ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
25th September 2026 - The technology-led breakout highlighted earlier this week has now begun to reverse, validating the bearish non-confirmation signals created by the failure of the Dow Jones, European###, Australian and Japanese indices to follow the S&P 500 and Nasdaq 100 higher. Importantly, the initial declines from this week’s highs are unfolding into five wave patterns, providing an Elliott Wave reversal-signature ... Read full summary in our latest report!

Currencies (FX)
25th September 2026 - The US$ dollar has extended its post-Federal Reserve advance, reaching an important short-term upside target as its five wave impulse continues to develop. A corrective dollar pullback is### now expected through next week, but the larger advance remains incomplete and can subsequently resume higher. Correspondingly, Euro/US$ is approaching a short-term corrective recovery before resuming its larger decline, whilst Stlg/US$ remains firmly embedded within an...Read full summary in our latest report!

Bonds (Interest Rates)
25th September 2026 - Government bond yields have pushed sharply higher over the last couple of days, reinforcing the broader uptrend in borrowing costs. The US10yr yield surged from 4.923% to 5.223%, completing ###another five wave advance and bringing the larger Elliott Wave structure closer to its ultimate upside target. A short-term corrective pullback is now expected before the final advance resumes. German yields have... Read full summary in our latest report!

Commodities
25th September 2026 - Precious metals have continued lower as the US$ dollar strengthened, although both gold and silver are displaying some resilience compared with their corresponding downside Elliott Wave### targets. A short-term dollar correction can allow both metals to recover over the next couple of sessions, but their larger patterns continue to point lower once those rallies finish. Crude oil provides the important contrast. Strategic support held at 88.67 and prices have subsequently... Read full summary in our latest report!

