EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates. Euro supported by upbeat PMIs; Moody’s warning on France limits upside momentum Inflation data in the US…
2025.10.24 2025.10.24 GBP/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 1.3470 with a target of 1.3137 – 1.2936. A sell signal: the price holds below 1.3470. Stop Loss: above 1.3510, Take Profit: 1.3137 – 1.2936. Alternative…
Trade optimism around the Trump-Xi summit anchored markets, but UK fiscal concerns, Russian oil sanctions, and softer US inflation created diverging currency moves throughout the volatile week.
The latest U.S. CPI report showed inflation still running 100 basis points above the Fed’s 2% target, with both headline and core readings at 3.0%. Yet, since that was slightly below the 3.1% consensus, traders viewed it as a modest relief. The data helped reinforce expectations that the Fed will cut rates by 25 basis points at next Wednesday’s…
USD/CHF remains subdued on Friday, yet the pair trades below 0.8000, poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956, virtually unchanged. USD/CHF Price Forecast: Technical outlook The USD/CHF pair continued to consolidate this week. Although traders are facing stir resistance at the confluence of the 20…
2025.10.24 2025.10.24 USD/JPY: 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 long positions from corrections above the level of 149.37 with a growth target of 156.50 – 158.85. A buy signal: the price holds above 149.37. Stop Loss: below 148.90, Take Profit: 156.50 – 158.85….
The major stock indices are extending to new session rise as the day works toward a close. The NASDAQ index is up 317 points or 1.3%. The S&P index is now up 1% on the day. Both the S&P and NASDAQ are on pace to close at record levels as is the Dow industrial average which is currently up…
The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data. At the time of writing, AUD/USD trades around 0.6511, holding steady after earlier swings following the release of the US Consumer Price Index (CPI) and S&P Global Purchasing Managers Index (PMI) reports….
2025.10.24 2025.10.24 WTI Crude Oil: 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 66.20 with a target of 53.50 – 45.00. A sell signal: the price holds below 66.20. Stop Loss: above 67.00, Take Profit: 53.50 –…
Oil had a monster day on Thursday, clocking its biggest one-day jump in more than four months. WTI crude popped 5.6% to hit $62 a barrel, while Brent climbed all the way to $66. And no, it’s not because Nobody Wants This Season 2 just dropped and everybody decided to Netflix and chill instead of driving around. This week,…
