The GBPUSD is waking up and trying to take more control with a push to the upside, but there is work to be done. Looking at the hourly chart of the GBPUSD, the pair has been battling back and forth, trying to find a direction. We established a nice double bottom floor at the 1.3038 level—holding yesterday and testing…
West Texas Intermediate (WTI) US Oil trades around $57.60 on Friday at the time of writing, down 1.90% on the day. The Crude Oil extends its three-day losing streak, slipping below the $58.00 level as investors reassess geopolitical risks in Eastern Europe amid signs that a potential peace agreement in Ukraine may be taking shape. According to multiple media…
2025.11.21 2025.11.21 USD/CAD: Elliott Wave Analysis and Forecast for 21.11.25 – 28.11.25 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 1.4141 with a target of 1.3720 – 1.3570. A sell signal: the price holds below 1.4141. Stop Loss: above 1.4141, Take Profit: 1.3720 – 1.3570. Alternative…
Trump hates to the see the market go down. There is a breaking report about Trump’s team floating selling H200 Nvidia chips to China. This idea has come and gone a couple times in the past month. There is a pop in Nvidia shares on this. There is also a pop in the broad market on this and it’s…
Gold (XAU/USD) remains steady during the North American session on Friday as a Federal Reserve (Fed) officials opened the door for a cut at the December meeting. At the time of writing, XAU/USD trades at $4,096, up by 0.53%, after hitting a daily high of $4,101. XAU/USD edges higher despite mixed US data, sharply shifting rate cut expectations Bullion…
2025.11.21 2025.11.21 USD/CHF: Elliott Wave Analysis and Forecast for 21.11.25 – 28.11.25 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 0.8130 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8130. Stop Loss: above 0.8130, Take Profit: 0.7700 – 0.7500. Alternative…
The President of the United States judges himself — seemingly every day — on the value of the Dow Jones Industrial Average. He is a person that can’t stand to see stock markets go down, even for a brief period. He has utterly convinced himself — and not entirely without reason — that American progress is whatever number is…
United States Baker Hughes US Oil Rig Count came in at 419, above forecasts (418)
2025.11.21 2025.11.21 EUR/USD: Elliott Wave Analysis and Forecast for 21.11.25 – 28.11.25 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 1.1656 with a target of 1.1252 – 1.1040. A sell signal: the price holds below 1.1656. Stop Loss: above 1.1656, Take Profit: 1.1252 – 1.1040. Alternative…
The major US indices had a volatile go at it today. The Dow industrial average had a range of about 800 points The S&P index had a range of 137 points or 2.07% The NASDAQ index had a range of 627 points or 2.28% The initial move was to the downside, and the selling took the price of the…
