Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045. XAU/USD drops as Treasury yields, Fed dissents and inflation risks pressure Bullion…
2026.07.31 2026.07.31 USD/CAD: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.4130 with a target of 1.3900–1.3820. A sell signal: the price holds below 1.4130. Stop Loss: above 1.4170, Take Profit: 1.3900–1.3820. Alternative scenario: Breakout and consolidation above the…
The Fed held with no guidance, the dollar closed the weakest major, and Sunday’s 7,289 marker came within four points of the S&P’s low. Full grade inside.
The EURUSD has been on its own rollercoaster ride today, plunging sharply lower before staging an equally impressive rebound during the North American session. The initial selloff pushed the pair back below a key swing area between 1.1471 and 1.1482, a former resistance zone that had capped rallies since mid-June. That break triggered additional downside momentum, sending the pair…
The week in one sentence: EUR and JPY selling pushed positioning toward fresh bearish extremes, WTI improved through short covering despite a sharp price decline, and VIX shorts retreated as volatility moved higher. FX: Bearish extremes deepen The Euro (EUR) delivered the week’s clearest bearish signal. Speculators cut net positioning by 31,109 contracts, the sharpest decline since June, extending…
2026.07.31 2026.07.31 USD/CHF: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8206 with a target of 0.7755–0.7593. A sell signal: the price holds below 0.8206. Stop Loss: above 0.8245, Take Profit: 0.7755–0.7593. Alternative scenario: Breakout and consolidation above the…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional intervention, following Thursday’s action by Japanese authorities to boost the Yen. USD/CHF Price Forecast: Technical outlook The USD/CHF rebounded, reaffirming its upward…
2026.07.31 2026.07.31 EUR/USD: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 1.1350 with a target of 1.1790–1.2088. A buy signal: the price holds above 1.1350. Stop Loss: below 1.1305, Take Profit: 1.1790–1.2088. Alternative scenario: Breakout and consolidation below 1.1350 will allow the…
This week’s earnings season was dominated by the technology heavyweights. Microsoft delivered standout results that reignited enthusiasm around AI spending, while Amazon also impressed with strong cloud and advertising growth. Apple topped earnings estimates but offered a cautious outlook that weighed on the shares, and Meta came under pressure as investors remained concerned about the scale of its AI…
