2026.07.17 2026.07.17 GBP/USD: Elliott Wave Analysis and Forecast for 17.07.26–24.07.26 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 1.3650 with a target of 1.3050–1.2936. A sell signal: the price holds below 1.3650. Stop Loss: above 1.3690, Take Profit: 1.3050–1.2936. Alternative scenario: Breakout and consolidation above the…

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The dollar and the yen are pulling in the same direction on the daily and weekly charts, but the short-term chart shows indecision.

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Here is an interesting chart from Luke Kawa. It shows monthly returns of Goldman Sachs’ basket of retail favorite stocks. It’s down 12% this month through yesterday, which would make it the worst month since April 2022. Note that the bad and good months tend to cluster as momentum takes over. There were a couple spectacular months just after…

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United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact. Over 1–3 months, they see tentative upside potential if key technical resistance is broken….

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2026.07.17 2026.07.17 USD/JPY: Elliott Wave Analysis and Forecast for 17.07.26–24.07.26 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 161.55 with a target of 166.50–170.00. A buy signal: the price holds above 161.55. Stop Loss: below 161.00, Take Profit: 166.50–170.00. Alternative scenario: Breakout and consolidation below 161.55 will allow the…

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Oil ripped, stocks slipped, and the dollar couldn’t pick a lane. Iran tensions, cool U.S. inflation, and a Chinese AI scare drove a wild week across markets.

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DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026. Growth is expected to benefit from the AI-driven semiconductor sector, while Consumer Price Index (CPI) inflation…

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2026.07.17 2026.07.17 Gold Lacks Bullish Catalysts. Forecast as of 17.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ If the market fails to move in the expected direction, it is more likely to move in the opposite direction. XAU/USD‘s rally following softer inflation data proved short-lived. The precious metal is back under bearish pressure. Let’s discuss this topic and outline a trading plan. The article…

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GBP/AUD is knocking on a key resistance zone after seeing a sharp upswing in the last trading sessions. Will we see a breakout today?

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