TRENDING:

GBP/USD

XAU/USD

Elliott Wave: Stocks step into correction, BTC drops, can Dollar rally? [Video]

Gregor Horvat Wavetraders

Last week, stocks dropped and then turned sharply lower, in line with cryptocurrencies, after Trump threatened to impose new tariffs on China, after China introduced tighter export controls on rare earth metals. It looks quite similar to what we saw back in April, when stocks also dropped sharply because of tariffs — usually that’s the normal reaction with fear, when the first news hits, but once the dust settles, we can expect some stabilization. There’s still some optimism that could return this week since President Trump and the Chinese President are still expected to meet.

What’s important to note is that the S&P 500 is now stepping into a new corrective wave four, that is still in progress. During this risk-off phase, the dollar , which interestingly didn’t move much on Friday, could still gain some ground in the near future as investors look for safety, not only in metals but also in cash.

For more updates on our latest Elliott Wave outlook, make sure to check video below.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025