Elliott Wave International Editorial Staff
Elliott Wave International
The stock market often seems to defy logic. Consider that good news is often followed by plummeting prices, and bad news is often followed by rising prices. Here's how to make sense of it all …
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Editors’ Picks
EUR/USD hits fresh one-month low amid souring market mood
EUR/USD has been extending its falls and dips below 1.21 as US retail sales badly disappointed and the worsening mood is supporting the safe-haven dollar. Markets digest Biden's stimulus plan. US Consumer Sentiment declined to 59.2 points.
GBP/USD retreats toward 1.36 amid fresh dollar strength
GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown.
USD/JPY drops to fresh daily lows near 103.60
USD/JPY is falling for the second straight day on Friday. Wall Street's main indexes look to open in the negative territory. 10-year US Treasury bond yield is down more than 2%.
Editors’ Picks
EUR/USD hits fresh one-month low amid souring market mood
EUR/USD has been extending its falls and dips below 1.21 as US retail sales badly disappointed and the worsening mood is supporting the safe-haven dollar. Markets digest Biden's stimulus plan. US Consumer Sentiment declined to 59.2 points.
GBP/USD retreats toward 1.36 amid fresh dollar strength
GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown.
USD/JPY drops to fresh daily lows near 103.60
USD/JPY is falling for the second straight day on Friday. Wall Street's main indexes look to open in the negative territory. 10-year US Treasury bond yield is down more than 2%.
Georgia voters evenly split over who should control US senate
Edison Research's poll found roughly half of voters would prefer the Republican Party to retain control and half would like to see the Democrats take over, reflecting how close the two races were likely to be.
Gold extends sideways grind near $1,850
The XAU/USD pair registered small daily gains on Thursday but struggled to extend its recovery amid a lack of significant fundamental drivers on Friday. As of writing, the pair was up 0.15% on a daily basis at $1,849.
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