by
Vadim Pokhlebkin
12/3/2008 11:45:00 AM
Scanning forex news headlines this morning (Dec. 3) on four major online news agency websites, I didn't see a single one about the U.S. dollar. To a contrarian, the fact that the media is quiet about the dollar means one thing: Something's about to happen in this market.
Filed Under:
u.s. dollar, forex, Currencies, euro-dollar exchange rate
Category:
Currencies
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by
Vadim Pokhlebkin
11/25/2008 4:15:00 PM
You may know know that since last week, it has rallied strongly – about 600 pips, so far – pushing the exchange rate back up to $1.30 and robbing the buck of its latest gains. Despite the rally, the "triangle" interpretation of the current picture in the EURUSD that we've talked about on these pages last week still stands...
Despite the rally, the "triangle" interpretation of the current picture in the EURUSD still stands
Filed Under:
euro-dollar exchange rate, volatility, triangle
Category:
Currencies
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by
Nico Isaac
11/24/2008 5:15:00 PM
According to the mainstream experts, currency markets move in sync with the overall economy and stock market: bullish news begets a stronger dollar and bearish events, a weaker one. If so, then how do they explain the dollar's recent rally to a two-year high?
Filed Under:
u.s. dollar, greenback, dow jones industrial average, currency
Category:
Currencies
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by
Vadim Pokhlebkin
11/19/2008 5:45:00 PM
What a day. The stock market took a blow on Wednesday (Nov. 19), yes – but look at currencies! The euro-dollar exchange rate, known to currency traders as the EURUSD, started the day quietly range-trading around $1.26, as it's done all this week. Then, at 8:50 AM, all hell broke loose.
Filed Under:
Currencies, u.s. dollar, forex, euro-dollar exchange rate, eurusd
Category:
Currencies
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by
Vadim Pokhlebkin
11/17/2008 4:30:00 PM
Conventional assumptions about market drivers don't work – despite what you hear on the six-o'clock news. In fact, if there is one central point in the Elliott wave-based view of the financial markets (and the society at large), it is precisely this: Events outside the markets have NO trend-forming influence. Don't believe us? Explain this, then...
Filed Under:
us dollar, australian dollar, oil, Commodities, Gold, eurusd, audusd
Category:
Currencies
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by
Nico Isaac
11/12/2008 4:00:00 PM
Right now, the Japanese Yen is nearing a 13-year high against the U.S. Dollar and headlines abound of the great "unwinding" of the Yen Carry Trade. If you think the Bank of Japan is behind the yen's rally, think again...
Filed Under:
japanese yen, yen carry trade, yen, bank of japan
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
Vadim Pokhlebkin
11/3/2008 6:00:00 PM
Market environment – that is, news and views surrounding a market – can help you quite a bit when you're trying to determine the trend. At tops, everyone is super-bullish; at bottoms, they are full of fear. In both cases, that's the time to watch for trend reversals. To understand this concept better, watch this free 6-minute video by Jim Martens, EWI's Senor Currency Strategist.
Filed Under:
u.s. dollar, forex, Currencies, fear
Category:
Currencies
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by
Vadim Pokhlebkin
10/28/2008 10:45:00 PM
On Tuesday, October 28, the euro-dollar exchange rate, known to currency traders as the EURUSD, rallied over 400 points (or pips). In a single day, the huge rally vaporized 4 full cents of the U.S. dollar's recent gains against the European currency. Surprisingly, on Tuesday afternoon the mainstream financial media didn't have much to say about the rally...
Filed Under:
Euro dollar exchange rate, u.s. dollar, irrational exuberance, currency
Category:
Currencies
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by
Nico Isaac
10/28/2008 5:00:00 PM
Over the past few months, Wall Street's favorite watering holes have served up a deadly "stocktail" -- the Un-Surely Temple. Includes: a splash of fear, a dash of uncertainty, and a steady flow of extreme volatility. For those who partake, the hangover only gets worse.
