2025.01.10 2025.01.10 Loonie Caught the President Lying. Forecast as of 10.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Canada supplies approximately 20% of the oil consumed in the US, so introducing 25% tariffs on Canadian goods could be a huge mistake. However, resisting Washington may prove challenging without strong political leadership in Canada. Let’s discuss it and make a trading plan for USD/CAD. The…

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Our short orders on AUD/JPY were narrowly missed before sellers took control and take the pair much lower on souring broad market sentiment. Let’s do a quick review to see what we could do better going forward! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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U.S. labor market data continue to show strength towards the end of last year, in line with job openings data that turned around to rise consecutively in October and November, RBC Economics’ economists note. Fed set to hold this month “Concerns over substantial weakening in the jobs market have continued to ease, leaving the Fed with much less urgency…

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2025.01.10 2025.01.10 EUR/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: Consider long positions from corrections above the level of 1.0200 with a target of 1.0632 – 1.0940. A buy signal: the price holds above 1.0200. Stop Loss: below 1.0170, Take Profit: 1.0632 – 1.0940. Alternative…

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Currency markets kicked off 2025 with a bang, as shifting U.S. trade policy expectations, unexpected political developments, and a wave of economic data threw rate cut expectations into question. Global risk sentiment seesawed throughout the week, fueled by Trump’s tariff drama, U.K. fiscal jitters, and China’s deflation worries, keeping volatility high and central banks on alert. We’re…

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The major US stock indices are closing sharply lower on the day. The declines were led by the Russell 2000 which fell -2.22%. A snapshot of the closing levels shows: Dow industrial average -696.75 points or -1.63% at 41938.45 S&P index -91.21 point to rise 1.54% at 5827.04 NASDAQ index -317.25 points or -1.63% at 19161.63 Russell 2000 –…

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In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said if conditions are stable and there is no uptick in inflation, with full employment, rates should go down, per Reuters. Key takeaways “Will never complain about 250,000 jobs.” “Still should not over-index on individual job reports.” “Will have to process if retail gains…

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2025.01.10 2025.01.10 GBP/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: Consider long positions from corrections above the level of 1.2230 with a target of 1.2810 – 1.3054. A buy signal: the price holds above 1.2230. Stop Loss: below 1.2200, Take Profit: 1.2810 – 1.3054. Alternative…

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Traders had plenty to chew on during the first full trading week of 2025, with financial markets getting cues from tariffs-related headlines, leading U.S. jobs indicators, and Fed policy biases. Risk assets were mixed, though, as gold and oil took advantage of safe-haven flows from global uncertainties, while bitcoin and equities were being sold all week.  Here…

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