ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
25th April 2026 - U.S. stock indices are still registering momentum overbought conditions following April’s exponential advances and gains of +13% in quick fashion - basis today’s additional advances,### those momentum indicators are flashing bearish divergence too which ordinarily hints that April’s five wave impulse patterns are close to completion with counter-trend declines around the corner. Hang on a movement – just one problem – Europe’s positively-correlated indices haven’t yet finished comparable five waves up from their March lows – in fact, Thursday’s/today’s lows completed 4th waves with 5th waves advance next, about +5% per cent higher. So how can U.S. indices be approaching terminal 5th waves when Europe’s indices are only just beginning… Read full summary in our latest report!
Currencies (FX)
25th April 2026 - The US$ dollar index’s short-term advance from the previous week’s low of 97.63 has begun minute wave 5 within January’s developing impulse pattern of minor wave c. So far, a rather patchy ###three wave advance has unfolded into Thursday’s high of 98.93 followed by a pullback today, to 98.50 – that’s labelled as a fourth wave with a fifth expected to lift the dollar higher next week, towards 99.32+/- which then completes minute wave 5’s 1st wave. This maintains US$ dollar strength for the next month. Inversely, the Euro/US$ is heading lower as minute wave 5 with downside targets…Read full summary in our latest report!
Bonds (Interest Rates)
25th April 2026 - The US10yr yield is has held above nearby support of 4.214 at 4.224 this week and steadily advancing into a five wave sequence completing today at 4.353. This is confirming upside continuity as### minute wave 5 within March’s developing five wave expanding-impulse pattern of minor wave c. Labelled 1-2-3-4-5, wave 5’s advance from 4.224 therefore completes its 1st wave today with a 2nd wave correction already underway into tonight’s session – this is expected to continue early next week ahead of resuming higher – ultimate targets unchanged towards 4.627+/-. The DE10yr yield is…Read full summary in our latest report!
Commodities
25th April 2026 - Gold has declined into a short-term, overlapping intra-hourly five wave diagonal pattern from minute wave 4’s recent high of 4889.29 into today’s low of 4658.25. This is confirming downside### continuity whilst lessening the probability of gold breaking back higher again, above 4889.29. Silver’s also declined into an intra-hourly five wave impulse from the previous week’s high of 83.05 into Thursday’s low which asserts more declines ahead once a corrective rally finishes sometime next week. Looking ahead though, both gold and silver have dim prospects – deeper corrections are set to continue pulling prices…FONT SIZE=-3 COLOR="gray">Read full summary in our latest report!
