Gold price loses some 0.70% on Friday. It seems poised to end the week with losses of more than 2% as the Greenback remains the choice for safety amid the Middle East conflict, which has increased investors’ angst over a reacceleration of inflation. Also, a softer-than-expected reading of US growth data increased the chances of a rate cut in…
2026.03.13 2026.03.13 USD/JPY: Elliott Wave Analysis and Forecast for 13.03.26–20.03.26 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 157.26 with a target of 161.00–163.00. A buy signal: the price holds above 157.26. Stop Loss: below 157.26, Take Profit: 161.00–163.00. Alternative scenario: Breakout and consolidation below the level of 157.26…
USD/CHF is knocking on a key resistance zone after weeks of strength! Are we looking at an upside breakout in the making? Or will dollar bears step in to limit the Greenback’s gains? USD/CHF Daily Forex Chart Faster with TradingView The U.S. dollar has been king of pips several times in the past few days, as the U.S.-Israel war…
In markets there is often a ‘risk-off/risk-on’ dynamic around economic news. At the moment, that’s shifted to more of a war-on/war-off footing, or at least a shift in how long the war might take. This view is winning out at the moment: 1) The US tried to talk to Iran but Iran refused and is determined to make the…
United States Baker Hughes US Oil Rig Count increased to 412 from previous 411
2026.03.13 2026.03.13 XAU/USD: Elliott Wave Analysis and Forecast for 13.03.26–20.03.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above 4,840.00 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,840.00. Stop Loss: below 4,840.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,840.00 will…
Are you getting caught up in highly volatile market moves while sentiment keeps shifting on a dime? Here are some adjustments to consider. What is volatility anyway? Volatility refers to the amount by which an asset price fluctuates over a time period. It is measured by taking the standard deviation or the variance of price changes over a specified duration….
Prior month 6.542M revised to 6.550M JOLTs Job openings for January 6.946MM vs 6.700 M estimate. Hires 5.294M vs 5.272M prior (revised) Separations 5.105M vs 5.203M prior (revised) Quits 3.137M vs 3.225M prior (revised) Layoffs and discharges 1.631M vs 1.666M (revised) For 2025 what did the numbers do? Job openings: Annual average 7.1 million in 2025, down 571K from…
“New orders for manufactured durable goods in January, down three of the last four months, decreased $0.1 billion or virtually unchanged to $321.2 billion,” the US Census Bureau reported on Friday. This print followed the 0.9% decrease (revised from -1.4%) recorded in December and came in much weaker than the market expectation for an increase of 1.2%. “Excluding transportation,…
2026.03.13 2026.03.13 WTI Crude Oil: Elliott Wave Analysis and Forecast for 13.03.26–20.03.26 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 75.60 with a target of 126.00–150.00. A buy signal: the price holds above 75.60. Stop Loss: below 75.60, Take Profit: 126.00–150.00. Alternative scenario: Breakout and consolidation below 75.60 will…
