On March 24, the Aussie dollar slipped to its lowest level in two weeks. But, according to some mainstream experts, there was no reason for the currency’s fall. From an Elliott wave perspective, however, the reason was plain as day.
Jim Martens, the editor of our Currency Pro Service, gives an overview of the currency markets he follows and talks about a couple opportunities he's keeping his eye on.
Besides Elliott wave price patterns, our analysts also watch other telltale market indicators to pinpoint trend reversals -- e.g., sentiment extremes.
Natural Gas - 3 degrees of trend for 2 months. "What's Next" for the U.S. Dollar Index. And, "Who's Excited" about consumer credit? See and hear about these topics and more, in our March preview of Global Market Perspective.
On March 1, the U.S. dollar did something it hadn't done in almost two months: It got stronger. Two reasons were behind the move, said analysts: The Fed's imminent rate hike, and, President Trump's widely-covered address to Congress. But here's one reason many have overlooked.
See what to make of the recent U.S. dollar strength in this new interview with Forex Experts Jim Martens and Michael Madden.
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?