ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices
7th May 2026 - Strong quarterly earnings results from Advanced Micro Devices (AMD) combined with hints from the White House that peace negotiations with Iran are progressing has pulled treasury yields lower,### the US$ dollar lower, Crude oil lower with precious metals higher along with stock indices too – that at least is consistent with recent correlations between these asset classes. U.S. and European indices have lurched ahead confirming the prolongation of April’s five wave impulse advances with further gains directly ahead. There’s a big debate on whether this latest advance has the legs to last, or fizzle out. Some Elliott Wave commentators are ...Read full summary in our latest report!

Currencies (FX)
7th May 2026 - The US$ dollar index ran out of upside momentum trading higher from the previous week’s low of 97.72 into Tuesday’s high of 98.57 but it was today’s sharp reversal decline on news from the White House### that peace negotiations with Iran are progressing has pulled treasury yields lower, the US$ dollar lower, Crude oil lower with precious metals higher along with stock indices too – that at least is consistent with... Read full summary in our latest report!

Bonds (Interest Rates)
7th May 2026 - The US10yr yield has pulled lower over the last couple of days from Monday’s high of 4.463 to today’s low of 4.331 which has now isolated a preceding [a]-[b]-[c] zig zag upswing that began from the### early-April low of 4.224. This is confirming a short-term horizontal flat pattern is unfolding as minute wave 4 with current declines as wave [c] targeting back to retest 4.224+/- again. It’s a similar short-term story for the DE10yr yield – this week’s declines are part of a horizontal flat... Read full summary in our latest report!

Commodities
7th May 2026 - Gold’s overall bearish outlook retains downside targets for minute wave 5 of minor wave c. towards 3797.00+/-. This is supported by the gold/silver ratio which itself is set to jump higher, rather### sooner than later, widening the ratio reflecting silver’s underperformance as primary wave C targeting min. 85.00+/- within January’s A-B-C zig zag correction (currently 60.68). Such a big advance in the ratio certainly translates into silver’s directional decline, and gold’s too. Hints from the White House ...Read full summary in our latest report!

