ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
12th September 2026 - Thursday’s declines in benchmark U.S. indices lost momentum, then reversed higher, extending rallies through Friday’s session. This latest action is confirming continued upside progress next### week, as the finalising sequence of 2nd wave corrections that began from their late-August lows. From a slightly larger perspective, it’s also confirming downside continuation of larger corrections in progress from … Read full summary in our latest report!
Currencies (FX)
12th September 2026 - The US$ dollar index pushed higher following today’s U.S. CPI inflation data, trading to 99.36 and finishing a short-term five wave impulse advance from Wednesday’s low of 98.59 – this### adds credibility to the ongoing five wave uptrend of minuette wave [a]’s advance that began minute wave 5 from the late-August low of 98.56. The Euro/US$ has declined in five waves over the last couple of days, again confirming its intention to trend lower as a five wave impulse labelled minuette wave [a] targeting 1.1397+/-, the first stage of wave 5’s zig zag decline. Stlg/US$ has also declined in five waves from Wednesday’s high – this is confirming a larger degree... Read full summary in our latest report!
Bonds (Interest Rates)
12th September 2026 - Thursday’s strong punch higher in the US10yr yield continued earlier today, reaching 4.977 ahead of the U.S. CPI data – that came through with the monthly core rate at 0.3%, its largest### increase in four months - financial markets initially priced in a 91% chance of a 25bps basis point rate hike at the Fed's meeting next week, before settling back to 87% - that was up from 72% on Thursday. The yield is still trending higher although should begin a correction once minute wave 3 of minor wave iii. three reaches upside targets towards 5.00%. The European Central Bank... Read full summary in our latest report!
Commodities
12th September 2026 - Gold has more-or-less relinquished any chance of extending minuette wave [b]’s rally any higher than 4510.73 traded earlier this month. The following decline is overlapping into today’s low of### 4301.02 although this has unfolded into a five wave leading/expanding-diagonal pattern that coincides with a corresponding five wave expanding-impulse decline in silver. Both gold and silver could have already ended their corrective upswings during today’s session which heightens downside acceleration...Read full summary in our latest report!
