Forex: Euro Vs. Dollar – Up or Down?
When "fundamentals" get confusing, technical analysis helps you cut to the chase.

You've probably noticed how conflicting the mainstream financial media's analysis of the U.S. dollar vs. euro exchange rate has been over the past few days. The European Central Bank meets on May 8 -- will that be bullish or bearish for the euro-dollar exchange rate?

U.S. Dollar: Death By Deficit?

News Flash: Cinco De Mayo is NOT the celebration of Mexico's Independence from Spain. And, in lieu of the non-event event, consider one of the most common misconceptions of mainstream financial wisdom; namely: That a widening deficit decreases the value of the dollar, and vice versa.

Forex: Fed Cuts Rates…And The U.S. Dollar GAINS?
The word "speculation" is not part of proper Elliott wave lexicon.

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?

U.S. Dollar Gains Big; EURUSD Slides. Why?
It's traders' collective psychology that creates trends, not the news.

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?

Euro Vs. U.S. Dollar: $1.60 And Climbing?
Two reasons why is a very interesting moment for the euro-dollar exchange rate.

Tuesday brought another piece of bad news for the U.S. dollar: For the first time in history, the exchange rate between it and the euro went above one dollar and sixty cents. That, from a standpoint of technical analysis methods (one of which is Elliott wave) is a very interesting moment for the euro-dollar – for two reasons...

Forex: Dollar Rebounds After Hitting New Lows
Can you use the same "fundamentals" to justify both bullish and bearish market action?

The U.S. dollar fell to a new all-time low against the euro on April 16 -- mostly because of a rise in European inflation, apparently. But what if the euro-dollar moved down today instead? Can you imagine the same reason being used to justify a market decline instead? We can...

U.S. Dollar: An Intervention?
What does it take for a central bank to turn the tide on a currency's exchange rate?

If you're a currency trader, you know exactly what the word "intervention" means. When a central bank decides to step in and buy or sell a currency to fulfill whatever plan it may be pursuing, it may wreak havoc on the forex markets. What happened in the forex markets this past weekend was not an intervention – just a strong allusion to one. Still...

Trading Forex: Patience Pays Off
Trading is not a "one-size-fits-all."

VIDEO (Forex): Which Elliott Waves Are Best For Trading?
Nothing helps you learn faster than watching a good teacher.

We at elliottwave.com have many resources that can help you learn Elliott – but nothing helps you learn faster than watching a good teacher. Watch this free 6-minute clip from a live 49-minute webinar Elliott Wave International's Senior Currency Strategist Jim Martens held his subscribers on March 25. Here's what Jim talked about...

Video (Forex): War Of Words - A Telling Sign Of Reversal
When market psychology gets too one-sided, it's often a sign of an impending reversal.

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?

Forex: Fed Cuts…and the U.S. Dollar Gains?!
Elliott Wave International discusses the importance of price action, rather than the news, to the trend in the U.S. dollar.

U.S. Dollar: Speculation Aside...
Elliott Wave International shows how the knowledge of wave analysis could have helped you be prepared for the recent all-time low in the U.S. dollar.

Before the U.S. dollar fell to a new all-time low against the euro last week, opinions were divided on whether or not that would actually happen. Most of the arguments revolved around the U.S. Federal Reserve interest rates policy. Problem is, despite many analysts' claims, there is no persistent positive correlation between the U.S. dollar and interest rates.

VIDEO (Forex): How To Use Market Corrections to Your Advantage
Elliott Wave International shows in a free video a technique for taking advantage of complex market corrections.

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.

Forex: EUR/USD -- Explain This, Please
Elliott Wave International discusses a strange lack of logic in the recent reaction to the news by the euro/dolalr exchange rate.

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.

Forex: Look Twice, Triangles Are Everywhere
Elliott Wave International explains the concept of triangle chart pattern using the USD/JPY currency exchange rate as an example.

You don't have to squint to see them. Watch currency market charts long enough and you''ll see them everywhere: those moments on a chart when the market first swings wide up and down, then less so, then the swings narrow even more... Then for a while it seems the market is stuck, going only sideways, until -- boom! -- it launches into a wild spike that takes it far, far, and away. Triangles. That's what Elliotticians call those contracting swings in the charts. They are usually sideways moves comprised of 5 waves...

Forex: The Yen, Fading Star of the Show
Elliott Wave International discusses carry trade and recent wave patterns in the USD/JPY exchange rate.

With all the talk about the U.S. housing crisis as the reason for the ongoing credit crunch, news about another "culprit" -- carry trade -- have been getting lost in the shuffle lately. And to think that less than a year ago, carry trade was said to be the centerpiece of "global liquidity." When the world's stock markets showed first signs of future trouble and tumbled hard in late February-early March of 2007, it was the Japanese yen, not the U.S. housing worries, which took the blame.

Forex: No More Dollars At Taj Mahal
Elliott Wave International discusses recent rejection of US dollar by Indian tourism authorities and wave paterns in the EUR/USD.

It looks like the U.S. dollar's renewed weakness is sparking another wave of resentment around the world. The Associated Press has just reported that, "India's tourism minister said Thursday [Jan. 3] that U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the famed Taj Mahal." The USD is at a nine-year low against the rupee, and it shows. Our publications have documented similar cases of how the one-sided collective psychology against the buck has translated into similar headlines and actions.

U.S. Dollar: Model Behavior

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Forex: Is The Worst Over For The U.S. Dollar?

From its September 30 all-time high of $1.4282, so far this week the euro/dollar exchange rate is down over 200 pips, or two full cents.

U.S. Dollar: "This Reaction Speaks Volumes"
Elliott Wave International discusses recent volatility in the EUR/USD and the market's reaction to the assasination news from Pakistan.

"The reaction to a sudden and unexpected event typically reveals what investors are really thinking. Historically, in uncertain times the reaction is to buy dollars: the dollar represents stability. But that was not the reaction. This is an example of the general feeling toward the dollar. I think the reaction to sell dollars speaks volumes."