By Vadim Pokhlebkin
2/10/2012 6:15:00 PM
This is what a chart of the S&P 500 looks like this week (Feb. 6-10)" ... If you saw this chart on Thursday (Feb. 9), would there have been anything to give you a clue that Friday's vertical drop would erase most of the week's gains?
Filed Under: Elliott wave, European debt crisis, Greek debt, Nasdaq Composite, Robert Prechter, S&P 500, stock indexes, technical analysis, technical indicators
Category: Stocks
Forex Insight: EURUSD Pushes Higher, But for How Long?
Where will the euro go on February 9? How about on the 10th, or the day after? The latest European "fundamentals" can’t really help you with that
By Vadim Pokhlebkin
2/8/2012 5:15:00 PM
"NEW YORK -- The euro moved toward a two-month high as news reports challenged hopes that the European Central Bank may be the clinch to an agreement on a second bailout for Greece." (Feb. 8, Wall Street Journal) Great. Now that you know why EURUSD moved higher on February 8, where will it go on February 9? How about on the 10th? The "fundamentals" can’t really help you with that.
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, European debt crisis, eurozone, forex, forex trading, Greek debt, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
Greek Stocks Surge 21%: How to Be Prepared for the Next "Surprise" out of Greece
Elliott Wave International's European Short Term Update explains why the latest rally in Greece's FT-ASE was a predictable event -- without the news or "fundamentals."
By Nathaniel Williams
2/2/2012 12:00:00 PM
Here at EWI, our analysts don't forecast based on the whims of the financial news or "fundamentals", because we know from observing market behavior for over 30 years that news and events are not the markets' driving force. Instead, we study price chart patterns -- a method we've found much more reliable at predicting trend changes. Let me show you an example using the latest stock rally in Greece.
Filed Under: bailouts, Elliott wave, Elliott Wave trading, europe, European debt crisis, european markets, European Union (EU), eurozone, Greek debt
Category: European Markets
By Vadim Pokhlebkin
1/23/2012 11:00:00 PM
The U.S. dollar sold off strongly in the forex markets on January 23, pushing EUR/USD, the euro-dollar exchange rate, as high as $1.3047 in the process. While the "fundamental" picture for the euro remains murky (continued Greek debt negotiations being the latest factor under the microscope) from an Elliott wave perspective, the trend in EUR/USD is much more definable, at least in the short term
Filed Under: Elliott wave, Elliott Wave trading, euro, eurozone, forex, forex trading, Greek debt, U.S. dollar
Category: Currencies
By Paul DeBoer
12/2/2011 2:00:00 PM
How many European bankers does it take to change a light bulb? That's a joke in search of an answer, but EWI's European analyst Brian Whitmer explained five months ago that the "light bulb moment" was coming -- that’s the time when most people would clearly recognize the severity of the European debt crisis. He offered this spot-on analysis back in July 2011, before the larger world came to know recently how bad things really are in the eurozone.
Filed Under: european central bank, European debt crisis, european markets, European Union (EU), eurozone, Greek debt
Category: European Markets
By Alexandra Lienhard
11/16/2011 1:00:00 PM
Enjoy this 16-minute long interview with EWI's European Financial Forecast editor, Brian Whitmer.
Filed Under: eurozone, eu, soverign debt crisis, europe, brian whitmer, Greek debt, interview, Club EWI
Category: European Markets
The Hidden Risk on a “Hedged Position”
How the International Swaps Dealer Association crippled the sovereign bond credit default swaps market -- and why that matters to you
By Jason Farkas
11/10/2011 2:00:00 PM
Jefferies & Co, Inc. just announced that they have reduced their holdings of European sovereign debt by $2.2 billion. But just last week -- and for months prior – many holders of European debt declared themselves to be “hedged” against any risks via credit default swaps (CDS). Here's what might be happening...
Filed Under: debt crisis, debt downgrade, derivatives, European debt crisis, European Union (EU), eurozone, Greek debt
Category: European Markets
By Bob Stokes
11/8/2011 5:30:00 PM
The latest Financial Forecast states: "While Europe is the epicenter of the credit crisis, the situation in the U.S. is hurtling toward the same type of abyss..." The recently published issue goes on to reveal the thought-provoking analysis behind that statement...
Filed Under: conquer the crash, credit crisis, credit rating, debt crisis, debt downgrade, Greek debt, soverign debt crisis
Category: U.S. Economy
By Vadim Pokhlebkin
11/4/2011 6:00:00 PM
In times of uncertainty -- when emotions run high and no one knows what will happen next -- the mainstream financial community is usually gripped by confusion and panic. And yet it's precisely at these sorts of "flash crash" moments that Elliott wave analysis shines, as wave patterns in price charts become clear. Why?
Filed Under: debt crisis, debt downgrade, economic depression, Elliott wave, European Union (EU), euro, euro stoxx 50, eurozone, euro/USD exchange rate, europe, european central bank, European debt crisis, European Union (EU), eurozone, Greek debt
Category: European Markets
By Susan C. Walker
11/3/2011 6:00:00 PM
While the guessing game goes on about Greece, EWI's European Financial Forecast editor, Brian Whitmer, combs through the conflicting messages and points out what really matters...
Filed Under: bailouts, debt crisis, Elliott wave, European Union (EU), euro, euro stoxx 50, eurozone, europe, european central bank, European debt crisis, European Union (EU), eurozone, Greek debt
Category: European Markets
By Vadim Pokhlebkin
10/27/2011 4:30:00 PM
On Thursday, the EU agreed to expand a bailout fund, and the euro surged, pushing the EUR/USD above $1.42 for the first time in weeks. Question: Is this a start of a real bull trend against the U.S. dollar, or a temporary relief?
