Search Results for "Currencies"
Jim Martens, our Currency Pro Service editor, gives you his take on whether or not the June 23 Brexit vote will determine the trend in the British Pound, GBPUS.
As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI's currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks.
A new day has dawned as the world's largest economies adopt a pro-currency devaluation stance -- led by China. So, what really happened to change their minds?
Chart of the Day | Earlier this week, our "Chart of the Day" video showed you a long-term U.S. Dollar Index chart. Now look what happened since then...
China's economy is slowing. Its stock market began to crash back in July. And, the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank. Speaking of that...
Market psychology will take prices up or down with or without the news. The advantage you have with Elliott waves is that while other traders are reacting, you can be proactive. Case in point: USDJPY.
Love or hate December's infamous volatility, if you choose to trade this month, you have to deal with it. And this December has certainly been volatile. Take EURUSD, the world's biggest forex market...
This week promises to be big on economic news. Meanwhile, EURUSD, the world's biggest forex market, has been trading lower and lower over the past few days, as the U.S. dollar got stronger. How might the upcoming events impact this trend?
If you've been observing the Japanese yen purely from the perspective of market fundamentals since January 29th, you'd most likely be perplexed. Here's why...
Elliott waves and sentiment extremes often anticipate financial market moves that baffle mainstream market observers. For example, a recent surge higher in the euro was called a "mystery move." Here's what we called it.
Two days before the New Year’s Eve, I got an insistent email from a colleague. Jim Martens, our Senior Currency Strategist, sent me a message with only a subject line: “Sell those euros. Sell'em.”
Between mid-January and March 31, the Canadian dollar (nicknamed "loonie") went from a near record low -- to a five-month high. The currency's dramatic performance may seem "loony," but in fact, it's just what the Elliott wave script called for.
The EURCAD's recent nosedive to a one-month low shows you how Elliott wave analysis has a very real place in the world of forex trading. Plus, a special "Black Friday" (Nov. 21) deal awaits you.
The dust settled after last week's Fed meeting, the focus has shifted to their next meeting in October, the interest rate hike option is still on the table -- and so, the U.S. dollar is stronger... but what happens next?
What gives Elliott waves the ability to warn you about trend changes before the news? The answer begins with a conversation about what the markets’ true driver is.
In February 2011, sugar prices reversed from a 30-year high to embark on a 40% crash to one-year lows. Turns out, sugar's 2011 bear market was following an Elliott wave "triangle" script. Here's why forex traders of one particular currency pair will want to pay attention to sugar's past... now.
Michael Madden, who forecasts cross rates for our Currency Pro Service, tells you about the volatility following the historic Brexit vote.
Our Global Opportunities Expert, Chris Carolan, discusses Monday's sharp declines in China's Shanghai Composite and Germany's DAX, and then he shares his outlook for the global markets based on the regional currencies.
The U.S. dollar surged in the wake of Britain's decision to leave the European Union. But the greenback's upward trend started several weeks before the June 23 vote. See how the Wave Principle can help you spot trend turns, even when professional speculators are betting the other way.
On May 3, the EURUSD turned down (i.e. falling euro, rising U.S. dollar) in a powerful reversal to two-month lows on May 20. Turns out, the euro's sell-off was not in the popular, Fed-led script handed out by mainstream analysts. It was, however, in the Elliott wave one.
In mid-2015, the Japanese yen stood at a near 13-year low against the U.S dollar. And, according to mainstream wisdom, the yen's downside fate was sealed by the B.O.J's ongoing commitment toward monetary easing. And yet -- the yen rallied?
Technical indicators will often help you catch trend reversals before the news. This week, forex markets gave us an example of Elliott waves doing just that -- in EURUSD, the euro-dollar exchange rate and world's most popular forex market.
In part two of this essay, our Currency Pro Service editor, Jim Martens, explains how to think of the Elliott Wave Principle as your road map to the market -- and your investment idea as a trip.
