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U.S. Dollar "Flies": A Blip or Start of Something Big?

Vadim Pokhlebkin — Tue, 17 Nov 2009 02:30:00 ET

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...

VIDEO (Forex): Often, Basic Elliott Is All You Need

Vadim Pokhlebkin — Tue, 10 Nov 2009 03:15:00 ET

Every Friday, Elliott Wave International's Senior Currency Strategist Jim Martens records a weekly video for the subscribers of his intensive Currency Specialty Service. In the one you are about to watch, Jim explains how the same basic pattern that R.N. Elliott discovered back in the 1930s is often all you need to make forecasts -- for the EUR/USD, in this example.

EUR/USD (Forex): How to Forecast Market Moves Before They Occur

Vadim Pokhlebkin — Wed, 04 Nov 2009 07:15:00 ET

News stories move the markets -- that's what just about every investor believes. But can you predict what the market will do before the news is released? Let's look at a fresh example: the actio in the EUR/USD on November 4, when the Federal Reserve Bank announced its latest decision on the U.S. interest rates.

EUR/USD (Forex): Big Moves, But What's the Reason?

Vadim Pokhlebkin — Tue, 27 Oct 2009 03:00:00 ET

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?

U.S. Dollar: Kiss Goodbye or Reversal at Hand?

Jim Martens, Senior Currency Strategist — Tue, 13 Oct 2009 11:45:00 ET

Remember how bearish people were on oil ten years ago? Today, it's the U.S. dollar. This recent headline on DrudgeReport.com, "Kiss the Dollar Goodbye," complete with a picture of a smooching President Obama, is a fair reflection of the sentiment toward the buck. But here's what it likely means...

The New Carry Trade

Jason Farkas — Mon, 12 Oct 2009 04:45:00 ET

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.

Death of the Dollar, Again: Before You Mourn, See This Chart

Nico Isaac — Wed, 07 Oct 2009 04:15:00 ET

If you want the latest news on the U.S. Dollar Index, try a search under its new ticker symbol, RIP. -- as in, "rest in peace." Let the record show: In the early morning hours of Tuesday, October 6, the mainstream financial community officially declared "The Demise of the Dollar" (The Independent).

VIDEO (Forex): Which Elliott Waves Are Best For Trading?

Vadim Pokhlebkin — Tue, 29 Sep 2009 08:00:00 ET

We have many resources at elliottwave.com that help you learn Elliott wave analysis -- but nothing helps you learn faster than watching a good teacher. Watch this free 6-minute clip from a live webinar Elliott Wave International's Senior Currency Strategist Jim Martens held for his subscribers last year. Here's what Jim talked about...

VIDEO: What Elliott Wave Software Should I Use?

Vadim Pokhlebkin — Tue, 22 Sep 2009 12:30:00 ET

"What Elliott wave software do you recommend?" is one of the most frequent questions our readers send us. Watch the editor of Elliott Wave International's Currency Specialty Service Jim Martens answer this question in this free 6-minute classic video using charts of the U.S. Dollar Index and the dollar/yen as examples.

EUR/USD (Forex): And So, We Wait

Vadim Pokhlebkin — Fri, 18 Sep 2009 04:30:00 ET

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...