The Canadian dollar is down against the US dollar but it’s actually outperforming every currency aside from the dollar. That’s a better read on how the loonie has reacted to the latest Trump tariff threats than USD/CAD alone, which is up 105 pips to 1.3594. Even with that pair, if you zoom out over a couple weeks, today’s climb…
EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve. At the time of writing, the pair traded at 1.1882 down from daily highs of 1.1974. Euro sinks…
2026.01.30 2026.01.30 GBP/USD: Elliott Wave Analysis and Forecast for 30.01.26–06.02.26 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 the level of 1.3342 with a target of 1.4050–1.4300. A buy signal: the price holds above 1.3342. Stop Loss: below 1.3342, Take Profit: 1.4050–1.4300. Alternative scenario: Breakout and consolidation below the…
The final week of January 2026 delivered some of the most dramatic forex market action in recent memory, as currency traders navigated a perfect storm of policy uncertainty, precious metals carnage, and whiplash-inducing dollar volatility. What started as speculation about coordinated yen intervention evolved into a full-blown currency policy debate after President Trump’s eyebrow-raising comments about dollar weakness, only…
Markets: Gold down $530 to $4860 Silver down $33 to $82.70 WTI crude oil up 47-cents to $65.90 S&P 500 down 0.4% Nasdaq down 0.9% US 10-year yields up 1.8 bps to 4.24% USD leads, AUD lags It was a day for the ages in the precious metals market as gold fell 10% and silver fell 30% in its…
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2026.01.30 2026.01.30 WTI Crude Oil: Elliott Wave Analysis and Forecast for 30.01.26–06.02.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 70.00 with a target of 50.50–45.00. A sell signal: the price holds below 70.00. Stop Loss: above 70.00, Take Profit: 50.50–45.00. Alternative scenario: Breakout…
Most of us perceive that keeping a cool head in the midst of a large drawdown is the key to becoming consistently profitable. Keeping track of your forex trading performance and emotions when you’re winning is just as important. You wouldn’t want to lose your mojo while you’re on a winning streak, would you? If you answered “NO,” then you better watch for…
Oil prices are marginally higher today as we watch and wait on Iran. Trump is out once again reminding everyone that an ‘armada’ is heading towards Iran and it’s even bigger than the one that went to Venezuela. That’s obviously a threat and will hang over any negotiation. This is the kind of thing that can get ugly fast…
DBS Bank’s Group Research projects that the Bank of Korea (BOK) will keep its base rate unchanged at 2.50% throughout 2026. The report indicates that January inflation is expected to ease, reflecting subdued demand-side pressures and stable supply-side conditions. The BOK has signaled an end to its rate-cut cycle, aligning with the current economic outlook. BOK monetary policy outlook…
