The USD/CAD pair rises during the North American session, up 0.27% on Friday and over 1.34% for the week, with the pair remaining upward-biased and set to test higher prices seen last year. At the time of writing, the pair trades at 1.4175, after bouncing off daily lows of 1.4131. USD/CAD Price Forecast: Technical outlook Price action shows a…
2026.06.19 2026.06.19 XAU/USD: Elliott Wave Analysis and Forecast for 19.06.26–26.06.26 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 4,030.85 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,030.85. Stop Loss: below 3,960.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,030.85 will allow the…
EUR/GBP is still consolidating on its long-term time frame, as it bounced off the triangle bottom and is now setting its sights on the top. Will sellers return soon? Or will euro bulls keep charging enough to break higher? EUR/GBP Daily Forex Chart Faster with TradingView The European Central Bank (ECB) hiked interest rates last week, and officials are…
The party can’t last forever. Friday’s rally in stock markets — particularly in chip stocks — surprised me. The Fed was hawkish and stock market sold off during the FOMC press conference as bonds priced in a more-hawkish rate path. That all made perfect sense but then stocks immediately turned after the close and hit records on a few…
The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. GBP/USD trims losses as traders weigh Fed,…
2026.06.19 2026.06.19 How to Buy SpaceX Stock (SPCX) Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ SpaceX is no longer just Elon Musk‘s ambitious space project. It has become a leading force in the aerospace industry, driving down launch costs and opening new possibilities for commercial and government space missions. After years of anticipation, the company finally went public in one of the most talked-about…
Underneath the BOE headline hold at 3.75%, two members of the Monetary Policy Committee (MPC) broke ranks and voted to raise rates immediately.
A ‘senior US official’ cited by Reuters says that Israel and Lebanon have agreed to a ceasefire from 4 pm local time, which is just minutes from now. Oil prices gave up a 50 cent gain and turned negative on the headline. That’s now extended to being down 64 cents to $75.96. Earlier today, four Israeli soldiers were killed…
India FX Reserves, USD: $671.63B (June 8) vs previous $681.61B
2026.06.19 2026.06.19 USD/JPY: Elliott Wave Analysis and Forecast for 19.06.26–26.06.26 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 159.45 with a target of 165.00–170.00. A buy signal: the price holds above 159.45. Stop Loss: below 158.90, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below the level of 159.45…
