The S&P 500 is down 2% at the moment and if it closes that way, it will be the first 2% (or more) loss since April 4. That was the Liberation Day rout and included a 6% closing decline. The worst day since then was August 1, when there was a 1.6% closing decline. Back in February, we started…
The Australian Dollar (AUD) slumps against the US Dollar (USD) on Friday, with AUD/USD plunging to over one-month lows after US President Donald Trump threatened a “massive increase” in tariffs on Chinese imports, reigniting fears of a renewed trade war between the world’s two largest economies. Given Australia’s close trade ties with China, the comments weighed heavily on the…
2025.10.10 2025.10.10 USD/CAD: Elliott Wave Analysis and Forecast for 10.10.25 – 17.10.25 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 1.3932 with a target of 1.4168 – 1.4316. A buy signal: the price holds above 1.3932. Stop Loss: below 1.3932, Take Profit: 1.4168 – 1.4316. Alternative…
Oil was having a rough day before Trump threatened China with fresh tariffs. It was bouncing around $60 and the lowest levels since May. But with the rout in markets following the Trump-China spat, we have crude down $2.60 to $58.91. That’s the lowest since May and the second-lowest weekly close in four years. The combination of OPEC rapidly…
West Texas Intermediate (WTI) US Crude Oil prices collapsed below $60.00 per barrel on Friday, tumbling over 4% in Oil’s worst single-day performance since June’s sharp pullback. Hopes for a cooling of tariffs between the US and China were swept off the table to end an otherwise unremarkable week, souring already-weak investor sentiment amidst an extending US government shutdown….
2025.10.10 2025.10.10 USD/CHF: Elliott Wave Analysis and Forecast for 10.10.25 – 17.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 0.8390 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8390. Stop Loss: above 0.8445, Take Profit: 0.7700 –…
It turns out you can put Humpty Dumpty together again. Lecornue resigned at the start of the week but he’s been re-appointed and is tasked with former a new French government, according a report in Elysee. Between this, Japan and Trump it’s going to be an interesting weekend in politics. This article was written by Adam Button at investinglive.com.
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid. XAU/USD trades at $3,997, up 0.60%, at the time of writing. Bullion’s boosted by escalating tariff threats…
2025.10.10 2025.10.10 Four Reasons to Buy Nikkei 225. Forecast as of 10.10.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Japan’s equity markets surged following Sanae Takaichi’s election victory. As a successor to Shinzo Abe’s “Three Arrows” economic philosophy, the new prime minister is expected to maintain a market-friendly stance. Could the Nikkei 225 be poised for new record highs? Let’s discuss it and outline…
It was a positive day for US equities until Trump blew it up at 10:30 am ET with a tweet threatening new tariffs on China because of rare earth controls. Details have been light since then but the market isn’t waiting for details. The last few months have been a smashing success for bulls and at this point, asset…
