New Zealand Dollar extends losses to 0.5800 on track to a 2% weekly depreciation. The risk-averse sentiment ahead of Powell’s speech is underpinning the US Dollar. USD/JPY remains on the back foot since the RBNZ’s “dovish cut” earlier in the week. The New Zealand Dollar extends losses for the fifth consecutive day against a firmer US Dollar, with investors…
2025.08.22 2025.08.22 GBP/USD: Elliott Wave Analysis and Forecast for 22.08.25 – 29.08.25 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 1.3132 with a target of 1.3850 – 1.4000. A buy signal: the price holds above 1.3132. Stop Loss: below 1.3030, Take Profit: 1.3850 – 1.4000. Alternative…
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GBP/USD: Friday correction after surge On Friday, the GBP/USD pair declined to 1.3401 after strong gains earlier in the week. The previous rally was triggered by July business activity data, which showed the best performance in a year, mainly supported by the services sector. The release came alongside fresh UK inflation statistics, which briefly lifted sterling. However, economists noted…
2025.08.22 2025.08.22 USD/JPY: Elliott Wave Analysis and Forecast for 22.08.25 – 29.08.25 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 146.78 with a target of 154.80 – 158.85. A buy signal: the price holds above 146.78. Stop Loss: below 144.80, Take Profit: 154.80 – 158.85. Alternative…
Major US stock indices moved sharply higher with the flow of funds heading into the small-cap Russell 2000 leading the way with a gain of 3.86%. The gain was the largest for the index since April 9. The 3 major indices also closed higher with the: Dow industrial average up 846.24 points or 1.89%. That’s the largest gain since…
The US Dollar (USD) retains a firm undertone in quiet trade ahead of Powell’s remarks at 10ET. A rebound in risk appetite is giving a mild boost to EM FX, however, with the ZAR, KRW and MXN outperforming the core majors and the USD, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret note. USD firm versus majors “US…
2025.08.22 2025.08.22 WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.08.25 – 29.08.25 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 61.50 with a target of 77.65 – 85.00. A buy signal: the price holds above 61.50. Stop Loss: below 59.00, Take Profit: 77.65 –…
The quiet start for FX erupted mid-week as Fed uncertainty dominated, culminating in Powell’s market-moving Jackson Hole speech Friday.
Fed Chair Jerome Powell delivered his highly anticipated address at the Jackson Hole symposium, offering markets fresh insight into the central bank’s policy stance heading into the September FOMC meeting. His remarks acknowledged a “curious balance” in the labor market, persistent though tariff-driven inflation pressures, and the Fed’s ongoing challenge of balancing its dual mandate. Powell struck a tone…
