Trading plan 20.11 – 24.11.2017 The overall picture: Merkel’s problems with the government caused the Euro to decline. Unexpected news came out on Sunday: Merkel could not form a majority in the parliament (failed to create a ruling coalition) – and now, most likely, there will be new elections. Merkel’s problem arose with the Free […]

Our Chief Commodity Analyst on what’s next for Commodities Part 2 of this interview – where Jeff reveals if the recent trends across commodities will continue — is reserved for our subscribers. Visit the link below to learn more about Commodity Junctures and to subscribe risk-free. http://www.elliottwave.com/ElliottWaveTV/Commodities—And-the-BIG-Picture-Trend-Is Learn How the Wave Principle Can Improve Your […]

The positive social mood that drives a bull market in stocks also drives art market prices. Just recently, this painting sold for a record-shattering $450 million. Learn how other record-high prices in the art world coincided with turns in the DJIA.

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Political noise in Germany continued to draw markets’ attention during the European trading hours as the economic calendar was lacking major releases and any progress on the US tax reforms was expected only after the Thanksgiving holidays. The Euro was on track to erase losses made in the previous session but dovish remarks by the […]

There’s expected to be few drivers for the US dollar this week, with investors likely to shrug off data releases and the FOMC minutes ahead of the Thanksgiving holiday, with the focus firmly on the tax plan, which is facing a crucial vote in the Senate. The US Census Bureau will publish its monthly advance […]

It’s 3 PM GMT on this Monday, so let’s look back at what’s been moving and shaking in the currency markets. As usual, we start with the mover of the day, which is Pound/Swiss Franc. It started moving higher after 3 o’clock in the morning, gaining a total of point 6%. Two currencies are tied […]

Owning or trading BITCOIN might seem like a dream for most people, especially since the cryptocurrency reached an unprecedented high – breaking through the $8000 level today on November 20th. And each time it inches up a little more – another person out there mutters “If only I had…”. What if I told you there […]

USD/JPY is under pressure.The technical outlook of the pair is negative as the prices recorded lower tops and lower bottoms since November 16. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index is capped by a falling trend line since November 16. To conclude, below 112.50, […]

USD/CHF is expected to trade with a lish outlook. The pair remains above its key support at 0.9945. The rising 50-period moving average is heading upward now, and should continue to push the prices higher. Last but not least, the relative strength index lacks downward momentum, calling for a new rise. Hence, as long as […]

USD/CHF is expected to trade with a bullish outlook. The pair remains above its key support at 0.9945. The rising 50-period moving average is heading upward now and should continue to push the prices higher. Last but not least, the relative strength index lacks downward momentum and calls for a new rise. Hence, as long […]

GBP/JPY is expected to trade with a bullish outlook. The pair bounced off its nearest key support at 147.65, and is likely to challenge the resistance at 149.25. Both the 20-period and 50-period moving averages are heading upward now, and should continue to push the prices higher. Last but not least, the relative strength index […]

Europe is grinding away at an “agonizingly slow topping process” In this new interview with Brian Whitmer, the editor of our European Financial Forecast, he tells you why Europe is in the midst of a long, slow topping process. Find out what this slow top suggests for markets and the EU as a whole. Get […]

Our Chief Energy Analyst gives you his outlook for Crude & natural Gas Steve Craig, the editor of our Energy Pro Service, discusses recent price action across crude Oil and natural gas. Watch this new interview below to learn why he believes recent price action is significant. Editor’s note: Part 2 – where Steve reveals […]

The BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $8,136. Hundreds of thousands of dollars worth of BCH is languishing in segwit addresses. The funds were mistakenly sent there by users who have no easy way of differentiating segwit and non-segwit addresses. Retrieving the funds is difficult, but […]

It looks like this week’s most important event is Thursday’s Thanksgiving Day in the US, which has implications for the global market. The week will be shorter, so traders and investors in the US will leave for home early. This situation would mean a lack of incentives to play long-term subjects, and even short-term speculation […]

Venezuela has gone bankrupt. International Swap and Derivatives Association (ISDA) has announced that Venezuela has gone bankrupt. The same verdict was announced in the case of the state-owned fuel concern Petroleos de Venezuela SA. The unanimous decision of the ISDA committee, in which the blatant delays in regulating the obligations of both entities constitute the […]

Recently, the EUR/USD has been trading sideways at the price of 1.1784. According to the 15M time – frame, I found a bullish flag in creation, which is a sign that selling looks risky. I also found the oversold condition on the stochastic oscillator, which is another sign of strength. My advice is to watch […]

NZD/USD is rebounded from 0.6795 and expected to trade with a bullish outlook. The pair has struck against its key support at 0.6795, representing a horizontal level and the current 50-period moving average. The relative strength index is bullish, without showing any reversal signal. In which case, as long as the support at 0.6820 is […]

Overview: The EUR/USD pair continues to move upwards from the level of 1.1646. Last week, the pair dropped from the level of 1.1666 to the bottom around 1.1562. But the pair has rebounded from the bottom of 1.1562 to close at 1.1783. Today, the first support level is seen at 1.1731, the price is moving […]

Overview: For a long time, the GBP/USD pair is still moving upwards above the level of 1.3017. The first support level is currently seen at 1.3017. The trend is still set above the level of 1.3017 for that the price is moving in a bullish channel now. Furthermore, the price has been set above the […]

Recently, the USD/JPY has been trading sideways at the price of 112.24. According to the 15M time – frame, I found that price is trading below the pivot level at the price of 112.42, which is a sign that sellers are in control. I also found a bearish flag in creation, which is another sign […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

GOLD BULLION slipped together with Silver and platinum ahead of the US open on Monday, down 0.5% from last week’s 1-month high just below $1300 per ounce as world stock markets fell following the weekend’s collapse of coalition government talks in Germany.   With pundits calling it Germany’s “worst political crisis in decades”, current Chancellor […]

We’re halfway through this week’s first trading day; let’s look back at trader performance and rate movements. Euro/Dollar’s initial rise of 84 pips was followed by a correction, but it still stood point 35% in the green at noon. Trading has been very active, and the neutral trader’s sentiment stands at 3% long. Bulls have […]