The Dow Jones shed around 150 points on Friday, falling back to 41,225. Investors are bracing for geopolitical tensions as the US and China head for initial trade talks. Even a social media post from President Trump pondering 80% tariffs could bolster market sentiment. The Dow Jones Industrial Average (DJIA) followed the broader market lower on Friday, falling below…
2025.05.09 2025.05.09 USD/JPY: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25 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 145.90 with a target of 138.65 – 131.50. A sell signal: the price holds below 145.90. Stop Loss: above 146.30, Take Profit: 138.65 – 131.50. Alternative…
According to Reuters,: Iran is preparing to send Russia launchers for short range ballistic missiles. That is a negative for two reasons. For one, the US is trying to put a governor on Iran and have them get more in line. The second isssue is the US and Trump administration is getting increasingly frustrated with Russia’s behavior with regard…
White House Press Secretary Karoline Leavitt addressed media staff on Friday, walking back some of the tone and market interpretations of President Donald Trump’s early morning tweets. Key highlights Trump confident in US Treasury Secretary Bessent with discussions (with China). The US needs to see concessions from China. Trump committed to the 10% baseline tariff. The 10% baseline tariff…
2025.05.09 2025.05.09 WTI Crude Oil: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25 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 72.40 with a target of 52.80 – 45.00. A sell signal: the price holds below 72.40. Stop Loss: above 73.00, Take Profit: 52.80 –…
NZDUSD technicals NZDUSD attempted a downside break today, falling below key swing support and the 200-day moving average 0.58836, but after reaching a low of 0.5869, the price quickly rebounded, disappointing the sellers. The price is now showing signs of stabilization with the buyers pushing back higher. Sellers had their shot below 0..5883 to 0.58927. They missed. Earlier this…
EUR/JPY trades near 163.45, slipping after rejection from 163.94 resistance. Caution ahead of ECB’s Schnabel speech limits Euro support, despite ECB-BoJ policy gap. Soft Japanese data underscores Yen weakness, but safe-haven demand keeps gains in check. US–China trade talks revive risk appetite, though Trump’s tariff threat tempers optimism The EUR/JPY pair is trading lower on Friday, weighed down by…
2025.05.09 2025.05.09 XAU/USD: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25 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 the level of 3189.35 with a target of 3800.00 – 4200.00. A buy signal: the price holds above 3189.35. Stop Loss: below 3150.00, Take Profit: 3800.00 – 4200.00. Alternative…
Losing is inevitable in trading, so you might as well learn how to deal with losses. In forex trading (as in life in general), there will always be ups and downs. Most traders, especially those who are new to the game, can only stay motivated while winning and tend to feel defeated when the losses pile up. Working with…
Now is a time of great uncertainty and change. Central bank independence delivers better outcomes. No comments on monetary policy or economic outlook. This article was written by Giuseppe Dellamotta at www.forexlive.com.
