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.
The EUR/USD and GBP/USD corrected higher overnight then turned lower as according to our forecast. Listen to the forecasted price action for today.
The EUR/USD and GBP/USD turned very near our expected levels and ran down 100 and 150 pips respectively. Todays' podcast tries to answer where we go next. You can also find more in depth analysis by becoming a subscriber to our Forex Forecast service available at the elliott exchange web site. http://www.elliottexchange.com/
The GBP/USD meandered higher as expected on Friday. Now we are coming close to decision time. We expect that the market is close to a huge move. Listen today for more.
The market has been in a tight range. It may be a slow day without and news from the UK or US.
The EUR/USD ran up to our 1.2870 target level before turning lower. The question becomes where will it go next?
The EUR/USD ran into our expected range. Just a short update tonight as we are on the road.
We got our excitement on Friday as expected and this capped off a great week for the Forex Daily Podcast. Next week is shaping up to be equally exciting. If you would like more in depth analysis consider subscribing to our companion service 'The Forex Forecast for the EUR/USD'. It provides more in depth analysis of the current price action on the EUR/USD. More information is available on the Elliott Exchange web site.
The release of the Non Farm Payrolls on Friday should provide tremendous excitement for the markets. We are looking for extreme volatility and potentially a big move. You don't want to be in the markets tomorrow without listening to us first.
We are excited today to launch a companion service to our daily podcasts, the Forex Forcast for the EUR/USD. This Forecast provides detailed charts and commentary to explain in greater depth the market movement that we are describing on our podcast. You don't want to be without it. Visit the elliottexchange.com web site.
The USD/JPY moved exactly as forecasted. This gives us even more reasons to celebrate this holiday week. The markets may be slow with the US markets closed on Tuesday. We will resume our podcasts on Thursday.
We should see wave 4 and 5 early this week on the EUR/USD. National Holidays in the US may make for slow trading the first part of the week.
The FOMC Announcement was like a starter's pistol at a race. The markets took off like a shot afterwards. The EUR/USD ran up making the ideal pattern that we talked about on yesterday's podcast. What's next, tune in and find out.
What do you do when your forecasts are wrong. We examine this topic on today's podcast.
The markets did the grind lower as forecasted last night. Tonight will they switch and grind higher? Listen and find out with our updated forecast.
Trade Psychology is critical to trade success especially after a loss. Today we look at trade psychology in light of todays move on the EUR/USD. In addition we look at our updated forecasts for the EUR/USD and GBP/USD.
