Earlier reports are wrong, tariffs are coming February 1

United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that the Trump administration would…

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WTI Crude Oil: Elliott wave analysis and forecast for 31.01.25 – 07.02.25

2025.01.31 2025.01.31 WTI Crude Oil: Elliott Wave Analysis and Forecast for 31.01.25 – 07.02.25 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 67.08 with a target of 85.00 – 94.97. A buy signal: the price holds above 67.08. Stop Loss: below 66.50, Take Profit: 85.00 –…

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AUD/USD edges higher despite tariff concerns

Trump reiterates tariff threats on Mexico, Canada, and China. Fed maintains cautious stance on inflation risks, holding rates steady. AUD/USD hovers near 0.6215 amid RBA rate cut bets and China’s economic slowdown. The AUD/USD pair trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats from US President Trump….

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FX Options Trading: Strategies and Insights for Forex Market Success

2025.01.31 2025.01.31 Forex Options Trading Explained Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Derivatives are a common trading instrument, and traders often choose futures or CFDs on Forex pairs. However, Forex options trading represents probably the most effective and profitable instrument. The popularity of this derivative has grown significantly, largely due to the rapid expansion of binary options trading. Owing to their cost-effectiveness, trading…

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XAU/USD: Elliott wave analysis and forecast for 31.01.25 – 07.02.25

2025.01.31 2025.01.31 XAU/USD: Elliott Wave Analysis and Forecast for 31.01.25 – 07.02.25 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 2690.64 with a target of 2880.00 – 3000.00. A buy signal: the price holds above 2690.64. Stop Loss: below 2670.00, Take Profit: 2880.00 – 3000.00. Alternative…

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Get to Know the 3 Basic Trader Personality Profiles

In his book, “Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis,” author Richard Weissman identifies three basic trader personality profiles. Can you identify with one of the trading personalities below? Let’s discuss the trend-followers, day traders, and mean reversion traders: 1. Trend-Following Trader Weissman enumerates two traits necessary for successful trend followers: patience and fortitude. Trend-following mechanical systems get traders in strong directional moves, and…

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