On June 24, the British pound plummeted to a 31-year low on the back of its steepest single-day fall ever! What caused cable to crash, you ask? Well, according to some experts, the Brexit vote is to blame. We, however, have a different explanation.
Watch what helped Jim Martens, editor of Currency Pro Service, prepare his subscribers early for the violent reversal and historic sell-off in the British pound.
In March, the Japanese yen served us a great lesson in Elliott wave "triangle" price pattern. Watch this free 4-part video series where our Currency Pro Service editor walks you through this high-confidence opportunity step by step.
With the world's attention focused on the stock markets for the past two weeks, it's easy to overlook what's been happening in EURUSD, the euro-dollar exchange rate and the world's most-traded forex market.
"EURUSD plunged after ECB President Drahgi announced that there are 'no limits' to how far the ECB will deploy its tools. The problem with blaming euro weakness on his comments is that the decline started earlier, much earlier."
Are you curious about our analysts and their background? Our Senior Currency Strategist, Jim Martens, started following markets in the 1980s. In this new interview, you'll learn how he got his start in markets, and how the flexibility of the Wave Principle enhances your market analysis.
The editor of our forex-focused Currency Pro Service, Jim Martens, shows you that although EURUSD has gone "nowhere" recently, there are plenty of opportunities on the horizon.
You've heard of "Brexit," a potential huge shake-up for the EU. So it's no wonder that when London's mayor Boris Johnson announced on Feb. 21 that he's in favor of "Brexit," the British pound fell hard. ...Or so goes the mainstream explanation.
For the past two months, EURUSD, the world's most-traded forex market, has made almost zero net progress -- until now. This chart shows you the long sideways trading range stretching back all the way to December.
In March, the Japanese yen served us a great lesson in Elliott wave triangles, high-confidence price patterns. Watch the first video of this 4-part video series where our Currency Pro Service editor explains what a triangle in USDJPY on March 2 implied for the trend.
On the heels of the Brexit vote, the British pound -- or cable, as it's known to forex traders -- crashed to a 31-year low. In retrospect, that makes sense. But what about AHEAD of the vote? Watch this video for some surprising answers.
Jim Martens explains why his "ideal subscriber" is a forex trader who thinks for himself and only uses Jim's analysis as a "sounding board" for spotting high-confidence trade setups.
Tony Carrion, one of our Currency Pro Service analysts, tells you how he uses Elliott waves in his analysis and why hearing an interview with Bob Prechter was a "game changer."
In March, the Japanese yen served us a great lesson in Elliott wave triangles, high-confidence price patterns. Watch this 4-part video series where our Currency Pro Service editor spots a triangle in USDJPY and follows it as it unfolds in real-time in the coming days.
In March, the Japanese yen served us a great lesson in Elliott wave triangles. Here's the 2nd video of this 4-part series where our Currency Pro Service editor gives you an update on USDJPY's high-confidence price pattern as it developed.
Jim Martens, editor of our Currency Pro Service, has been using Elliott wave analysis since the mid-1980s -- on forex markets, for most of that time.
We here at EWI first discussed Bitcoin when the currency traded for pennies. What are Bob Prechter's thoughts on this digital currency?
While it's true that forex trading can be a challenge, Jim Martens makes understanding the rules and guidelines easy... Check out this excerpt from one of Jim's DVD.
In this timeless interview, editor of EWI's Currency Pro Service explains how the forex market "inflicts pain" on most traders by reversing just as they get comfortable with a trend -- and how you can avoid the same mistake.
On January 5, the euro plunged to a nine-year low against the U.S. dollar. The reason why has nothing to do with Greek politics or a beefed up stimulus plan by the ECB...
From its May peak, the EURUSD has fallen 10% to a 2-year low. Many forex traders may feel "cheated" by the dramatic decline, especially if they never saw it coming.
You've seen it before: Before a major news announcement -- like a Federal Reserve statement -- the market first swings wide, then the swings narrow down, then get narrower still...until the price simply goes sideways. At moments like these, what is your trading plan? This may help you next time -- watch.
