Elliott Wave International NewsWireDaily and weekly commentary from the world’s largest provider of technical analysis of stocks, bonds, currencies, metals, energy complexes and commodities plus social perspective and economic forecasts on inflation and deflation, etc. Free columns include Market Watch – Robert Folsom’s daily commentary on the U.S. financial markets, stock markets, socionomics and economy; Market Report – covering long-term market trends within the U.S.; European Market Watch – discussing the latest...EURUSD (Forex): A Rally You Could Have Seen Coming- July 11, 2008 Few things seemed to spell trouble for the U.S. dollar early this week. But then on Wednesday, the dollar gave back all of Tuesday's gains. And on the morning of Thursday, July 10, the REAL turnaround came: The EURUSD, the exchange rate between the euro and the U.S. dollar, shot straight up, giving the euro the lead. What happened, you ask Here's a Elliott wave explanation.http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... Orange Juice: Drink It In- July 10, 2008 The biggest problem with fundamental analysis is its uncanny ability to point out trends that have long since been in place. Basically, it’s the equivalent of yelling “SURPRISE!” to the birthday manwoman of honor hours after heshe has already shown up to the surprise party. See what we mean with regard to the recent action in Orange Juice...http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... Housing's Freefall Creates Bigger Problems for U.S. Economy- July 10, 2008 The chaos in housing is just the leading edge of a “great transformation,” one that extends beyond real estate to the larger economy and many aspects of our everyday lives. See this story about Fannie Mae's recent troubles.http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... Small Caps: And Then There Was One- July 10, 2008 In the U.S. economic version of Ten Little Indians, the affluent guests of the great Bull Market party of 2002-2007 have had their profits gruesomely bumped off, one by one. Which leaves one sector left standing: Small-capitalization stocks... http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... Stocks AND Oil: Crude Connection- July 9, 2008 According to Main Street, rising crude oil prices are to U.S. equities what a long sharp nail is to a bicycle tire. Nothing sets the record straighter than the straight facts about oil prices verses the DJIA over the past three years...http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... Why I Almost Felt Sorry For the Politicians- July 8, 2008 Apart from the irreconcilable interests at play (lenders vs. homeowners), it's an election year. Even if the politicians do get something passed, it will soon be all-too clear that they've in effect put a band-aid on an amputated limb. Simple arithmetic shows that since August 2007, the average number of foreclosure filings exceeds 7,000 per day. A story in today's Wall Street Journal cited a report estimating that "foreclosures won't peak until the middle of next...http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... (VIDEO) European Stocks: Market Sentiment Tells A Story- July 8, 2008 Investor sentiment in Europe happens to be mediocre right now. The Daily Sentiment Index – where readings below 20 indicate an extremely bearish sentiment and those above 80 indicate extreme bullishness – is not exactly scraping the bottom, but it has seen better times. Watch this free video to learn how to use sentiment indicators to your advantage.http://www.elliottwave.com/clicks/default.aspx?cn=&src=4&url='/features/default.as... |