The USD/JPY stages a recovery on Friday with buyers claiming 153.00, an indication that the uptrend might resume in the short term. The 100-pip or 0.68% Thursday’s loss was offset by traders buying the US Dollar due to its close correlation with the US 10-year Treasury note yield, which was steady during the trading day. USD/JPY Price Forecast: Technical…
2025.11.07 2025.11.07 XAU/USD: Elliott Wave Analysis and Forecast for 07.11.25 – 14.11.25 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 4,150.00 with a target of 3,742.00 – 3,335.00. A sell signal: the price holds below 4,150.00. Stop Loss: above 4,150.00, Take Profit: 3,742.00 – 3,335.00. Alternative…
The dollar flexed early before China’s tariff announcement flipped sentiment. Shocking US job cuts data and surprise Canadian employment gains dominated, while central bank comments kept traders guessing throughout.
US stocks are closing mixed with the Dow and the S&P closed modestly higher, the Nasdaq still closed lower but still fell by 3% this week for its worst week since the March 31 week. A snapshot of the closing levels shows: Dow industrial average rose 74.80 points or 0.16% at 46987.10. At session lows, the Dow was down…
The Dow Jones Industrial Average (DJIA) took another leg lower on Friday, testing below the 46,800 level for the first time in almost three weeks before barely managing to squeeze back to flat for the day as an AI stock pullback and withering consumer survey results drag down both sides of the investment-consumption equation. Friday would have seen the…
2025.11.07 2025.11.07 Top 10 Strongest Currencies in the World in 2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ In the context of global economic uncertainty, the foreign exchange market is exposed to a multitude of factors that determine the value of national currencies. Key indicators such as inflation, interest rates, and trade balances play a pivotal role in shaping exchange rates. As a rule,…
Unless you were too busy checking out your AI investments, you should know that the Bank of England (BOE) held its interest rates at 4%, but just barely. The vote split 5 to 4, with four members wanting to cut immediately, much tighter than the 6 to 3 economists expected. Governor Andrew Bailey cast the deciding vote to wait,…
On Tuesday, the AUDUSD fell sharply with the US stocks tumbling lower. On Wednesday, the pair moved higher as stocks corrected some of the declines. Yesterday, it was back down as stocks slid again. Today with the stocks falling again, the AUDUSD has not moved lower, but is trading up and down within a technical range. The price action…
AUD/USD trades sideways on Friday, around 0.6480 at the time of writing, following the release of a key indicator that showed a significant deterioration in US consumer confidence. The University of Michigan’s Consumer Sentiment Index dropped to 50.3 in November from 53.6 in October, missing expectations of 53.2, reflecting growing concerns about inflation and the broader economic outlook. Breaking…
2025.11.07 2025.11.07 Cardano (ADA) Price Prediction for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Cardano (ADA) has kept investor interest alive for several years, thanks to its regular innovations that enhance the network’s operations. A significant milestone in the blockchain platform’s development in 2024 was the Chang upgrade, aimed at bolstering decentralization and refining its governance structure. Such changes…