Elliott wave analysis has only three rules. Beyond those, there are many guidelines for wave formation. But a guideline is just that -- a guideline, while a rule is... well, something you cannot violate. Or can you?
Here's a classic example of Elliott wave forecasting in forex markets. It's a trade set-up you'll see again and again.
The sell-off in dollar-yen, or USDJPY, has been in the news a lot. "USDJPY Takes Out Stops, Plunges Under 101: Drags Stocks To New Lows," said a Zero Hedge headline yesterday. (Japan's Nikkei fell another 4.2% today.)
Wow, how far we've come. A year ago, saying that the euro and U.S. dollar would soon reach parity would have been laughed at. At the time, the euro-dollar exchange rate was trading near $1.40. By March of this year, it fell about four cents away from parity. Will it get there?
EURUSD fell to a new low for the month today, below $1.07. You can read a variety of explanations about why that happened. Yet none tell you what should happen next. Elliott waves, on the other hand, do.
You'll find many explanations in the news why USDJPY is trading near the highest point since 2002. Most of them have one thing in common: They rationalize the move which has already happened. Well, here's a different perspective -- watch.
Elliott waves allow you to see before the news which way the collective psychology of market participants is leaning. If traders feel bullish…
Jim Martens, our Senior Currency Strategist, talks about how he's stayed a step ahead of recent moves in EURUSD -- and why now is a critical time for the currency markets.
chart of the day | The Elliott wave pattern and the extreme sentiment show us the direction the trend in the euro should take next -- plus the specific price points to watch, which will help confirm the forecast.
Days before the ECB announcement, EURUSD charts began to show a high-confidence Elliott wave pattern called an "ending diagonal." It almost always introduces fast trend reversals -- up, in this case. You can see this price pattern here...
Whatever the Fed says around 2 PM Eastern on December 16, a surge of emotion will be visible in the markets. Emotions are natural drivers of price trends. And no method allows you to track the markets' collective emotion quite like Elliott waves do. So, here's what we know...
The market-forecasting method I employ every day has been around since the 1930s. Yet, it works as well as, if not better than, any new-fangled, expensive, computerized technical analysis package I've seen. My method is a form of technical analysis based on...
The U.S. dollar has gotten a lot stronger lately, and you'll find many "fundamentally" based reasons for that. But watch our Senior Currency Strategist explain how more than a month ago, Elliott wave patterns in four separate forex markets already warned of the U.S. dollar strength.
On November 16, GDP data confirmed Japan had fallen back into a recession. No two-ways about it. Yet, the Japanese yen had more than two ways to react to the news...
On October 22, EURUSD, the world's most popular forex market, fell sharply -- and it was widely blamed on a statement by the president of the European Central Bank, Mario Draghi. Now, watch the move explained from the Elliott wave perspective.
There was no shortage of U.S. dollar bears during the 2007-2009 financial crisis. But the greenback defied the negative sentiment and now trades near 100. See what could have helped you anticipate that sharp bounce.
A little while back, we wrote that, after a big drop in the euro, its Elliott wave patterns called for a rally. It was a "terminal thrust" lower from an Elliott wave triangle pattern that tipped us off to the coming bullish turn in EURUSD...
The euro plunged Thursday morning in a most dramatic fashion. Analysts rushed to blame the ECB's president Mario Draghi. But here's why the sell-off was in the cards well before his statement. Let's let these two charts do the talking.
Last Friday (Oct. 2) at 9:06 AM, the editor of our Currency Pro Service, Jim Martens, emailed me with a three-letter subject line: "EUR."
Blaming the euro weakness on "negative inflation" -- or, deflation, if you call a spade a spade -- is a logical choice. After all, the euro did get weaker after the report. However, if you look at these EURUSD charts, you'll see that this weakness started days ago.
The euro fell sharply against the U.S. dollar on Sept. 3. Analysts put the blame on a statement by Mario Draghi, the European Central Bank president. But, while the EURUSD drop coincided with the ECB president's statement, it was not caused by it. See for yourself.
