ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
19th March 2026 - The S&P 500 and Nasdaq 100 indices are struggling to maintain upside momentum with several short-term headwinds pulling prices lower despite the previous week’s impressive five wave gains and deep ###corrections into Monday’s lows. Overnight news of Iran energy installations being hit for the first time sent Crude oil prices higher, pulling stock indices inversely lower – also, today’s U.S. PPI index showed... Read full summary in our latest report!

Currencies (FX)
19th March 2026 - The US$ dollar has just completed another short-term corrective downswing that began from Monday’s high of 100.54 trading down to 99.46 today whilst the Federal Reserve’s interest rate and ###policy meeting highlighted inflation risks, holding rates unchanged at 3.5%-3.75%. Earlier, the latest U.S. producer prices data showed February’s increase at 0.7%, higher than consensus expectations of 0.3% which maintained dollar strength – and combined with escalating hostilities in the Middle East, further US$ dollar gains were amplified. The US$ dollar index turned higher trading to 100.31 and set for further ... Read full summary in our latest report!

Bonds (Interest Rates)
19th March 2026 - The Middle East conflict took another downturn during today’s session as news broke that Israel had destroyed Iran's oil industry in South Pars and Asaluyeh – Iran has since retaliated attacking### Qatar’s gas facilities heightening the escalation to a new level. This has failed to ignite safe-haven bond-buying, instead stoking anxieties of inflation amidst rising energy prices. Tonight’s Federal Reserve meeting kept interest rates unchanged at 3.5%-3.75% although voicing uncertainty associated with the war in Iran. The dot-plot signalled a few rate cuts before year-end whilst revising forecasts with a slightly faster pace of U.S... Read full summary in our latest report!

Commodities
19th March 2026 - Gold’s safe-haven status along with silver has been blown apart as both precious metals have continued lower this week. US$ dollar strength and rising inflationary expectations triggered by ###surging energy prices have nullified gold’s flight to safety and instead created significant headwinds. Gold is continuing lower as intermediate wave (4)’s a-b-c zig zag correction from January’s high of 5596.40 with downside targets remaining towards 4018.00+/-. Silver has comparable downside targets as intermediate wave (4) towards 58.21+/-. Crude oil slipped overnight ...Read full summary in our latest report!

