Here is my base case. Greenland: This is a real pet project of Trump’s. He’s a real estate guy, it’s the biggest island in the world and there are only 56,000 people there. Denmark is weak, there is already a US base on the island and there are probably a lot of natural resources waiting to be discovered. Plus,…
The Pound Sterling (GBP) is down on the day and is all but unchanged over a week when most of its peers have managed to grind out a gain on the USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP is little changed on the week “UK Retail Sales fell 0.6% in December, significantly weaker than consensus estimates (+0.3%)….
2025.01.17 2025.01.17 USD/СAD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Breakout and consolidation above the level of 1.4295 will allow the pair to continue rising to the levels of 1.4800 – 1.5200. A buy signal: the level of 1.4295 is broken to the upside. Stop…
In the video above, I take a look at the technicals driving the NZDUSD as we look toward the new trading week. The sellers are more in control below a cluster of MA with a high at 0.5612. If the price cannot get above those MAs, the sellers are in full control A move above that level, and there…
Colombia Retail Sales (YoY) above expectations (4%) in November: Actual (10.4%)
2025.01.17 2025.01.17 USD/CHF: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 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 price holds below 0.9201. Stop Loss: above 0.9245, Take Profit: 0.8724 – 0.8386. Alternative…
In the above video, I take a look at the technical levels in play for the AUDUSD heading into the new trading week. For the week, the low on Monday traded to a new low going back to 2020, but could not sustain the bearish momentum. The subsequent rise saw a double top established at the 0.62457 level. That…
The US Dollar is easing in the last trading session before Trump’s inauguration. Markets are clueless on what to do next after Fed’s Waller comments a March rate cut is still in the cards. The US Dollar Index (DXY) moves below 109.00 and is looking for further direction. The US Dollar Index (DXY), which tracks the Greenback’s value against six…
2025.01.17 2025.01.17 EUR/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 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 1.0425 with a target of 0.9950 – 0.9526. A sell signal: the price holds below 1.0425. Stop Loss: above 1.0475, Take Profit: 0.9950 – 0.9526. Alternative…
The major US stock indices are closing higher for the day and for the week. The week gain, is the first for the new trading year for the broader indices. For the day: Dow industrial average rose 334.70 points or 0.78% at 43487.83 S&P index rose 59.32 points or 1.00% at 5996.66 NASDAQ index rose 291.91 points or 1.51%…