EWI's Chief Currency Strategist discusses the EURUSD 1,200-pip "roundtrip."
Jim Martens, editor of EWI's Currency Pro Service, discusses recent price action in EURUSD and explains why he's looking for the euro to start another leg down -- and for the U.S. dollar, another leg up -- very soon.
On Sept. 23, the Canadian dollar fell to an 11-year low against the U.S. dollar. Two weeks earlier, EWI's Senior Currency Strategist posted this video forecast, explaining why USDCAD presented a bullish opportunity. Watch this great lesson in Elliott wave forecasting now.
Robert Kelley covers cross rates for our Currency Pro Service. In this interview, Robert tells you which cross rates opportunities he's most excited about.
This U.S. Dollar Index chart is as straightforward as it looks. It's a longer-term, weekly bar chart. The Elliott wave pattern is crystal clear, yet is still in progress. From the low in April 2011, 4 waves are in place, exactly as the blue labels show: 1, 2, 3, 4...
Think the latest rally in the euro was the result of "good news" from Greece? Think again. Watch our Senior Currency Strategist explain what's really behind the moves.
There are many ways to describe the 2014-2015 rally in the U.S. dollar to 12-year highs. One of those ways happens to be an Elliott third wave in action...
Every forex trader knows that some trading days, you and the market just "click" somehow. And then there are days when just about every trading decision turns against you. Have you ever wondered why those "good" vs. "bad" days happen to begin with?
On Monday (June 29), the world woke up to the ever-more-real possibility of a Greek default. The U.S. dollar gained, and EURUSD fell on the news. But then, just as abruptly, the euro sell-off reversed and completely erased all dollar gains. What happened?
Hard to believe, but the barrage of news stories this week has already overshadowed the Greek bailout. Yet, price action in EURUSD around the time Greek deal was reached gave us a cool lesson in Elliott wave forex trading -- so let's take a quick look back.
On Aug. 11 China shocked global markets by devaluing its currency, the renminbi, by almost 2%. Yet, if you looked at your forex screens Tuesday morning, after the initial devaluation, you could hardly tell that anything had happened. Why?
Remember how during the time of the Greek bailout a couple of weeks ago, the euro didn't seem to "know" which way to go next? There is a reason for that, says The Wall Street Journal: carry trade.
Blaming the euro weakness on Greece is easy, yet that doesn't give you almost any objective measure of just where the euro's slide may stop. Here's why you may find technical analysis more helpful in this volatile environment.
This week started slow for EURUSD, the world's biggest forex market. The euro fell a little on Monday and rose a little on Tuesday. ... And then the bottom fell out. Here are two perspectives on what happened.
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Correlation does not mean causation. Watch this new video by Jim Martens, the editor of our forex-focused Currency Pro Service, to understand why GBPUSD was destined to fall, news or no news.
Much like a cardiogram can show a doctor how the patient's heart is doing, Elliott wave patterns on a price chart can show you which way the market's collective psychology is about to take prices -- before the news, or without any news, period.
When on October 4th the British pound fell to a new low for the year -- and a new 31-year low -- the explanation was simple: Brexit. But if the timing of the slump seems almost accidental, from an Elliott wave standpoint, it was no accident at all.
Here's what we know from three-plus decades of observing markets: When prices move in a sideways, choppy fashion -- it’s a corrective pattern. That is to say, the market is making a “pause” within the larger trend; the actual trend should soon resume.
In this interview, our Senior Currency Strategist and editor of the forex-focused Currency Pro Service tells you what to expect during the Forex FreeWeek (Oct. 19-23).
Let's talk about the Dollar Index. Not with one chart, but with three charts of the Index. Because, they show we mean when we say, "Textbook Elliott Wave Pattern." Five up, three down...
Why would the British pound rise on the news that Brexit needs approval from the British parliament? Well, you could argue that the markets, unsure of Brexit's ultimate economic impact, showed their approval for a delay in the process. Yet, here is another explanation...
