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

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


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

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


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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.