USD/JPY: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26

2026.07.31 2026.07.31 USD/JPY: 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 157.85 with a target of 166.50–170.00. A buy signal: the price holds above 157.85. Stop Loss: below 157.20, Take Profit: 166.50–170.00. Alternative scenario: Breakout and consolidation below 157.85 will allow the…

Read more

Bulls eye 0.6000 after SMA break

The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995. NZD/USD Price Forecast: Technical outlook The daily chart shows that market structure…

Read more

WTI Crude Oil: Elliott Wave Analysis and Forecast for 31.07.26–07.08.26

2026.07.31 2026.07.31 WTI Crude Oil: 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 77.05 with a target of 105.17–115.50. A buy signal: the price holds above 77.05. Stop Loss: below 75.50, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 77.05 will…

Read more

U.S. Rig Count Edges Higher

The U.S. rig count was little changed this week, with the total number of active rigs rising by 1 to 588. Oil rigs increased by 1, while natural gas and miscellaneous rigs were unchanged. Compared with a year ago, the total rig count is 48 rigs higher, led by a **41-rig increase in oil drilling. Category This Week Change…

Read more

Economics week ahead

U.S. week ahead Employment • Friday Labor market conditions appear to have been little changed in July. Nonfarm payroll growth averaged 92K over the first half of the year, and we look for a similar 95K increase in July. Small business hiring plans improved in June and initial jobless claims moved lower between survey weeks, suggesting layoffs remain limited….

Read more

How to Trade Commodities in 2026 Guide

2026.07.31 2026.07.31 How to Trade Commodities: A Beginner’s Guide Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Many people think commodity trading is mainly about analyzing seasonal trends. In reality, the most popular commodities are highly liquid, making them suitable for intraday trading and even scalping. Thanks to the liquidity of commodity futures, traders can profit from short-term price movements with almost any amount of…

Read more