by Adam Hewison We ended 2009 with the overriding consensus that the dollar was going to be under pressure and keep moving lower against the euro. Well guess what, the euro proved to be even weaker than the US dollar as it moved to levels not seen since May of 2009. So what happened? Was conventional thinking wrong, or did the market get it right? We may be at a tipping point where conventional Read more...
EUR/USD: What Moves You?
February 5, 2010 By Leave a Comment
It’s not the news that creates forex market trends — it’s how traders interpret the news.
February 5, 2010
By Vadim Pokhlebkin
Today, the EUR/USD stands well below its November peak of $1.51. Find out what Elliott wave patterns are suggesting for the trend ahead now — FREE. You can access EWI’s intraday and end-of-day Forex forecasts right now through next Wednesday, February 10. This unique free opportunity only lasts a short time, so don’t delay! Learn more about EWIs FreeWeek here.
What moves currency markets? “The news” is how most forex traders would undoubtedly answer. Economic, political, you name it — events around the world are almost universally believed to shape trends in currencies.
A January 14 news story, for example, was high up on the roster of events that supposedly have a major impact on the euro-dollar exchange rate. That morning, the European Central Bank announced it was leaving the “interest rate unchanged at the record low of 1% for an eighth successive month.” (FT.com)
FreeWeek through February 10 at Elliott Wave International
February 4, 2010 By Leave a Comment
It’s FreeWeek at Elliott Wave International! Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they’ve thrown open the doors to some of their most popular paid services to non-subscribers for one week only. You can access EWI’s intraday and end-of-day Forex forecasts right now through next Wednesday, February Read more...