Elliott Morning Hour: AUDUSD, USDJPY and S&P

Posted by on Feb 20, 2013

Stock in Asia and US were higher in the last session with a new high on S&P500, printed around 1530. EUR also found the support in this week after good ZEW numbers from Germany, up 48.2 this month, from 31.5 in the prior month. Meanwhile the USD was trading lower, but not against CAD and GBP which are one of the weakest lately. We have the count of the S&P futures here where we can see a sharp rise from 1510 which we think it’s impulse in progress. However, wave iii is testing some
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