Last week, the financial world had its eyes fixed on the Fed chair Janet Yellen's speech in Jackson Hole, as traders considered how her words would impact the markets. Dozens of articles later, one perspective was still missing almost entirely from the mainstream discussions...
EWI's Chief Currency Strategist discusses the EURUSD 1,200-pip "roundtrip."
Today, EURUSD fell to a low not seen since March. From an Elliott wave perspective, the reasons are plenty. We’ve explained them in a recent article; the latest slide fits well into EURUSD’s big picture. More importantly, Elliott waves are already peeking around the next corner.
Was there anything to suggest -- BEFORE the failed coup attempt in Turkey -- that the Turkish lira would see a hard sell-off? See for yourself.
Learn how the Elliott Wave Principle enhances your market-forecasting ability by giving you market "context." Our Currency Pro Services analyst Michael Madden explains.
On September 8, ECB President Mario Draghi decided not to extend the Continent’s QE program and to keep interest rates pat. Right away, the euro rallied to a two-week high... only to embark on a powerful sell-off shortly after. The reason why might surprise you.
Jim Martens, editor of our Currency Pro Service, discusses his long-term view of the U.S. dollar and euro.
Often during Thanksgiving week, markets quiet down. Not so this year. The Dow made a new all-time high on Wednesday -- and in forex, the euro slid to a new post-election low. Let’s talk about that.
On December 1, the British pound soared to a three-month high against the euro. Some investors may find the move shocking, considering the British unit was supposed to be strangled by the Brexit albatross. There's only one way to explain it.
The U.S. dollar remains in an uptrend that's been unfolding for nearly nine years. Can a magazine cover really help point to which way the trend will go from here?
Last week the euro fell hard. The reason was plain to everyone: the Fed's decision to hike interest rates. But can you imagine another post-rate-hike argument -- this one, against the dollar? It might go something like this...
For nearly two years, the euro has been mired in a sideways holding pattern... until now. In late November, the currency woke DOWN from its sideways slumber and plunged to a 14-year low against the U.S. dollar. The reason for the euro's crash might surprise you.
2016 was the year of political surprises. First was the shocking Brexit vote in June. Then, the surprise Donald Trump victory in November. Both moments saw a lot of volatility in the financial markets. Yet, while it’s tempting to say “of course” and blame volatility on the news, the reality is not so black-and-white. Case in point: the British pound.
Whether you look at other markets, politics or something else to explain a market move, you’re explaining a move that’s already happened. And for a trader, the real question is, "What will the market do tomorrow?" Let's look at how Elliott wave analysis handles it.
Rather than revive demand for Chinese exports, the August 11, 2015 devaluation of China's currency has fueled a capital flight by China's own citizens and businesses. The practice is called "smurfing," and here's why...
The moving average is a technical indicator which has stood the test of time. EWI Senior Analyst Jeffrey Kennedy shows you how to spot high-confidence trading opportunities using moving averages. Two charts provide examples.
EWI's Asian-Markets expert, Chris Carolan, has been regularly covering the Chinese yuan since 2014. See how his stunning two-year forecast proves this "manipulated" currency isn't unpredictable through the Elliott Wave method.
Many U.S. dollar bears have expected inflation to trigger a collapse in the greenback. But inflation has been missing in action. Only one asset is sure to gain value during deflation.
In the past month, gold saw a big spike in volatility. Commentators pointed to the U.S. presidential election as the cause. But Elliott wave analysts made a forecast for volatility in gold when the CBOE Gold ETF VIX index had been trending lower, and made no mention of the election. Here's what we saw.
If you trade with Elliott, you may use supporting indicators in your analysis of the markets. Here's a brief lesson that shows you three ways that moving averages can help you determine the market trend.
At the start of 2016, India’s S&P Nifty Index was circling the drain of a 21-month while India’s rupee clung to an all-time-ever low against the U.S. dollar. But then the unexpected happened -- both the Nifty and the rupee hit bottom. Yet -- while the one continues to soar in a bull market rally, the other one sputters...
