2025.01.10 2025.01.10 USD/JPY: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After correction ends, consider short positions below the level of 161.90 with a target of 148.50 – 138.65. A sell signal: if the price holds below 161.90. Stop Loss: above 162.20, Take Profit: 148.50 –…
The weekly Baker Hughes Rig count declined in the current week. Oil rigs -2 to 480 Nat Gas -3 to 100 Total rigs -5 to 584 This article was written by Greg Michalowski at www.forexlive.com.
The Dow Jones tumbled 700 points on Friday after NFP figures surged in December. Market bets for Fed rate cuts sank, rate traders now expect a single rate cut this year. Consumer sentiment and inflation expectations also rose, further hitting risk appetite. The Dow Jones Industrial Average (DJIA) took a hard hit on Friday after investor sentiment soured on…
2025.01.10 2025.01.10 WTI Crude Oil: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After correction ends, consider short positions below the level of 78.88 with a target of 61.50 – 53.60. A sell signal: the price holds below 78.88. Stop Loss: above 79.20, Take Profit: 61.50…
Bank of America no longer sees the Federal Reserve cutting rates at all in 2025. Separately, Citi has given up its call for a January rate cut (incredible they still had it) and now sees at May cut. Deutsche Bank has said the Fed is done for awhile. This article was written by Adam Button at www.forexlive.com.
EUR/USD dives to near 1.0200 on surprisingly robust US NFP data. US President-elect Donald Trump is expected to declare a national economic emergency. The Euro gains despite traders price in four interest rate cuts by the ECB this year. EUR/USD posts a fresh more-than-two-year-low near 1.0200 in Friday’s North American session. The major currency pair slides vertically as the United States (US) Nonfarm Payrolls…
2025.01.10 2025.01.10 XAU/USD: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 2728.40 with a target of 2500.00 – 2418.82. A sell signal: the price holds below 2728.40. Stop Loss: above 2735.00, Take Profit: 2500.00 –…
Like many high-performance endeavors, success in trading takes time, patience, and a lot of practice. This is why not many newbies successfully trade currencies on their first try. In fact, popular trading discussions estimate that only 2% of newbie traders eventually make money. So what makes it hard for beginners to stick to trading anyway? I’ve learned of countless…
Fundamental Overview The Nasdaq has been stuck in a big range since the last FOMC decision as the market perceived it as more hawkish than expected. The Fed continues to place a great deal on inflation progress to proceed with further rate cuts as highlighted by Fed’s Waller this week. Therefore, the market is waiting for more data to…
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $30.29 per troy ounce, up 0.63% from the $30.10 it cost on Thursday. Silver prices have increased by 4.83% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 30.29 1 Gram 0.97 The Gold/Silver ratio, which shows the number of…
