Elliott Wave International | World's Largest Market Forecasting Firm Since 1979
Please Login
 
 | What's My Password?
EWI

TAG: TRADE Return to Free Updates Home Page

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.

by Vadim Pokhlebkin
2/1/2008 12:30:00 PM

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.

Filed Under: forex, european central bank, hawkish, currency, trade, u.s. employment report, exchange rates, euro, dollar
Category: Currencies


Categories
Most Recent Articles
- 10/15/2008 4:00:00 PM
Why Are Gold Prices Falling? Hint: It’s NOT Because Of the Dollar
- 10/14/2008 6:45:00 PM
A Chart That "Quantifies" The Credit Crisis
- 10/14/2008 6:00:00 PM
Crude Oil: Gentlemen, Stop Your Engines
- 10/13/2008 5:30:00 PM
Has the Stock Market Been Nationalized?
- 10/13/2008 4:45:00 PM
U.S. Stocks: The “Unimaginable” Has Happened. Now What?

EWI's New Fibonacci eBook: How You Can Identify Turning Points Using Fibonacci


To access EWI's valuable message board, all you need is a free Club EWI profile. Create Yours Now >>
> Shouldn't gold be rallying like crazy right now?
> "As deflation reigns, the demand for dollars should increase." Why?
> Are bank safe deposit boxes a safe place in a deflation?
> Are credit unions safer than banks?
> What are your thoughts on a possible war with Iran?
> Won't the bailouts save the stock market and stop deflation?
> Why didn't the U.S. dollar crash after the Fed bailed out Freddie and Fannie?
> Bob Prechter, I think you should address the nation in an open letter.
> Does electronic "black box" trading affect markets' Elliott wave patterns?
> What currency could be the safest in a deflationary depression?

Club EWI Members: Click Here

|
|
|
|
|
|
|
|
|
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.