The major US indices are trading higher in the shortened trading day today. The major indices will close at 1 PM ET. The gains of modest with the S&P up 0.24%, the Dow industrial average up 0.29%, and the NASDAQ index up 0.32%. Each of the major indices have been higher for 4 consecutive days. Can they make it…
After a quarter severely impacted by trade tensions, the Canadian economy returned to growth in Q3 with an annualized increase of 2.6%, surprising economists by a wide margin. Trade data was the main driver of this volatility, significantly boosting growth in the third quarter after holding it back in the second, National Bank of Canada economists note. Trade-driven GDP…
2025.11.28 2025.11.28 USD/CAD: Elliott Wave Analysis and Forecast for 28.11.25 – 05.12.25 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 1.4123 with a target of 1.3720 – 1.3570. A sell signal: the price holds below 1.4123. Stop Loss: above 1.4123, Take Profit: 1.3720 – 1.3570. Alternative…
Sun: Opec-8 Meeting Mon: South Korean Prelim Trade Balance (Nov), Chinese RatingDog Manufacturing PMI Final (Nov), EZ/UK/US Manufacturing PMI Final (Nov), US ISM Manufacturing PMI (Nov), South Korean CPI (Nov) Tue: EZ Flash CPI (Nov), South Korean GDP Revised (Q3) Wed: Australian Real GDP (Q3), Chinese RatingDog Services/Composite PMI Final (Nov), EZ/UK/US Services/Composite PMI Final (Nov), Swiss CPI (Nov),…
Gold (XAU/USD) edges higher on Friday after a bout of volatility sparked by the CME trading outage briefly dragged prices lower. At the time of writing, XAU/USD is trading around $4,209, with the metal on track to notch its fourth straight monthly gain. Overall sentiment remains tilted to the upside as traders price in a greater likelihood of a…
2025.11.28 2025.11.28 USD/CHF: Elliott Wave Analysis and Forecast for 28.11.25 – 05.12.25 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 0.8100 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8100. Stop Loss: above 0.8100, Take Profit: 0.7700 – 0.7500. Alternative…
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…
West Texas Intermediate (WTI) US Oil trades around $59.30 on Friday at the time of writing, posting a 0.50% daily gain as investors adopt a cautious stance while monitoring ongoing efforts toward a Russia-Ukraine peace agreement. Market participants note that any potential breakthrough could eventually ease sanctions on Russian Crude Oil and release some restricted supply, although meaningful changes…
2025.11.28 2025.11.28 EUR/USD: Elliott Wave Analysis and Forecast for 28.11.25 – 05.12.25 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 1.1483 with a target of 1.1915 – 1.2100. A buy signal: the price holds above 1.1483. Stop Loss: below 1.1483, Take Profit: 1.1915 – 1.2100. Alternative…
The AUDUSD is breaking to a new high on the day with the price moving away from the 100 day MA at 0.65316 an above the ceiling for the week from yesterday’s high and the earlier high for the day near 0.6540. That has given the buyers the go-ahead to push higher iwth 0.6551 and then another swing area…
