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.
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/
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.
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.