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by
Vadim Pokhlebkin
10/27/2009 3:00:00 PM
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?
Filed Under:
u.s. dollar, Currencies, forex, eur/usd, euro, china, foreign exchange reserves
Category:
Currencies
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by
Jason Farkas
10/12/2009 4:45:00 PM
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.
Filed Under:
us dollar, australian dollar, euro, yen, Federal Reserve, Bernanke helicopter, EUR/JPY, eur/usd, AUD/USD, AUD/JPY, interest rates
Category:
Currencies
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by
Vadim Pokhlebkin
9/18/2009 4:30:00 PM
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...
Filed Under:
dollar, euro, forex, Euro dollar exchange rate, Currencies, trading
Category:
Currencies
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by
Vadim Pokhlebkin
9/15/2009 10:30:00 AM
Unless you're a financial professional with a keen interest in international bond markets, you probably didn't even notice an obscure news item from Germany last week. Yet it may speak volumes about the coming trend change in the U.S. dollar.
Filed Under:
Currencies, forex, u.s. dollar, dollar Index, euro, eur/usd, foreign exchange
Category:
Currencies
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by
Vadim Pokhlebkin
9/9/2009 12:15:00 PM
One look at the latest U.S. dollar news headlines, and it seems like the buck has nowhere to hide. The buck is toast. Stick a fork in it. It's done. But wait -- we've been here before.
Filed Under:
u.s. dollar, euro-dollar exchange rate, forex, currencies, euro, eur/usd, usd, eur, jpy
Category:
Currencies
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by
Vadim Pokhlebkin
8/25/2009 4:30:00 PM
"Fundamental" indicators change with the wind because they apply only to what has already happened. It's easy to "explain" past market action -- try predicting it instead. With Elliott wave analysis, you can. As this chart shows, there is a potentially major opportunity developing in the U.S. dollar right now...
Filed Under:
Currencies, forex, u.s. dollar, euro, usd, Bernanke
Category:
Currencies
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by
Vadim Pokhlebkin
8/6/2009 2:30:00 PM
Last fall, stocks around the world were falling like a rock, but the U.S. dollar, to most people's surprise, was rallying against the euro -- on fear, said market commentators. Do you remember what happened next? That's right -- the dollar fell hard: Ironically, a sentiment extreme in favor of the dollar marked a huge top. This free classic video explains why...
Filed Under:
u.s. dollar, euro, forex, currency
Category:
Currencies
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by
Nico Isaac
8/3/2009 4:00:00 PM
On Monday, August 3, the U.S. dollar packed about as much heat as the Abominable Snowman. Ipso facto: the greenback plunged to a new low for 2009 against its European counterpart, the euro. As for what caused the sharp and sudden drop in the dollar's value -- the mainstream experts pointed their collective finger at one piece of data...
Filed Under:
Currencies, us dollar, greenback, euro
Category:
Currencies
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by
Vadim Pokhlebkin
7/28/2009 2:15:00 PM
If you've been frustrated lately by the lack of action in the euro-dollar exchange rate (EUR/USD) you're not alone. Since early June the pair has gone nowhere, but that's only the half of it: It has also swung wildly in the 500-pip range between $1.43 and 1.37, as this chart shows...
Filed Under:
forex, Currencies, u.s. dollar, euro, eur/usd, dx
Category:
Currencies
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by
Vadim Pokhlebkin
7/21/2009 2:30:00 PM
Financial markets develop as a series of patterns. If you're like most investors and believe that markets are random -- or, at best, moved by "good" or "bad" news -- you will often find Elliott-based forecasts in conflict with your "macro" views.
Filed Under:
forex, currency trading, u.s. dollar, euro, eur/usd
Category:
Currencies
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by
Vadim Pokhlebkin
6/22/2009 11:00:00 PM
What creates trends in all liquid, freely-traded markets? That depends on whom you ask. To a conventional market analyst, the answer is news stories and events -- political, economic, you name it. The Elliott Wave Principle, on the other hand, teaches that trends are shaped by the collective mood of the market participants. This quick example may help you decide who's right.
Filed Under:
u.s. dollar, euro, social mood, risk-averse, forex, currency trading
Category:
Currencies
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by
Vadim Pokhlebkin
6/5/2009 5:00:00 PM
The U.S. dollar, beaten badly since late April, took the upper hand on June 5 and broke below a psychologically important price point of $1.40 against its main competitor, the euro. But whatever you read in the financial press regarding the "reasons" for the dollar strength, they all pale in comparison with this one: market sentiment. take a look at this chart to understand why.
