Weekly Price Action Crude oil futures settled the week on a soft note, closing at $57.44, down $0.16 or -0.28% for the day. For the week, the commodity saw significant selling pressure: Weekly Change: Down -4.54%, a decline of $3.12. The Highs: The week’s high was reached on Monday at $60.30. The Lows: Sellers pushed the price to a…
The Dow Jones Industrial Average (DJIA) retreated from record intraday highs on Friday alongside its major index peers as investors continued rotating out of technology and into value-oriented sectors. The Dow briefly hit a new intraday record before pulling back 0.30%. Despite some deflation in the US tech space in the back half of the trading week, the Dow…
2025.12.12 2025.12.12 WTI Crude Oil: Elliott Wave Analysis and Forecast for 12.12.25 – 19.12.25 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 60.15 with a target of 53.50 – 45.00. A sell signal: the price holds below 60.15. Stop Loss: above 61.00, Take Profit: 53.50 –…
With the Dow industrial average down -0.47%, the S&P down -1.36% and the NASDAQ index down -2.0%, the European declines today are modest. The UK’s FTSE 100 led the declines, likely weighed down by earlier reports that the UK economy unexpectedly shrank in October. A snapshot of the closing levels shows the: European Market Close Summary Index Country Last…
The Pound Sterling (GBP) remains under pressure heading into 2026 amid flat UK growth and the Bank of England’s ongoing easing cycle. Political uncertainties and ECB rate expectations support a gradual rise in EUR/GBP, projected to reach 0.89 over the next six months, Rabobank’s FX analyst Jane Foley reports. UK growth flatlines as BoE easing persists “Despite the relief…
2025.12.12 2025.12.12 XAU/USD: Elliott Wave Analysis and Forecast for 12.12.25 – 19.12.25 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 4,161.10 with a target of 4,600.00 – 4,800.00. A buy signal: the price holds above 4,161.10. Stop Loss: below 4,120.00, Take Profit: 4,600.00 – 4,800.00. Alternative…
Now that the dust seems to have settled after this week’s crazy events, are markets about to go in quiet mode and is there anything we can learn from it? Making money in a trending or high-volatility trading environment is easier for many traders. Strong trends and volatile currency pairs usually offer the best opportunities using the classic buy-low-then-sell-high…
It is two days after the FOMC rate decision where the voting members decided by a 9-3 vote to cut rates by 25 basis points with 2 voting to keep rates unchanged and 1 (Miran) voted for a 50 basis point cut. Miran. Fed’s Goolsbee and Paulson are out with comments as to their choices and whys. Austan Goolsbee…
USD recovered some of yesterday’s losses and trading close to the middle of its range in place since June. The MSCI All Country World Index rallied to a record high yesterday underpinned by Fed easing and resilient global economic activity. USD has room to edge down to the lower-end of its range as it converges towards the level implied by US-G6…
2025.12.12 2025.12.12 EUR/USD: Elliott Wave Analysis and Forecast for 12.12.25 – 19.12.25 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 1.1612 with a target of 1.1915 – 1.2100. A buy signal: the price holds above 1.1612. Stop Loss: below 1.1570, Take Profit: 1.1915 – 1.2100. Alternative…