Filed Under: bailouts, banks, Elliott Wave trading, Elliott wave, euro, european central bank, European debt crisis, forex, forex trading, Greek debt, U.S. dollar
Category: Currencies
Opportunity into Reality: Real-Life Example
"Catching market opportunities" sounds good -- but how, exactly, does Elliott wave analysis help you do that?
By Vadim Pokhlebkin
10/10/2011 4:15:00 PM
As an elliottwave.com reader, you know that we often talk about "catching market opportunities." That sounds good -- but how, exactly, does Elliott wave analysis help you do that? Last week offered a good example. October 4, was an interesting -- and significant -- day for the Dow...
Filed Under: Dow Jones Industrial Average (DJIA), Elliott Wave trading, European debt crisis, Greek debt, Nasdaq Composite, Robert Prechter, S&P 500, technical analysis, technical indicators, trade targets, trading lessons, trading lessons
Category: Stocks
By Vadim Pokhlebkin
10/7/2011 11:45:00 PM
Did you realize that so far this year, France’s CAC 40 stock index has taken back nearly 2 years’ worth of gains in a mere 7 months? Same is true for the pan-European Eurostoxx 50 index. And, as markets dropped in September, less than 10% of futures traders said they were bullish on the DAX, FTSE, CAC 40 and Eurostoxx 50 in August and September. More...
Filed Under: CAC40, DAX, Elliott Wave trading, euro, european central bank, European debt crisis, eurozone, FTSE, Greek debt, Irish debt crisis, sentiment, soverign debt crisis, Swiss Market Index (SMI), volatility
Category: European Markets
Contagion: Now in European Economic "Theaters" Everywhere
Why did EWI's European Financial Forecast warn months ago that the sovereign debt crisis would not be an isolated event?
By Nico Isaac
9/12/2011 2:30:00 PM
If you missed the September 9 opening weekend of "Contagion" -- the big-budget thriller about a deadly pandemic spreading across the world -- don't worry. You can see the non-fictionalized version play out in European financial "theaters" right now. Those top-tier nations once deemed immune to the sovereign debt crisis that first flared in Dubai, then Iceland two years ago are now experiencing the all-too-familiar symptoms of acute debt downgrades and painful market declines.
Filed Under: europe, European debt crisis, eurozone, Greek debt, soverign debt crisis
Category: European Markets
European Banks: "Panic Now and Avoid the Rush"
"The Bank of Ireland and Allied Irish bank collapsed in September 2010 -- shortly after they received passing grades from European banking supervisors"
By Vadim Pokhlebkin
8/19/2011 10:00:00 AM
Bank stocks led the declines across Europe on August 18. At EWI, we are not afraid to call a spade a spade. A year ago, when the rest of the world was praising the results of the July 2010 European bank "stress tests," the editor of our monthly European Financial Forecast Brian Whitmer made this comment in the August 2010 issue...
Filed Under: bailouts, Elliott wave, European Union (EU), euro, euro stoxx 50, eurozone, europe, european central bank, European debt crisis, European Union (EU), eurozone, Greek debt
Category: European Markets
By Nathaniel Williams
8/10/2011 2:45:00 PM
The Greek debt crisis began after Greek stocks had topped, which confirms again what we often say here at EWI: Stocks lead the economy, not the other way around, despite what the conventional financial model says.
Filed Under: Elliott wave, europe, European debt crisis, Greek debt
Category: European Markets
By Vadim Pokhlebkin
8/5/2011 7:00:00 PM
Do you remember when the European debt crisis began to make headlines? It seems like it's been with us forever. But as EWI's August European Financial Forecast points out, the crisis began "21 months ago in Greece and Italy," as their respective stock markets topped. That's a hugely important point -- here's why...
Filed Under: CAC40, DAX, euro, euro stoxx 50, eurozone, europe, European debt crisis, FTSE, Greek debt, soverign debt crisis, Swiss Market Index (SMI)
Category: European Markets
By Jill Noble
7/29/2011 4:45:00 PM
Recent news stories make the idea of trading the euro and yen sound risky. And it is; all market speculation is risky. Yet while the "fundamentals" will often leave you guessing about market direction, the Elliott wave method helps you get a much better grasp on what's ahead. These interactive charts show you how...
Filed Under: Elliott Wave Principle, Elliott Wave trading, euro, European debt crisis, forex, forex trading, Greek debt, Japanese yen
Category: Currencies
By Vadim Pokhlebkin
7/20/2011 3:30:00 PM
Greek bonds have been a hot news item lately because of how much, in terms of bond yields, the Greek government has had to pay to get investors to buy Greek debt. But as early as mid-May -- weeks before the details of the Greek austerity measures were ironed out -- Elliott wave analysts were on the record: bailouts or not, Greek bond yields would rise further. See for yourself...
Filed Under: bailouts, Elliott wave, European Union (EU), eurozone, europe, European debt crisis, Greek debt
Category: European Markets
Gold: Next Stop, The Moon?
Gold topped $1,600 an ounce on July 18, for the first time ever
By Vadim Pokhlebkin
7/19/2011 10:00:00 AM
The mainstream financial press is full of stories about the "fundamentals" that have pushed gold above $1,600 an ounce. (However, note that, as our recent article pointed out, gold's initial push-off occurred despite "bearish fundamentals.") But you didn't come to elliottwave.com for mainstream discussions.
Filed Under: Elliott Wave trading, gold futures, Greek debt, momentum, Relative Strength Index (RSI)
Category: Gold and Silver