ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
21st March 2026 - Stock markets around the globe took another battering during Friday’s session as the war in the Middle East escalated whilst markets switched attention to the inflationary effects triggered by### rising energy prices. It’s also been a busy week with six central bank meetings with policymakers waving inflationary ‘wild-cards’, saying events are beyond their control and reserving the right to hike rates if necessary. U.S. stock indices have declined from the previous week’s highs into three waves into Friday’s lows – they measure as zig zags which suggests downside limitation and a heightened probability of a strong reversal… Read full summary in our latest report!
Currencies (FX)
21st March 2026 - The US$ dollar has seen some short-covering but not any safe-haven buying – none of the traditional safe-havens have worked out – gold is lower, bonds are lower, the Yen is lower whilst### alternative Bitcoin is only modestly higher. Today’s pullback in the US$ dollar index has completed a short-term zig zag correction between 100.54 to 98.97 which suggests the current impulse uptrend of minor wave c. that began from 95.55 will continue next week as minuette wave [v] of minute wave 3 targeting 101.73+/-. Similarly, the Euro/US$ has completed a short-term zig zag rally as…Read full summary in our latest report!
Bonds (Interest Rates)
21st March 2026 - The Federal Reserve’s position following Wednesday’s decision to keep rates on hold at 3.5%-3.75% was that it still plans to cut interest rates sometime this year even as the surge in oil### prices triggered by the Iran war threatens rising inflationary trends. Fed chair Jerome Pow¬ell said that while the Iran con¬flict would push up near-term infla¬tion, it was ‘too soon to know the scope and dur¬a¬tion’ of the war’s eco¬nomic impact - he added that ‘most meas¬ures of longer-term expect¬a¬tions’ remained con¬sist¬ent with the Fed’s 2.0% per cent inflation goal. And yet, US10yr yields finally broke above…Read full summary in our latest report!
Commodities
21st March 2026 - None of the traditional safe-havens have worked out – gold is lower, bonds are lower, the Yen is lower whilst alternative Bitcoin is only modestly higher. Gold is undergoing long-liquidation by### institutional funds as rising inflationary expectations bite into portfolio models. Prices have finished the week on post-February lows at 4491.82 tonight although approaching some nearby support – ultimate downside targets towards 4018.00+/- remain intact. Silver’s corresponding…Read full summary in our latest report!
