Crude oil futures settled $71 a barrel, up $0.39 or 0.55%. For the week, the price of crude oil has moved down -2.12% This article was written by Greg Michalowski at www.forexlive.com.

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Amazon stock trails 2% lower on Friday after Q4 beat. Q1 guidance for net sales, operating income failed to impress. Q4 EPS of $1.86 beat consensus by a sizable 38 cents. January US Nonfarm Payrolls came in well below expectations.   Amazon (AMZN) stock tripped over 2% lower on Friday following fourth-quarter results released late Thursday. The ecommerce and…

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2025.02.07 2025.02.07 USD/СAD: Elliott Wave Analysis and Forecast for 07.02.25 – 14.02.25 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 1.4805 with a target of 1.4117 – 1.3950. A sell signal: the level of 1.4805 is broken to the downside. Stop Loss: above 1.4850, Take Profit:…

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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…

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GBP/USD holds to earlier gains near 1.2450 post US jobs data The Pound Sterling registered gains versus the US Dollar on Friday following a softer-than-expected US Nonfarm Payrolls report. The GBP/USD seesawed within a 1.2418 – 1.2491 range and traded at 1.2451, up 0.15%. Read More… Pound Sterling gives up gains against USD after US NFP release The Pound Sterling (GBP) surrenders its…

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2025.02.07 2025.02.07 USD/CHF: Elliott Wave Analysis and Forecast for 07.02.25 – 14.02.25 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 0.9201 with a target of 0.8724 – 0.8386. A sell signal: the level of 0.9201 is broken to the downside. Stop Loss: above 0.9250, Take Profit:…

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The USD moved sharply higher at the start of the week on the Canada and Mexico tariff news. Those tariffs got a reprieve and the USD moved lower. Today, the greenback was mixed after the jobs report and the Michigan consumer sentiment but for the week, the greenback was mostly lower. The only currency that the USD moved higher…

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WTI crude oil surges as US labor market data fuels demand optimism. Nonfarm Payrolls miss expectations, but wage growth remains strong. The labor force participation rate edges higher, supporting the energy demand outlook. The West Texas Intermediate (WTI) crude oil prices climbed on Friday to around $70.80, buoyed by renewed optimism over energy demand following the latest United States…

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2025.02.07 2025.02.07 Silver Has to Survive Tariff Turmoil. Forecast as of 07.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In the years of the first trade war, silver faced issues due to supply chain disruptions and a slowdown in industry. Will the events from 7 years ago repeat? Let’s discuss it and make a trading plan for XAGUSD. The article covers the following subjects:…

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Tariffs headlines were still front and center in terms of driving market sentiment for the most part of the week, although there were positive developments that brought some risk-on vibes. The economic spotlight was also on the monthly U.S. employment update, allowing jobs-related indicators to push major currency pairs around, before the Bank of England’s (BOE) surprise “dovish…

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