Currencies & Interest Rates Mid-Year Update PART III

by WaveTrack International| August 28, 2026 | No Comments

We’re pleased to announce the publication of WaveTrack’s annual Triple Video Outlook 2026 of medium-term ELLIOTT WAVE price-forecasts. Today’s release is PART III, CURRENCIES + INTEREST RATES.

• PART I – STOCK INDICES – out now!
• PART II – COMMODITIES – out now!
• PART III – CURRENCIES + INTEREST RATES – out now!

Now, let’s look at some of the Currencies + Interest Rates Outlook Highlights that are crucial to know during this economic timeline…

The Dollar Is Going Down. But Not Yet.

Why being right about the next major market trend could still leave investors on the wrong side of the trade.

There is a dangerous assumption in financial markets:

If you know where a market is ultimately heading, you know what to do today.

Unfortunately, markets rarely make it that easy.

Consider the US Dollar.

Concerns surrounding America’s growing national debt, de-dollarisation and shifting global trade relationships have strengthened the argument for a weaker Dollar.

Many investment-bank analysts now expect additional Dollar weakness.

And, interestingly, our longer-term Elliott Wave analysis agrees.

We remain decidedly bearish on the US Dollar over the coming years.

But there is a catch.

We believe the Dollar may go up first.

And that seemingly small distinction could become one of the most important market developments during the remainder of 2026.

Right Direction. Wrong Timing.

One of the great advantages of Elliott Wave analysis is its ability to separate market trends across different degrees.

A market can be structurally bearish over several years while remaining bullish for several months.

That’s precisely the situation we see developing in the US Dollar.

The long-term Elliott Wave pattern continues to point towards substantial Dollar weakness.

Yet the shorter-term structure suggests the recovery that began earlier this year remains incomplete.

In other words, the market may have one final twist before the larger trend takes control.

And this becomes considerably more interesting when we look at what is happening elsewhere.

The Bond Market Is Telling the Same Story

Long-dated interest rates reached generational lows during the pandemic.

That moment may ultimately prove to have been one of the most important financial turning points of our lifetime.

The four-decade decline in global yields appears to have ended.

Since 2020, long-dated government yields across the United States, Europe, United Kingdom, Australia and Canada have moved higher in remarkably synchronised Elliott Wave patterns.

But those advances don’t move in straight lines.

Our analysis suggests several of these markets are approaching another critical turning point.

Before that happens, however, they appear to require one final advance in yields.

Notice the similarity:

US Dollar: one final advance.
Long-term yields: one final advance.

Then both could reverse.

When separate markets begin pointing toward comparable turning points at approximately the same time, we pay attention.

The Missing Piece Could Be Oil

What might push yields higher one final time?

One possibility comes from Part II of our Mid-Year Trilogy:

Energy inflation.

If Crude Oil experiences the secondary energy shock outlined in our Commodities analysis, the consequences could extend far beyond the energy market.

Higher oil prices could revive inflation expectations.

Inflation expectations influence bonds.

Bonds influence currencies.

Currencies influence global capital flows.

Suddenly, what appears to be an isolated Oil forecast becomes part of a much larger story.

This is why we don’t analyse markets in isolation.

The relationships are often where the most valuable information is hiding.

What About Bitcoin?

Part III also brings crypto into the equation.

Bitcoin and Ethereum have recovered strongly from their 2026 lows—but our Elliott Wave analysis raises questions about whether these advances represent the beginning of the next major bull phase or something more temporary.

More interesting still are the relative relationships.

What happens when we compare Bitcoin with the Nasdaq 100?

And what happens when we compare Bitcoin directly with Strategy/MicroStrategy?

That second relationship challenges one particularly popular assumption:

If you’re bullish on Bitcoin long term, is owning MSTR necessarily the superior investment?

The Bitcoin/MSTR Ratio tells a fascinating story.

We’ll leave the answer for the video.

The Bigger Story: A Global Rotation

This is ultimately what Part III of WaveTrack International’s Mid-Year 2026 Trilogy is about.

Not simply the Dollar.
Not simply currencies.
And not simply interest rates.

It is about understanding the transition that may be developing across global markets.

The analysis encompasses more than 130 Elliott Wave charts, including the US Dollar, G10 currencies, major FX crosses, Asian and emerging-market currencies, Bitcoin, Ethereum, U.S. Treasury yields, European rates, U.K., Australian, Canadian and Japanese yields, as well as important relative ratios and yield spreads.

And remarkably, many of these markets are beginning to tell variations of the same story.

First, one final move.
Then, the bigger reversal.

Our preferred roadmap points towards a final phase of US Dollar strength and rising global yields before those trends begin exhausting themselves.

