Could you please try the following steps:
- Open Photoshop Elements
- Click "Edit"
- Click "Preferences"
- Click "General"
- Click "Reset preferences on the next launch"
- Re-open the program & test "Move Tool" again.
If this doesn't help you then secondly,
- Select "Move Tool" from the toolbox.
- Restart Adobe Photoshop Elements & test "Move Tool" again.
Hope this helps