ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
3rd September 2026 - U.S. and continental European indices have broken below nearby support levels this week, falling under the weight of shifting interest rate expectations, heightening central bank rate### increases, higher energy prices and a higher US$ dollar. This is confirming the S&P 500 and Nasdaq 100 both finished corrective micro wave b upswings that began from their respective late-June lows into August’s highs with wave c declines now in progress – ultimate downside targets are below those June lows – for the...Read full summary in our latest report!
Currencies (FX)
3rd September 2026 - Last week’s hawkish tilt from the Federal Reserve has continued to reverberate through financial markets this week with continued rises in treasury yields and the US$ dollar. The US$ dollar ###index is confirming a new uptrend as minute wave 5 of wave c.’s ending/expanding-diagonal pattern which is expected to take another month or two before reaching its final objective towards 102.96+/-, about +3.5% higher. Shorter-term, an intra-hourly five wave impulse advance from August’s low of 98.56 completed today, at 99.86 – this allows a short-term corrective pullback lasting the next few trading days ahead of a resumption higher. The Euro/US$ is trending lower now, but like the dollar, is expected to flip higher for a few days following the downside completion of five waves from August’s high of 1.1711 to today’s low of 1.1566. Stlg/US$ has completed five waves down from 1.3675 into today’s low of 1.3474 so expected to correct higher for a few days ahead of ...Read full summary in our latest report!
Bonds (Interest Rates)
3rd September 2026 - Last week’s hawkish tilt from the Federal Reserve has continued to reverberate through financial markets this week with continued rises in treasury yields. That’s pushed the US$ dollar higher### as energy prices spike higher, pulling stocks and precious metals lower. The US10yr yield’s advance from the end-August low of 4.607 is unfolding into a short-term five wave impulse pattern as minute wave 3 – this is subdividing [i]-[ii]-[iii]-[iv]-[v] where wave [i] has either completed today, at 4.817 or perhaps extending to 4.837+/- ahead of a short-term corrective pullback as wave [ii]. The DE10yr yield’s advance has continued sharply higher this week as bond traders revise interest... Read full summary in our latest report!
Commodities
3rd September 2026 - Last week’s hawkish tilt from the Federal Reserve has continued to reverberate through financial markets this week with continued rises in treasury yields. That’s pushed the US$ dollar higher### as energy prices spike higher, pulling stocks and precious metals lower including gold, which has declined just over -$400.00 dollars from last week’s high of 4697.11. Today’s low at 4282.76 has unfolded from that high into a complete five wave impulse pattern – a short-term corrective rally has begun, .. Read full summary in our latest report!
