Editorial Staff - Elliott Wave International - Fri Feb 05, 9:36AM CST
On Tuesday (Aug. 11) China shocked global markets by devaluing its currency, the renminbi, by almost 2% -- "a move that could raise geopolitical tensions and weigh on growth elsewhere." (NYT)
Then on Wednesday, yuan fell some more.... (full story)
Editorial Staff - Elliott Wave International - Fri Feb 05, 8:31AM CST
Jim Martens, editor of EWI’s Currency Pro Service , discusses recent price action in EURUSD and explains why he’s looking for the euro to start another leg down -- and for the U.S. dollar, another leg up -- very soon.
... (full story)
The US Dollar may find a lifeline in January’s employment data breathes new life into Fed rate hike speculation, lifting the currency after two days of aggressive selling.
Conflicting cues make for... (full story)
HONG KONG (AP) — Asian stock markets were uneven on Friday as investors awaited U.S. job numbers that could influence how far the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. (full story)