2024.08.09 2024.08.09 USDJPY: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss: below 140.50, Take Profit:…

Read more

With less than an hour left to go in trading, the broader stock indices are trying to fight its way to a positive close for the trading week. Both the S&P and NASDAQ indices are currently on pace for a negative close. If it remains that way, it would represent the fourth consecutive down week for each of those…

Read more

2024.08.09 2024.08.09 WTI Crude Oil: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 79.40 with a bearish target of 70.50 – 67.60. A sell signal: after the price returns below 79.40. Stop Loss:…

Read more

The markets took a step back from pricing in their recession fears, leading to upticks for a lot of the major assets on Thursday. Which headlines helped boost market sentiment yesterday? We’re breaking them down for ya: Headlines: RICS: A measure of U.K. house price increases came in at -19% in July, more negative than June’s -17% reading Japan…

Read more

On the day: Stoxx 600 +0.6% German DAX +0.1% Francis CAC +0.3% UK’s FTSE 100 +0.3% Spain’s IBEX +0.7% Italy’s FTSE MIB +0.2% On the week: Stoxx 600 +0.3% German DAX +0.3% Francis CAC +0.1% UK’s FTSE 100 +0.1% Spain’s IBEX -0.4% Italy’s FTSE MIB -0.7% The STOXX 600 was down by as much as 3.6% early in the…

Read more

The prices of precious metals have recovered, Commerzbank’s commodity strategist Carsten Fritsch notes. Precious metals prices go up “Silver is trading at $27.5 per troy ounce again. Platinum is priced at $940 per troy ounce and Palladium at $930 per troy ounce. While Silver and Platinum have so far only regained some of their losses, Palladium has completely made…

Read more

2024.08.09 2024.08.09 XAUUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2364.60 with a growth target of 2560.00 – 2650.00. A buy signal: after the price returns above 2364.60. Stop Loss: below 2340.00, Take Profit:…

Read more

Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development circles. What are these…

Read more

Gold has perked up in the past few minutes, rising a few dollars to $2430. That comes after a large gain yesterday and a series of higher lows over the past month. Those are reasons for optimism. However the main feature on the daily chart is a double top near $2475. Gold daily So higher lows vs a double…

Read more