Pound Pressured as Bank of England Signals More Rate Cuts, Risk Aversion Dominates Market
Wednesday, November 12th, 2008
The Pound fell sharply against its rivals as the Bank of England said the economy will face possible a year-long recession. With inflation expected to ease significantly BoE Governor King left the door open for more rate cuts. US stocks fell increasing risk aversion.
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Newscaster: Nick Nasad
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Duration : 0:5:12
Stocks Recover Somewhat Following Mid-Week Losses, Boosting Risk Appetite Despite Grim US Payroll Reports
Friday, November 7th, 2008
US payroll data showed the economy shedding 240K jobs, but the news did not derail a rally in European stocks and the US was in the green as well. The Yen weakened against its rivals as pairs corrected themselves from their moves in the middle of the week.
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Newscaster: Nick Nasad
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Duration : 0:4:40
Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007
The standard explanation mainstream financial analysts and some forex trading “experts” use when talking about a market move is, “The market did that because of such-and-such news report.” But if you’ve been forex trading long enough, you know that all too often, the market’s reaction to the news is the opposite of what it’s “supposed” to be. Watch Elliott Wave International’s Senior Forex Trading Strategist, Jim Martens, as he explains that it’s not the news that matters when you’re trading forex — it’s the market’s reaction to the news that does — in this 10-minute forex trading video using the U.S. Dollar Index, Euro / Dollar and Dollar / Pound (cable) charts as examples.
Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007
Duration : 0:10:55
