The weekly Baker Hughes rig count data showed: Oil +2 to 420 Gas unchanged at 121 Total rigs +2 to 550 Crude oil rallied strongly this week, gaining 7.9%. The move higher was fueled by several catalysts. First, the U.S. government announced plans to purchase oil for the Strategic Petroleum Reserve (SPR), calling it “a great time to buy…
Gold (XAU/USD) stages a rebound on Friday, trimming intraday losses after softer-than-expected US Consumer Price Index (CPI) data. At the time of writing, XAU/USD is trading around $4,130, recovering from session lows near $4,044, though the metal remains on track to snap its nine-week winning streak. The weaker inflation data reinforced expectations of a 25-basis-point (bps) rate cut at…
2025.10.24 2025.10.24 USD/CHF: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 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 0.8080 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8080. Stop Loss: above 0.8120, Take Profit: 0.7700 – 0.7500. Alternative…
The EURUSD traded both lower and higher today, extending to the upside after the weaker U.S. CPI data. However, sellers leaned against a swing area between 1.1645 and 1.1659, capping the move and sending the pair back down. The price has since settled back between the 100 and 200 hour MAs (blue and green lines) between 1.1613 and 1.1633,…
Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week. XAU/USD trades at $4,127 after bouncing off daily lows of $4,043, courtesy of a mildly softer than expected Consumer Price…
2025.10.24 2025.10.24 EUR/USD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 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 1.1730 with a target of 1.1380 – 1.1200. A sell signal: the price holds below 1.1730. Stop Loss: above 1.1765, Take Profit: 1.1380 – 1.1200. Alternative…
Next week, the FOMC rate decision on Wednesday will be the highlight at 2 PM. Fed chair Powell press conference will follow at 2:30 PM ET. The Fed is expected to cut rates by 25 basis point after cutting rates by 25 basis point at the last meeting and forecasting to more interest rate cuts before the end of…
The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever. Investor sentiment hit high gear after US Consumer Price Index (CPI) inflation came in below expectations, keeping hopes for further interest rates from the Federal Reserve (Fed) pinned to the ceiling. Headline CPI inflation came in…
2025.10.24 2025.10.24 Google Forecast. Google Share Price Prediction: 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Alphabet (#GOOG) stocks are among the most stable and promising assets in the technology sector. The company holds a leading position in digital advertising, cloud technology, and artificial intelligence, making it attractive to investors. However, the stock price depends on a variety of factors,…
The major US stock indices closed at new record levels. Lower-than-expected CPI, the expectation for Fed cut next week, and FOMO (fear of missing out), sent prices higher. Intel did report better than expected earnings after the close yesterday, helping to send chip stocks higher. AMD was also boosted after IBM, said it is able to run a key…