Filed Under:
u.s. dollar, euro, dollar strength, sentiment, daily sentiment index, forex
Category:
Currencies
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by
Vadim Pokhlebkin
5/19/2009 2:30:00 PM
Since early May, the U.S. dollar has been losing. Trying to find the cause of the weakness, conventional forex analysts have been citing various reasons -- all of the explaining it really well...after the fact. Watch this free May 8 video for an example of how Elliott wave analysis saw the current dollar weakness before it occurred.
Filed Under:
u.s. dollar, euro, brazil, china, forex, Currencies
Category:
Currencies
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by
Vadim Pokhlebkin
4/20/2009 4:00:00 PM
Here's a Monday puzzle for you: On the morning of April 20, the dollar pushed the exchange rate with its main "competitor" (the euro) below the "psychologically-important" $1.30 level. Why is the dollar getting stronger when "everyone knows" it should be crashing, considering the exploding debts of the U.S. government?
Filed Under:
dollar, euro, exchange rate, Currencies, froex
Category:
Currencies
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by
Vadim Pokhlebkin
1/5/2009 12:00:00 PM
The story goes that on January 5, the euro and the yen lost to the U.S. dollar because Barack Obama's proposed fiscal stimulus package may help the U.S. economy. That same day, the Mexican peso gained -- because an improved U.S. economy should boost Mexican exports. But wouldn't a better U.S. economy also boost exports from the EU and Japan? So why didn't the euro and yen gain with the peso? Hmm...
Filed Under:
forex, Currencies, eur/usd, euro, yen, peso, economic stimulus
Category:
Currencies
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by
Vadim Pokhlebkin
11/7/2008 6:15:00 PM
You may remember the Free Update article "Euro Vs. Dollar: $1.30 and Counting…Down?" that we published on elliottwave.com October 21. In it, we referenced a forecast by Elliott Wave International's Currency Specialty Service, which the day earlier – on October 20, before the EURUSD had slid to that 1½-year low – made a very bullish forecast for the dollar. And here is why I bring it up...
Filed Under:
euro-dollar exchange rate, eurusd, forex, u.s. dollar, euro
Category:
Currencies
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by
Jim Martens, Senior Currency Strategist
9/17/2008 4:30:00 AM
Have forex traders lost confidence in the idea that the U.S. was ahead of the rest of the world in regard to bad news – and now it’s leading the way back, away from the edge of recession? Or have they lost faith in the way the U.S. does business? And if it’s the latter, does it mean they have lost faith in the capitalist way of life? And what could that mean for the U.S. dollar? Here are some thoughts from Elliott Wave International’s Senior Currency Strategist
Filed Under:
Lehman, Merrill Lynch, u.s. automakers, currency trading, forex, u.s. dollar, euro, capitalism
Category:
Currencies
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by
Nico Isaac
9/9/2008 3:45:00 PM
Back in mid-July, the U.S. dollar was plunging to an all-time low against the euro. And, according to the mainstream experts, so long as the slew of bearish news remained intact, the currency was set to kick the "buck"et. What really happened was just the opposite....
Filed Under:
u.s. dollar, greenback, buck, euro
Category:
Currencies
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by
Vadim Pokhlebkin
8/14/2008 6:00:00 PM
The U.S. dollar rallied strongly against the euro in intraday trading on August 14, pushing the exchange rate down to $1.4780 – the level the rate hasn't seen since February. What's behind such a persistent show of strength on the dollar's part? As usual, it depends on whom you ask. Here is an elliott wave perspective...
Filed Under:
dollar, euro, exchange rate, Europe economy contraction, elliott wave triangle
Category:
Currencies
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by
Vadim Pokhlebkin
6/24/2008 8:00:00 PM
Going into the June 25 interest rate decision by the Federal Reserve, forex analysts unanimously say they expect the Fed to keep interest rates steady. I guess we'll just have to listen to what Ben Bernanke says in his announcement and try to read between the lines. Unless, of course, instead of listening to Bernanke, you try and listen to the market itself...
Filed Under:
dollar, euro, eur/usd, ben bernanke, interest rate announcement
Category:
Currencies
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Watch Bob Prechter's interview on CNBC Wednesday, Nov. 4. Bob discusses the current juncture, Conquer the Crash II and more.
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Announcing EWI's New eBook ...
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 In this exciting new 45-page eBook, Jeffrey Kennedy shows you – using fresh, real-life market examples – how you can use simple, yet powerful, chart reading techniques to improve your trading.
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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.
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