Forex Trading: Why You Need to Look Past “Fiscal Cliffs”

Forex Trading: Why You Need to Look Past “Fiscal Cliffs”

The “fiscal cliff” agreement did not set the course for EUR/USD — here is why.

By Elliott Wave International

First, a word on how we all are conditioned to think that,
“momentum will remain constant unless acted on by an outside
force.” Read this excerpt from Robert Prechter’s May 2004 Elliott
Wave Theorist
:

“…’Momentum will remain constant unless acted on by an outside force.’ This mode of thought is deeply embedded in our minds because it has tremendous evolutionary advantages. When Og threw a rock at Ugg back in the cave days, Ugg ducked. He ducked not necessarily because his mind had inherited and/or learned the consequences of the Law of Conservation of Momentum.

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How the Federal Reserve is Showing Financial Fear

Have you heard about the Fed’s 180 degree turn?

The central bank has thrown everything in its arsenal at the economy, but most key economic metrics have barely budged. In the epic struggle, the Fed’s policy has been turned upside down. In the latest Elliott Wave Theorist, Bob Prechter noted…

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