The EUR/USD and GBP/USD turned according to our forecast to start the week. Now, we are likely entering into a period of more complex consolidation unless we get a strong move towards a weaker USD.
The move towards a weaker US Dollar has been nothing short of spectacular. The good news is it's not yet complete. Tune it to find out.
A Strong Move towards a Weaker US Dollar Last week we saw a breakout of our summer long consolidation and a move higher. This week we should see some profit taking and consolidation of this strong move. For more detailed forecast, sign up for a subscription to our newsletter at http://www.elliottexchange.com/
Look for the US announcements this morning to drive the direction of the markets for the next few days.
We have a very promising week starting in the currencies. There are exciting forecasts on the EUR/USD, GBP/USD, and USD/JPY today.
The existing homes sales annoucement drove the market today as expected. Tomorrow we have initial claims and new home sales on top. Look for more volatility surrounding these annoucements
Had a nice start to the week with the run up and correction that we were looking for on Monday and Tuesday. Looking for the US housing announcements to move the markets today.
Got 2 nice trades in on Friday on the EUR/USD and GBP/USD to put a good end to the week. This week watch for market volatility surrounding Iran's nuclear annoucement due August 22nd.
Looking for a downward move on the EUR/USD and GBP/USD to start the day. Then perhaps a reversal. Tune in and find out.
The markets went lower as expected on Friday to make a nice end to a profitable week. Now, we are at a critical juncture in the market, listen and find out what to look for this coming week.
The markets have moved sideways this week as forecast for Monday. However is this sideways movement coming to an end? Tune in today and find out.
We ended up with a great week with our targets on the EUR/USD and GBP/USD being hit on Thursday and Friday. For the coming week all eyes are on the Fed. The announcements from the FOMC meeting on Tuesday may keep the market quiet for the first part of the week.
We got a nice pop on Tuesday which made our week. Today we are trying to decide if the recent high is a short term high or we have one more push up?
Today might be decision day. Look for volatility surrounding the US announcements. More detailed forecast is available to subscribers at http://www.elliottexchange.com/
No fans of the USD yesterday. We'd given up too early on our alternative forecast from earlier in the week. Should be lots of excitement today.