What follows could look dramatically different.

Falling yields.

Renewed Dollar weakness.

Changing currency leadership.

Important movements across crypto.

And a broader cross-market rotation developing through 2027.

Three Videos. One Market Cycle.

This is also where the complete Mid-Year 2026 Trilogy comes together.

Part I – Stock Indices examined an increasingly volatile equity-market environment.

Part II – Commodities identified the possibility of another Energy shock, downside risks for Copper and developing opportunities across Precious Metals.

And now:

Part III – Currencies & Interest Rates provides the monetary framework connecting those forecasts.

That connection is important.

Because markets don’t exist in isolation.

Stocks affect currencies.

Currencies affect commodities.

Commodities affect inflation.

Inflation affects bonds.

And bonds influence virtually everything.

The challenge is seeing the connections before the market narrative catches up.

That is what Elliott Wave analysis is designed to do.

And it is the central purpose of Peter Goodburn’s latest Currencies & Interest Rates Mid-Year 2026 Video Update.

The Dollar rally may be almost over.

Interest-rate advances may be approaching exhaustion.

But before the next major chapter begins, the markets appear to have one final move left to make.

And that may be precisely the move that catches consensus by surprise.

You can access the full Currencies & Interest Rates Video now – or purchase the Triple Video click here!

Wishing you great success,

Most sincerely,

Peter Goodburn
Founder and Chief Elliott Wave Analyst
WaveTrack International

What you get

Contents: 139 charts | VIDEO DURATION: 3 hours.
The contents of this CURRENCIES & INTEREST RATES VIDEO include Elliott Wave analysis for:

Forex (139 charts):
• US$ Dollar Rally Almost Over
• US Dollar Sentiment
• G10 Interest Rates, Central Banks…
• US Inflation & Interest Rates
• US$ Index
• USD COT
• Euro/US$
• EUR COT
• Stlg/US$
• STLG COT
• US$/Yen
• YEN COT
• CHF COT
• US$/CHF
• US$/NOK
• US$/SEK
• US$/CAD
• CAD COT
• AUD/US$
• AUD COT
• NZD/US$
• NZD COT
• Euro/Stlg
• Euro/Yen
• Euro/CHF
• AUD/YEN
• CHF/YEN
• STLG/YEN
• USD/BRL
• USD/RUB
• US$/ZAR
• US$/MXN
• USD/ILS
• Asian ADXY
• US$/Renminbi
• US$/KRW
• US$/SGD
• US$/INR
• US$/TWD
• USD/THB
• US$/MYR
• US$/IDR
• US$/PHP
• RATIO: Bitcoin vs. Nasdaq
• RATIO: Bitcoin vs. MicroStrategy
• MicroStrategy
• Bitcoin
• Ethereum
• RATIO: Bitcoin vs. Ethereum

Interest Rates (39 charts):
• US30yr Yield
• US10yr Yield
• US2yr Yield
• US10yr TIPs Yield
• US2yr-10yr Yield Spread
• US10-DE10yr Yield Spread
• DE10yr Yield
• DE2yr-10yr Yield Spread
• DE2yr Yield
• UK10yr Yield
• Australia 10yr Yield
• Canada 10yr Yield
• Canada 2yr Yield
• Japan 10yr Yield
• Japan 30yr Yield

How to buy the Currencies + Interest Rates Mid-Year Video Outlook 2026

Simply click on this FX + Bonds PayPal Payment link to purchase the CURRENCIES + INTEREST RATES Video Outlook 2026 for USD 99.00 (+ VAT where applicable) or alternatively our Triple Video Offer for USD 211.00 (+ VAT where applicable).

Each video runs for at least up to 2 hours and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Indices Video is 2 hour 10 mins long!)

We’re sure you’ll reap the benefits – don’t forget to contact us with any Elliott Wave questions – Peter is always keen to hear your views, queries and comments.

Visit us @ www.wavetrack.com

Category: AUD vs USD, AUD/YEN, AUDNZD, AUDUSD, Bitcoin, CHF/Yen, CryptoCurrency, Currencies, Currencies + Interest Rates Video Outlook, EUR vs CHF, EUR/CHF, EUR/USD, Euro / US$, EURUSD, Fibonacci Trading, Fibonacci-Price-Ratio, forex, FX, GBP/AUD, GBP/USD, Interest Rates, STLG/AUD, Stlg/US$, STLG/USD, STLG/YEN, US Dollar Index (DXY) (USDX), US$ Index, US-Dollar Index, US10yrYields, USD, USD/CNY, USD/IDR, USD/INR, USD/MXN, USD/NOK, USD/SEK, USD/SGD, USD/THB, USD/YEN, USD/ZAR, Yields

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