ELLIOTT WAVE ANALYSIS - Latest Market Commentary
Stock Indices
14th March 2026 - Markets remain shaken by the escalation of hostilities in the Middle East with the U.S. seemingly powerless to prevent Iran from blockading shipping in the Straits of Hormuz. Indices ran sharply### higher from Monday’s lows as Crude oil sank lower by -35% but it’s been all change since Tuesday’s highs – the S&P 500 and Nasdaq 100 have pulled sharply lower since, giving back most of those previous gains with prices near lows into Friday’s closing session. There is however, an expectation of prices holding…Read full summary in our latest report!
Currencies (FX)
14th March 2026 - Today’s U.S Personal Consumption Expenditures Price Index (PCE) rose largely in line with expectations in January, the latest sign that inflation remained relatively well behaved ahead of the### war with Iran that began last month – the PCE Index rose 0.3% from December, compared with the 0.3% estimate - stripping out the volatile food and energy components, the so-called core PCE Price Index increased 0.4% last month. But that benign data didn’t quash increased anxieties over inflationary pressures triggered by the rise in energy prices due to the Middle East war. This has propelled the US$ dollar index higher this week with strong gains over the last few days. Unsurprisingly so…Read full summary in our latest report!
Bonds (Interest Rates)
14th March 2026 - Hedge fund Cax¬ton Asso¬ciates has lost at least $600mn in this month’s mar¬ket upheaval sparked by the war in the Middle East - Cax¬ton’s $9bn Macro fund lost -7% per cent last week whilst### Tudor Invest¬ment Cor¬por¬a¬tion, a prom¬in¬ent macro hedge fund run by Paul Tudor Jones, has lost -1.8% per cent. Insiders say bond positioning was long before the Middle East hostilities broke out with funds scrambling to close those positions as yields climb higher over...Read full summary in our latest report!
Commodities
14th March 2026 - Gold has pulled lower over the last couple of days, confirming last Tuesday’s high at 5235.11 completed minute wave 2’s corrective rally from the early-March low of 4996.41. Prices have declined ###since, beginning wave 3’s downside acceleration within minor wave c. of intermediate wave (4)’s correction. Silver has similarly begun minute wave 3’s downside acceleration from 90.01 with next targets towards 65.57+/- and ultimately 58.21+/- for the completion of minor wave c. of intermediate wave (4). Crude oil’s bearish outlook rests upon three premises – the...Read full summary in our latest report!
