European shares are closing mostly higher on Friday, but the gains were not enough to erase losses for most of the major indices this week. The broader STOXX 600 is also on pace for a weekly decline as elevated bond yields and oil prices continue to weigh on sentiment. European closing levels: German DAX, +0.59% at 26,136.57 France’s CAC,…
The week in one sentence: Speculative positioning turned more constructive in the week to August 18. WTI recorded the largest increase, followed by a sharp narrowing in CAD net shorts. VIX and JPY positioning moved the other way, while Gold remained the clearest crowded long despite a softer spot price. WTI: Positioning rebounds with prices Speculative net longs in…
2026.08.21 2026.08.21 USD/CAD: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26 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 1.3900 with a target of 1.3548–1.3400. A sell signal: the price holds below 1.3900. Stop Loss: above 1.3940, Take Profit: 1.3548–1.3400. Alternative scenario: Breakout and consolidation above the…
The weekly Baker Hughes rig count shows: Crude oil rigs -3 at 452 Natural Gas rigs -1 at 127 Total rigs -5 at 588 For the year: Oil was 412 Natural Gas was at 122 Total rigs was at 539. Crude oil is trading at $87. That’s up $0.17 on the day. For the trading week, the price is…
Ethereum price today: $2,520 Ethereum ETFs are on track to record their best week in 2026 after recording four consecutive days of net inflows worth $220.7 million. Profit-taking and long-term holders’ distribution have been calm, strengthening the bullish momentum. ETH could stretch its rally to $2,750 if it holds above $2,431. Ethereum (ETH) is up 8% on Friday, extending…
2026.08.21 2026.08.21 USD/CHF: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8132 with a target of 0.7755–0.7593. A sell signal: the price holds below 0.8132. Stop Loss: above 0.8170, Take Profit: 0.7755–0.7593. Alternative scenario: Breakout and consolidation above the…
AUDUSD is the biggest mover today and trades at highest level since early June !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The USD/CHF advanced on Friday, registering a modest 0.07% gain, trading at 0.8010. During the week, the pair finished with losses of over 1.49%, triggered by a drop in US yields on Wednesday, as the US Treasury tries to cap elevated yields on the 30-year bond. USD/CHF Price Forecast: Technical Outlook USD/CHF price action shows some “sort” of consolidation,…
2026.08.21 2026.08.21 EUR/USD: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26 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 1.1564 with a target of 1.1790–1.2088. A buy signal: the price holds above 1.1564. Stop Loss: below 1.1520, Take Profit: 1.1790–1.2088. Alternative scenario: Breakout and consolidation below 1.1564 will allow the…
Nasdaq and S&P indices are settling between risk/bias defining MAs as the week comes to a close !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