Our Global Opportunities Expert Chris Carolan explains how the Wave Principle helps you navigate the recent uncertainty associated with European markets.
Albert Einstein's observation that opportunity lies within every difficulty often applies to financial markets. When the fundamentals are at their worst, most investors flee. But they run away from the beginnings of potentially rewarding trends. See what the Wave Principle reveals about an important emerging market sector.
The era of the industrial robot has arrived, and our Global Market Perspective pinpoints opportunities. The share price of Fanuc Corp. tripled after our analyst identified the early stages of a fifth-wave thrust. More recently, the robot revolution has taken a breather. Expand your investment horizon now.
Germany served as an anchor of stability during Europe's sovereign debt crisis. The nation is the Continent's largest economy. Even so, Germany's stock market now looks poised for increased volatility. Also, take a look at this downtrending stock chart of the country's largest steel maker.
Global political leaders and CEOs of major companies have a privileged perspective on the world. But even they can steer investors in the wrong direction. Right now, emerging markets appear ripe with opportunity, contrary to the "experts'" forecasts. Take a look at these two charts.
The stock market's price history consists of recognizable patterns at all degrees of trend. The chart of one European bourse shows a bull market has ended at five degrees of trend. It now appears that Minor wave 3 is unfolding.
A classic "head and shoulders" pattern is showing up in the FTSE 100. If prices slice through the neckline, how far can investors expect the FTSE 100 to fall? Learn about the head and shoulders measuring formula.
With the help of the Wave Principle, you can spot investment opportunities when the fundamentals are at their worst. Emerging markets are a good example. Review this chart and commentary from our Global Market Perspective.
On January 15, 2015, the Swiss National Bank abruptly ended its three-year-long exchange rate target for the Swiss franc of 1.20 against the euro. However, the news wasn't a shock for everyone -- here's why.
The list of countries joining the currency devaluation bandwagon keeps growing. But how effective is this strategy really for restoring economic growth?
"Open Sesame" is the phrase that opens the door to treasure. A Chinese entrepreneur was inspired by the story of Ali Baba and the Forty Thieves and named a company that has yielded vast riches. One of our Global Market Perspective editors provides analysis of Alibaba Group.
Our Global Market Perspective editors have spotted two compelling investment ideas in Australia. We first show you Australia's big stock market picture. Then we focus on the charts of two Internet companies.
When ECB president Mario Draghi launched the first-ever Euro-QE in March 2015, it was hailed as the "death of deflation." But now, after six months, deflation is back in the eurozone...
Welcome to the world of half-century loans at 1% and a 100-year note at a yield of 2.35%. One of our Global Market Perspective analysts says the European bond market has entered a realm of "sheer lunacy." These two charts help to explain.
Your next car might drive itself. Advanced computer chips, software and sensors make this possible. These two driverless companies flash bullish wave patterns. Our analyst says hop on board now.
Investors can get badly hurt when a financial bubble implodes. But, if you're positioned properly, downtrends can be your friend. One of our Global Market Perspective analysts examines a sector in Australia that may be on the cusp of a significant move. See the chart and read the commentary.
Big Italian banks are weighed down by hundreds of billions of dollars of non-performing loans. There's fear of a systemic financial crisis. Depositors may find themselves on the hook. Now is the time to prepare for a deflation that will likely extend far beyond Italy.
Robert Kelley tells you how he uses divergences between related markets -- and what they're telling him now about the markets he follows.
Back in 2014, our analysis saw the Chinese yuan’s 8-year long rally coming to an end despite the People’s Bank’s accommodative policies.
On November 15, the Chinese yuan tumbled to its lowest level since December 2008. You may be surprised to learn that the seeds for the yuan's current crash were planted long before the supposed bearish "trump" cards of a Trump presidential victory and the 2015-6 yuan devaluations.
As 2017 began, all fundamental signs pointed DOWN for China’s ever-depreciating yuan. Three weeks into the year, and the yuan is on a very different course; namely, up! Look no further for an explanation.