“Dancing is a wonderful training for girls; it’s the first way you learn to guess what a man is going to do before he does it”. -Christopher Morley

 

In the same vein, the Wave principle trains the analyst to discern what the market is likely to do before it does it!

 

Market news

The American Dollar plummeted on Thursday 10^th of Nov. against a basket of world currencies after October annual inflation fell below 8% for the first time in eight months, suggesting that underlying inflation has peaked in the United States and that the Federal Reserve could moderate its aggressive interest rate-hike over the following months.

 

The Forex market was on fire, with the euro surging more than 3% to new multi-week highs around $1.0290, while the Sterling skyrocketed to $1.1758, up 2.8%, its biggest advance since March 2020 in the throes of the pandemic.

 

Forex Market players everywhere are wondering what's next…

Here is how we saw the smoke signals of a coming reversal on the U.S dollar in our last Quarterly Market Outlook issued in early October 2022.