details.
Filed Under:
forex, forex trading, online currency speculation, forex brokerage firms, currency trading, how the markets work
Category:
Currencies
|
|
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
|
|
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
|
|
by
Vadim Pokhlebkin
6/25/2008 6:15:00 PM
Now that the Federal Reserve left U.S. interest rates unchanged and the U.S. dollar lost on the news, the question is: Was that all of the "pressure" the USD would see, or is there more to come? Here's a chart Elliott Wave International's Currency Specialty Service showed right before the Fed's announcement on June 25...
Filed Under:
european central bank, inflation, eurozone, U.S. Dollar Index, interest rates unchanged at 2%, forex, eurusd exchange rate
Category:
Currencies
|
|
by
Vadim Pokhlebkin
6/18/2008 5:30:00 PM
There is a persistent belief among many forex traders that trends in various global markets have a profound influence on the trends in currencies. But can you really forecast the trend in one market based on another with consistent results?
Filed Under:
usd, forex, us dollar index, DJIA
Category:
Currencies
|
|
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
|
|
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
|
|
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
|
|
by
Vadim Pokhlebkin
5/20/2008 5:15:00 PM
Do you ever get the feeling that the conventional market analysts quoted in the financial press are, all to often, a step behind the curve? They try hard to explain how news stories or actions in one market are responsible for reactions in another, and they are very good at it. For example, when the U.S. dollar gained against the euro on Monday (May 19), they said...
Filed Under:
u.s. dollar, euro, eurusd exchange rate, forex, Fed's minutes, Germany's Ifo Business Climate Index, U.S. jobless claims, Consumer Confidence Survey, Existing U.S. home sales
Category:
Currencies
|
|
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
|
|
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
|
|
by
Vadim Pokhlebkin
4/24/2008 6:30:00 PM
Since Tuesday (April 22), the EURUSD lost close to 400 pips, or four cents. As usual, the question on every forex trader's mind is – why is the dollar suddenly gaining on the euro?
Filed Under:
forex, euro-dollar, business confidence germamy, U.s. durable goods report
Category:
Currencies
|
|
by
Vadim Pokhlebkin
4/3/2008 7:45:00 PM
"4/01/2008 - Tuesday was a great example of why patience in the market is so important for most traders. When I first looked at the chart of the Dollar Index, I saw a rally that had retraced just about 61.8% of the prior decline..."
Filed Under:
currency, trading, forex, USD-JPY, USD-CAD, dollar Index
Category:
Currencies
|
|
by
Vadim Pokhlebkin
3/24/2008 6:15:00 PM
In early March, arguments over the weakening U.S. dollar got quite heated. Calls on the U.S. Federal Reserve to "do more" to support the dollar and forecasts for the euro/dollar exchange rate of $1.60 or higher were not uncommon. That's when -- seemingly against all odds -- the USD reversed and started pushing higher against the EUR and other major currencies. Why?
Filed Under:
Federal Reserve, euro/dollar, forex, currency
Category:
Currencies
|
|
by
Vadim Pokhlebkin
3/18/2008 5:30:00 PM
Question: When the U.S. Federal Reserve Bank lowers interest rates, what is the U.S. dollar supposed to do, according to the conventional economic wisdom? That’s right, fall. So why then did the dollar gain today (March 18) after the Fed cut rates by a hefty 0.75%?
Filed Under:
u.s. dollar, euro, interest rates, Federal Reserve, forex, currency, Jim Martens
Category:
Currencies
|
|
by
Vadim Pokhlebkin
3/9/2008 9:40:33 PM
In mid-February, the exchange rate between the U.S. dollar and Japanese yen stood near 108. Today, it stands near 102, some 600 points (or pips) lower. What if you knew a technique, which -- just by looking at chart picture of the USD/JPY -- could have warned you of this move before it occurred? The free 9-minute video you are about to see shows you just how to do it.
Filed Under:
u.s. dollar, japanese yen, forex, Currencies
Category:
Currencies
|
|
by
Vadim Pokhlebkin
2/1/2008 12:30:00 PM
Just minutes after the release of a disappointing U.S. employment report last Friday morning (Feb. 1), the U.S. dollar suddenly got stronger and the EUR/USD exchange rate plunged. The fall was fast and deep; by Friday night, the dollar stood over 100 pips stronger against the euro -- despite the morning's bad economic news. Strange? You can say that again. But what happened next was even stranger.
Filed Under:
forex, european central bank, hawkish, currency, trade, u.s. employment report, exchange rates, euro, dollar
Category:
Currencies
|
|
|