Elliott Wave Analysis

Elliott Wave Live: Dollar Neutral Ahead Of US CPI Data This WeekMay 13, 2024

Hey everyone, hope you enjoyed the weekend.

We’re gearing up for a crucial week ahead. As many of you know, this week will feature the release of the US inflation data, which is pivotal for any potential shifts in the Fed’s interest rate policy. Although the Fed currently maintains a restrictive policy, the latest US jobs report showed fewer jobs added than anticipated. Therefore, if the upcoming inflation report also shows a decrease to 3.4% or lower, down from the previous 3.5%, it could significantly fuel speculations that the Fed might consider rate cuts later this year.

However, before we get to the inflation data release on Wednesday, we have another key event to watch: a speech by Fed Chair Powell on Tuesday, which could also trigger considerable market volatility. Currently, the market is in a risk-on mode, and metals did well last week, suggesting the dollar could face downward pressure if these trends from last week continue.

I think for this week, important is to track yeilds! Because when looking at the Dollar Index, there is no clear short-term direction. But on the10 year yields intraday chart, there can be top if we get five waves down.

Join me in webinar later at 15cet HERE


10 year US yeilds

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register here (Limited-Special 2 for 1 Offer available)



Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.