Filed Under:
us dollar, greenback, dollar, us stock market, DJIA, Currencies
Category:
Currencies
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by
Vadim Pokhlebkin
10/21/2008 9:00:00 PM
Why is the dollar gaining? Apparently, hedge funds were "returning to cash in anticipation of massive investor withdrawals." Plus, said analysts, Ben Bernanke's new proposal for another U.S. economic stimulus package added optimism to the dollar's future. Every time I read reports like these, I think of how well they explain the market action – and yet how utterly useless they are for a forex trader. Let me ask you a question...
Filed Under:
Euro dollar exchange rate, eurusd, forex, Bernanke
Category:
Currencies
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by
Vadim Pokhlebkin
10/15/2008 6:15:00 PM
The euro-dollar exchange is hovering around $1.35, as if seeking direction. It will find it sooner or later. In the meantime, we can use this opportunity to learn how to take advantage of the trend when it resumes. Watch this free video, for example.
Filed Under:
forex, eurusd, euro-dollar exchange rate
Category:
Currencies
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by
Vadim Pokhlebkin
10/10/2008 4:00:00 PM
You can't look at this week's action in the U.S. dollar without having your jaw drop. We've already commented on the greenback's stunning strength recently despite several major "fundamental" factors that should have sent it crashing. Here's just a quick list:
Filed Under:
Stock market crash, euro-dollar exchange rate, u.s. dollar, Gold, forex
Category:
Currencies
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by
Vadim Pokhlebkin
10/7/2008 6:00:00 PM
Despite all "fundamental" odds, since mid-July, the U.S. dollar has been gaining strength. The euro vs. dollar exchange rate, known in forex trading world as the EURUSD, has fallen from near $1.60 mid-summer to below $1.35 on October 6. This chart illustrates this incredible 25-cent gain by the greenback...
Filed Under:
euro vs. dollar, forex trading, exchange rate, eurusd
Category:
Currencies
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by
Nico Isaac
9/22/2008 4:30:00 PM
The U.S. dollar and the U.S. stock market are forever joined at the hip in a kind-of three-legged race to the financial finish -- or so the conventional mainstream wisdom would have you believe. Our archive of the lasting trend changes within each market over the past four years begs to differ...
Filed Under:
u.s. dollar, greenback, dow jones industrial average, dollar
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
Vadim Pokhlebkin
9/14/2008 12:00:00 PM
Sometimes, a market rallies or crashes seemingly for no good reason at all. In the stock market, the most vivid recent example of that occurred on September 04, when the DJIA went and lost 345 points. The decline stumped almost everyone, because there was nothing – nothing – in the news that day that could have reasonably explained it. In currencies, I would call the EURUSD’s rally that started on September 11 a good example of the same “mystery move.” Consider the facts...
Filed Under:
forex, eurusd, Euro dollar exchange rate
Category:
Currencies
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by
Vadim Pokhlebkin
9/9/2008 5:00:00 PM
Since mid-July, the U.S. dollar has gained almost 20 cents against the euro. From a currency trader's perspective, that's about 2000 points (or pips) in one direction – down – in less than two months. The best way to describe this action in the EURUSD is – "falling like a rock." What happens next?
Filed Under:
Euro dollar exchange rate, forex trading
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
Jim Martens - Senior Currency Strategist
8/25/2008 7:30:00 PM
Whenever I talk about how to use the Elliott Wave Principle in forex trading, I always spend the majority of the time talking about the price patterns R.N. Elliott provided us with over seventy years ago. Those patterns are the heart and soul of the Wave Principle. But more and more I'm asked prematurely about Fibonacci relationships. Here are some thoughts on that... (EWI's Currency Specialty Service FreeWeek continues through noon on August 27. Keep reading for details.)
Filed Under:
USDCHF, cable, dollar index, double zigzag, flat correction, fibonacci, forex trading, forex forecasts
Category:
Currencies
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