2026.05.08 2026.05.08 EUR/USD: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 1.1676 with a target of 1.2088–1.2400. A buy signal: the price holds above 1.1676. Stop Loss: below 1.1635, Take Profit: 1.2088–1.2400. Alternative scenario: Breakout and consolidation below 1.1676 will allow the…

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The WSJ is out with the latest leak on US-Iran negotiations: Talks could resume as early as next week Iran remains against transferring nuclear material Iran and the US working with mediators to formulate a 14-point MOU that would set the parameters for a month of talks to end the war The US would ‘wind back’ its blockade during…

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2026.05.08 2026.05.08 GBP/USD: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 1.3510 with a target of 1.4000–1.4300. A buy signal: the price holds above 1.3510. Stop Loss: below 1.3470, Take Profit: 1.4000–1.4300. Alternative scenario: Breakout and consolidation below 1.3510 will allow the…

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On the day: S&P 500 +0.85% Nasdaq Comp +1.7% DJIA flat Russell 2000 +0.75% Toronto TSX Comp +0.6% On the week: S&P 500 +2.3% Nasdaq Comp +4.5% DJIA +0.2% Russell 2000 +1.7% Toronto TSX Comp +0.5% The S&P 500 and Nasdaq Composite hit fresh all-time highs today. A surprisingly strong U.S. jobs report—adding 115,000 jobs in April versus the…

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2026.05.08 2026.05.08 USD/JPY: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 158.00 with a target of 152.10–145.50. A sell signal: the price holds below 158.00. Stop Loss: above 158.50, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the…

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The Strait of Hormuz dominated the May 4–8 trading week, whipsawing markets between war-premium surges and peace deal relief — with a blockbuster U.S. jobs report landing right in the middle.

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Markets: WTI crude oil down 7 cents to $94.76 US 10-year yields down 3.2 bps to 4.36% Gold up $30 to $4716 S&P 500 up 0.8% GBP leads, USD lags The tech optimism is at a fever pitch as the Nasdaq climbed for the sixth straight week, adding 30% in that time and another 5% this week. Chip names…

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