ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
17th September 2026 - Tonight’s Federal Reserve rate hike of 25bps has triggered renewed selling across U.S. stock indices, interrupting the short-term corrective rallies that had been developing ahead of the ###announcement. Several benchmark indices have broken below last week’s lows, heightening the probability that larger-degree corrective... Read full summary in our latest report!

Currencies (FX)
17th September 2026 - The US$ dollar has strengthened sharply following tonight’s 25bps Federal Reserve rate hike and accompanying projections signalling another increase before year-end. This upside ###acceleration fits the Elliott Wave characteristics of a developing 3rd wave within the dollar’s larger five wave advance from its August low. Correspondingly, the major currencies have accelerated lower against the US$ dollar, reinforcing existing bearish wave counts. These declines are not yet complete... Read full summary in our latest report!

Bonds (Interest Rates)
17th September 2026 - The Federal Reserve raised its Fed Funds rate by 25bps tonight to 3.75%-4.00%, with the unanimous decision accompanied by projections pointing towards another 25bps increase before year-end.### The US10yr yield responded by pushing above 5.00%, reinforcing the existing Elliott Wave uptrend and bringing the current impulse sequence closer to its next upside target. Importantly, the larger pattern remains incomplete, with additional higher-highs still required before the... Read full summary in our latest report!

Commodities
17th September 2026 - Precious metals have reacted sharply lower to tonight’s Federal Reserve rate hike, reinforcing the existing bearish Elliott Wave outlook for both gold and silver. Recent corrective rallies now### appear to have ended, putting both metals back on course for another sequence of declines during the coming weeks as their larger intermediate-degree corrections continue from January highs. Crude oil presents a contrasting picture. Its advance from the August lows remains structurally incomplete, although... Read full summary in our latest report!

