ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
5th September 2026 - U.S. stock indices were knocked lower following today’s (Friday’s) non-farm-payroll data release – consensus expectations were running around +58k but came through at a whopping 162,000 – that### sent U.S. treasury yields higher, the U.S dollar higher whilst it reversed Wednesday’s gains in the S&P 500 and Nasdaq 100 indices. As the hours passed by, US10yr yields fell back and the dollar sank backwards again. A comparison across other assets, including the US$/CHF currency pair, gold, silver and the Nasdaq 100 showed that Wednesday’s reversals weren’t quite finished as first thought... Read full summary in our latest report!
Currencies (FX)
5th September 2026 - Today’s U.S. non-farm-payroll data had been expected around +58k and came through at +162,000 instead, a huge overshoot of consensus expectations. This naturally pulled stock indices lower,### precious metals lower and inversely, treasury yields higher and the US$ dollar index higher. At first, that seemed to confirm this week’s downward correction of August’s preceding upswing between 98.56 to 99.86 had completed into Thursday’s low of 98.83. But cross-referencing with other peripheral dollar currency pairs like the US$/CHF and the Aussie dollar’s strength in AUD/US$ suggests...Read full summary in our latest report!
Bonds (Interest Rates)
5th September 2026 - Today’s U.S. non-farm-payroll data had been expected around +58k and came through at +162,000 instead, a huge overshoot of consensus expectations. This naturally pulled stock indices lower,### precious metals lower and inversely, treasury yields higher. The US10yr yield momentarily spike higher from 4.746 to a high of 4.826 before sliding lower in reverse to 4.757 before closing at...Read full summary in our latest report!
Commodities
5th September 2026 - Today’s U.S. non-farm-payroll data had been expected around +58k and came through at +162,000 instead, a huge overshoot of consensus expectations. This extended gold’s decline from Thursday’s### high of 4510.73 to a low of 4365.84 in what seemed at first, to confirm the upside completion of minuette wave [b]’s rally from Wednesday’s low of 4282.76. But comparisons with other asset classes, it’s become more likely that Wednesday’s rally as wave [b] will extend even higher next week. Silver ...Read full summary in our latest report!
