ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
11th June 2026 - The S&P 500 and Nasdaq 100 both completed five wave impulse patterns in their declines from respective early-June highs into Tuesday’s lows – this is particularly evident in the cash indices although ###replicated in the futures contracts too. An announcement just minutes ago that the U.S. military began multiple strikes against Iran has since pulled the futures below Tuesday’s lows – but if this isn’t replicated by the time the cash indices open Thursday, then consider this b waves...Read full summary in our latest report!

Currencies (FX)
11th June 2026 - The US$ dollar index has undergone a short-term corrective downswing from Monday’s high into Tuesday’s low although now on its way back higher. Negatively-correlated stock indices are still ###languishing near Tuesday’s lows whilst US10yr yields remain firm at 4.548% giving little reason for anything other than US$ dollar strength. U.S. annualised CPI inflation came through at 4.2% per cent today, the highest figure in three years although unchanged to expectations. The Euro/US$ is set to continue lower as part of its 3rd wave within the declining diagonal pattern that’s unfolding from... Read full summary in our latest report!

Bonds (Interest Rates)
11th June 2026 - U.S. annualised CPI inflation came through at 4.2% per cent today, the highest figure in three years although unchanged to expectations - stripping out volatile food and energy prices,### core CPI came in at 0.2% for the month and 2.9% from a year ago while the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate. It left the US10yr yield range-trading although emphasis remains to the upside, for rising yields. The ECB looks certain to raise its key... Read full summary in our latest report!

Commodities
11th June 2026 - Gold continued downside acceleration today, weighed-down with rising U.S. CPI inflation, a stronger/steady US$ dollar and the expectation of higher interest rates. Prices hit 4036.32 late-session### (early-Asia) which is more than enough to complete sub-minuette wave (iii)’s decline. Silver prices traded into downside targets of 63.00+/- to a late-session (early-Asia) low of 62.41 with a nudge higher afterwards – this is confirming the downside completion of...Read full summary in our latest report!

