2026.07.03 2026.07.03 EUR/USD: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 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 1.1473 with a target of 1.1124–1.0892. A sell signal: the price holds below 1.1473. Stop Loss: above 1.1515, Take Profit: 1.1124–1.0892. Alternative scenario: Breakout and consolidation above the…

Read more

Japan’s largest union group Rengo confirms that the final tally of the annual labour talk results showed that Japanese firms have agreed to raise pay by 5.01% on average this year. This figure is of course watered down from the 5.26% according to preliminary estimates, as is typically the case. That now makes it three years in a row…

Read more

UOB’s Quek Ser Leang notes that USD/CNH has seen a slight pickup in downward momentum, but still expects the pair to remain range-bound. The bank now looks for a lower intraday band around 6.7820–6.7940, while its 1–3 week view stays neutral, with USD/CNH likely to trade between 6.7750 and 6.8080. USD/CNH seen holding defined ranges “24-HOUR VIEW: Two days…

Read more

2026.07.03 2026.07.03 GBP/USD: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction is completed, consider short positions below the level of 1.3467 with a target of 1.3050–1.2936. A sell signal: the correction ends and the price holds below 1.3467. Stop Loss: above 1.3510, Take Profit: 1.3050–1.2936….

Read more

This time the calendar was right: a payrolls miss and a dovish Warsh sank the dollar. Scenario C was operative, and all five asset directions came in.

Read more

Rate hikes by year-end RBNZ: 62 bps (82% probability of rate hike at the next meeting) Fed: 30 bps (83% probability of no change at the next meeting) ECB: 24 bps (72% probability of no change at the next meeting) BoJ: 20 bps (99% probability of no change at the next meeting) BoE: 18 bps (93% probability of no…

Read more

The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market Committee (FOMC) minutes and Initial Jobless Claims will test the US Dollar’s (USD) resilience. The US Dollar Index (DXY) trades lower…

Read more

2026.07.03 2026.07.03 USD/JPY: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 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 159.83 with a target of 165.00–170.00. A buy signal: the price holds above 159.83. Stop Loss: below 159.30, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below 159.83 will allow the…

Read more

A sharply weaker U.S. June jobs report sent the dollar to the bottom of the majors, lifted gold near 2%, and cooled the rate-hike pricing built up under Fed Chair Warsh.

Read more

Gold rallied in Asia and has held its gains since in quiet holiday trading. It’s up $53 to $4147 and looking to climb for the first week in five. The gain today came in a burst in Asia and topped out at $4194 before chopping sideways. Gold 10 minutes Gold has struggled since topping at $5418 just before the…

Read more