by
Vadim Pokhlebkin
12/3/2008 11:45:00 AM
Scanning the forex news headlines this morning (Dec. 3) on four major online news agencies, 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
11/19/2008 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
11/3/2008 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
10/15/2008 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
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
Editorial Staff
8/18/2008 9:45:00 PM
At Elliott Wave International, we have been forecasting the markets for 30 years. We can help you understand how the markets work and teach you a popular forecasting method that may help you formulate a trading strategy: Elliott wave analysis. It's a method many traders use, because it helps you to accomplish three crucial goals: Identify the trend, stay with it, and know when the trend is likely over. And you're in luck! Because from noon to noon on August 20 through August 27, you can have full, free access to Elliott Wave International's forex forecasts. Click for details.
Filed Under:
forex, forex trading, online currency speculation, forex brokerage firms, currency trading, how the markets work
Category:
Currencies
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by
Vadim Pokhlebkin
7/16/2008 9:15:00 PM
A little after 5 AM Eastern (New York) time on Tuesday, July 15, the euro hit a new all-time high against the U.S. dollar: just under $1.6040. Markets move for a reason, goes the conventional wisdom, and it's doubly true when it comes to major moves like that. Interestingly, though, the EURUSD rallied to the new high after an economic report showed that "investor sentiment in Europe's largest economy, Germany, is at a record low." How come? Here's an Elliott wave take on it.
Filed Under:
eurusd, forex, Germany, investor sentiment, Bernanke, tichet, forex trading
Category:
Currencies
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by
Vadim Pokhlebkin
7/1/2008 6:30:00 PM
On Thursday, July 3, the European Central Bank is expected to raise interest rates by 0.25%. That same day, economists expect the U.S. jobs number to show a 60,000 reduction. Question: How would the two events affect the U.S. dollar's standing against other currencies?
Filed Under:
european central bank, interest rates, u.s. jobs report, euro vs. dollar, eurusd, forex, currency traders, Nonfarm Payrolls
Category:
Currencies
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by
Vadim Pokhlebkin
6/25/2008 6:15:00 PM
Now that the Federal Reserve left U.S. interest rates unchanged and the U.S. dollar lost on the news, the question is: Was that all of the "pressure" the USD would see, or is there more to come? Here's a chart Elliott Wave International's Currency Specialty Service showed right before the Fed's announcement on June 25...
Filed Under:
european central bank, inflation, eurozone, U.S. Dollar Index, interest rates unchanged at 2%, forex, eurusd exchange rate
Category:
Currencies
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by
Vadim Pokhlebkin
6/18/2008 5:30:00 PM
There is a persistent belief among many forex traders that trends in various global markets have a profound influence on the trends in currencies. But can you really forecast the trend in one market based on another with consistent results?
Filed Under:
usd, forex, us dollar index, DJIA
Category:
Currencies
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by
Vadim Pokhlebkin
6/6/2008 8:45:00 PM
What an incredible rally in the EURUSD we've seen on June 5 and 6. On Tuesday, June 4, after Ben Bernanke said the Fed "is watching the dollar," the buck gained close to 200 pips against the euro. Wednesday's trading was very quiet, and it did seem like tables were indeed turning for the dollar. But then on Thursday…
Filed Under:
ben bernanke, Fed, us dollar, eurusd, forex, currency trading
Category:
Currencies
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by
Vadim Pokhlebkin
6/4/2008 5:00:00 PM
If you trade forex, you've probably been watching the current action – or, rather, lack of it – in the euro-dollar exchange rate and wondering what's going on. The action has been pitiful: After falling almost 200 pips in a matter of hours on Tuesday (June 3), the EURUSD entered a sideways trading range that has continued for… well, almost 30 hours, as of this writing. How will it end?
Filed Under:
eurusd, forex, trading range, Initial Jobless Claims, Nonfarm Payrolls
Category:
Currencies
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by
Vadim Pokhlebkin
5/27/2008 5:30:00 PM
Watch this free video clip EWI's own Jim Martens recorded for his Currency Specialty Service subscribers on May 9. If you remember, at that time, the USD had gained strongly, and rumors were flying that it would gain even more. But watch this video and see how simple Elliott wave techniques can help you bet against the crowd's opinion…
Filed Under:
u.s. dollar, oil, Federal Reserve, european central bank, eurusd, euro-dollar, forex
Category:
Currencies
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by
Vadim Pokhlebkin
5/20/2008 5:15:00 PM
Do you ever get the feeling that the conventional market analysts quoted in the financial press are, all to often, a step behind the curve? They try hard to explain how news stories or actions in one market are responsible for reactions in another, and they are very good at it. For example, when the U.S. dollar gained against the euro on Monday (May 19), they said...
Filed Under:
u.s. dollar, euro, eurusd exchange rate, forex, Fed's minutes, Germany's Ifo Business Climate Index, U.S. jobless claims, Consumer Confidence Survey, Existing U.S. home sales
Category:
Currencies
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by
Vadim Pokhlebkin
5/12/2008 5:30:00 PM
The newswires trumpeted the dollar's slight gain in the post-weekend trading as a sign that the greenback's decline is over, citing numerous "speculations" and "rumors." Too bad the dollar reversed on Monday morning and slid significantly against major currencies, losing almost 200 pips to the euro. EWI's Currency Specialty Service, however, has held a bearish view on the USD since Friday. Why? In short, because there is speculation – and then there are facts...
Filed Under:
forex, Federal Reserve, interest rates, dollar futures, eur/usd, forex news
Category:
Currencies
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by
Vadim Pokhlebkin
4/30/2008 3:45:00 PM
On Wednesday morning, forex analysts speculated that the U.S. dollar was "headed for its first monthly advance against the euro." But after the Federal Reserve anounced its rate cut at 2:15 PM, the dollar lost instead. What happened?
Filed Under:
currency traders, Federal Reserve, interest rate cut, u.s. dollar, euro-dollar, eurusd, forex
Category:
Currencies
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by
Vadim Pokhlebkin
4/24/2008 6:30:00 PM
Since Tuesday (April 22), the EURUSD lost close to 400 pips, or four cents. As usual, the question on every forex trader's mind is – why is the dollar suddenly gaining on the euro?
Filed Under:
forex, euro-dollar, business confidence germamy, U.s. durable goods report
Category:
Currencies
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by
Vadim Pokhlebkin
4/3/2008 7:45:00 PM
"4/01/2008 - Tuesday was a great example of why patience in the market is so important for most traders. When I first looked at the chart of the Dollar Index, I saw a rally that had retraced just about 61.8% of the prior decline..."
Filed Under:
currency, trading, forex, USD-JPY, USD-CAD, dollar Index
Category:
Currencies
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