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  • How Safe Is Your Bank, Really?
    By Nico Issac So far in 2010, the number of US bank failures has reached 25, a rate of two per week. This compares to 25 total bank failures for ALL of 2008, and three for 2007. The benchmark KBW Bank Index still stands 60% below its 2007 peak, while one-third of all US banks reported [...]

  • Paper Trading Is NOT What Will Teach You To Trade
    By Editorial Staff This is an excerpt from Elliott Wave International’s free Club EWI resource, "What a Trader Really Needs to be Successful" — a classic Special Report by EWI’s president Robert Prechter. … 3. Experience. Some people advocate "paper trading" as a learning tool. Paper trading is useful for the testing of methodology, but it [...]

  • Daily Forex Analysis – March 12, 2010
    USDJPY Analysis. USDJPY’s bounce from 88.14 extended further to as high as 90.82. However, another fall towards 89.63 key support is still possible later today, a breakdown below this level will indicate that the downtrend from 93.75 (Jan 7 high) has resumed, then deeper decline could be seen to 87.00-87.50 area. [...]

  • Daily Forex Analysis – March 11, 2010
    GBPUSD Analysis. After touching the upper border of the falling price channel, GBPUSD dropped from 1.5195 and formed a short term cycle top on 4-hour chart. Deeper decline to test 1.4784 support is expected, a breakdown below this level will indicate that the downtrend from 1.6456 (Jan 19 high) has resumed, [...]

  • Gold: Best Supporting Role In Economic Downturns? Think Again
    Gold’s safe-haven status is based on hype, not history By Nico Isaac As I sat down to watch the Oscar pre-show on Sunday night, March 7, one word was repeatedly used to describe the celebrity starlets and their designer duds: GOLD. Gold bustiers and gold lame skirts, shiny gun-metal dresses and glittery sequined gowns all basking in [...]

  • Daily Forex Analysis – March 10, 2010
    USDCAD Analysis. USDCAD’s downtrend extended further to as low as 1.0235 level. Deeper decline to test 1.0224 (Jan 14 low) is still possible later today. Bounce would more likely be seen before breaking below this level. Key resistance is now at 1.0319, above this level will suggest that a short term [...]

  • Daily Forex Analysis – March 9, 2010
    GBPUSD Analysis. GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart. Deeper decline towards 1.4784 previous low is expected later today, a breakdown below this level will indicate that the downtrend from 1.6456 (Jan 19 high) has resumed, [...]

  • Daily Forex Analysis – March 8, 2010
    EURUSD Analysis. EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today. As long as this level holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is [...]

  • This Free Report Helps You Improve Your Trading With Objective Method
    You’ve heard the common trading advice: “Successful traders know how to control their emotions, instead of being controlled by their emotions.” I bet you’re thinking easier said than done, huh? As a trader, you’re bombarded with countless possibilities that can make decisive action a stressful hire wire act.  It’s no wonder your emotions can get [...]

  • Wave Principle Crash Course: There’s No Going Back
    Free video tutorial available to all Club EWI members By Nico Isaac For over ten decades, the mainstream financial world has embraced the view that external news events drive trend changes in the markets. In less than ten minutes, EWI’s senior tutorial instructor Wayne Gorman shatters that very idea into a fine dust, swept away into thin [...]

  • Daily Forex Analysis – March 5, 2010
    EURUSD Analysis. EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible. However, a break above 1.3838 resistance could [...]

  • Daily Forex Analysis – March 4, 2010
    USDCHF Analysis. USDCHF’s fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this level could indicate that the uptrend from 1.0132 has completed at 1.0898 already. However, as long as 1.0608 support holds, the [...]

  • What Does NOT Move Markets? Examining 8 Claims of Market Efficiency
    By Susan Walker If everyone says that shocks from outside the financial system — so-called exogenous shocks — can affect it for better or worse, they must be right. It just sounds so darned logical, right? Economists believe this trope to be true, mainly because they believe that investors are rational thinkers who re-evaluate their positions [...]

  • Daily Forex Analysis – March 3, 2010
    EURUSD Analysis. After touching 1.3443 previous low, EURUSD bounced from 1.3435, suggesting that a short term cycle bottom is being formed on 4-hour chart. Further rise to test 1.3691 is expected later today, a break above this level will confirm the cycle bottom, then further rally could be seen to 1.3750-1.3800 [...]

  • Daily Forex Analysis – March 2, 2010
    EURUSD Analysis. EURUSD continues to trade in range between 1.3443 and 1.3691. Another bounce to test 1.3691 resistance would more likely be seen later today, if this level gives way, further rally could be seen to 1.3800 area. Key support is at 1.3443, only fall below this level could indicate that [...]

  • Daily Forex Analysis – March 1, 2010
    USDCHF Analysis. USDCHF broke below 1.0715 support, suggesting that lengthier consolidation of uptrend from 1.0132 is underway. Range trading is expected in 1.0608 and 1.0898 in next several days. Key support is at 1.0608, as long as this level holds, one more rise towards 1.1000 is still possible after consolidation. However, [...]

  • Surviving Deflation: First, Understand It
    Deflation is more than just "falling prices." Robert Prechter explains why. By Editorial Staff The following article is an excerpt from Elliott Wave International’s free Club EWI resource, "The Guide to Understanding Deflation. Robert Prechter’s Most Important Writings on Deflation." The Primary Precondition of Deflation Deflation requires a precondition: a major societal buildup [...]

  • Use Bar Chart Patterns To Spot Trade Setups
    How a 3-in-1 chart formation in cotton foresaw the January selloff By Nico Isaac For Elliott Wave International’s chief commodity analyst Jeffrey Kennedy, the single most important thing for a trader to have is STYLE– and no, we’re not talking business casual versus sporty chic. Trading "style," as in any of the following: top/bottom picker, strictly technical, [...]

  • More Credit Default Swaps Means Trouble for European Debt
    By Editorial Staff Government debt is no longer just a problem for emerging countries. Portugal, Spain, France and Greece (as we have seen in recent weeks) are living in fear of credit default. Consequently, the value of their credit default swaps is skyrocketing. The following is an excerpt from the February issue of Global Market Perspective. For [...]

  • Daily Forex Analysis – February 26, 2010
    GBPUSD Analysis. GBPUSD breaks below 1.5350 support and the fall from 1.5815 extends to as low as 1.5190 level. Deeper decline is still possible after a minor consolidation and next target would be at 1.5000 area. Resistance is now located at the falling trend line from 1.5815 to 1.5575, as long [...]

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