US stock markets were in flux on Friday as the NASDAQ Composite (IXIC) saw its third greater than 1% drop this week. With 90 minutes to go before the session closes, the S&P 500 (SPX) has declined 2.6% this week so far, while the IXIC fell a heavier 4.2%. Much of the weakness has been felt in tech stocks,…
2025.11.07 2025.11.07 USD/JPY: Elliott Wave Analysis and Forecast for 07.11.25 – 14.11.25 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 151.50 with a target of 156.50 – 158.85. A buy signal: the price holds above 151.50. Stop Loss: below 151.50, Take Profit: 156.50 – 158.85. Alternative…
You know that feeling you get when you read something that was clearly written by AI? It’s happening more and more and it pains me to see real human communication usurped, even if it means fewer typos. It’s obviously where we are headed and untold billions will continue to be made but it’s haphazard, inauthentic and often confidently wrong….
EUR/USD trimmed some of its previous losses and rises 0.16% on Friday’s late in the North American session, amid a scarce economic docket in both sides of the Atlantic. The US government shutdown extension to its 38th day and the light docket in Europe, keeps the pair trading within familiar levels around 1.1560. Euro gains modestly as traders shun…
2025.11.07 2025.11.07 WTI Crude Oil: Elliott Wave Analysis and Forecast for 07.11.25 – 14.11.25 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 61.27 with a target of 53.50 – 45.00. A sell signal: the price holds below 61.27. Stop Loss: above 61.27, Take Profit: 53.50 –…
Markets: Gold up $26 to $4003 WTI crude oil up 35-cents to $59.78 US 10-year yields flat at 4.09% S&P 500 up 0.1% Bitcoin up 2.4% to $103,557 CAD leads, JPY lags A second consecutive non-farm payrolls report was cancelled on Friday as the government shutdown continues but there is some hope for progress on the weekend as lawmakers…
The USD/JPY stages a recovery on Friday with buyers claiming 153.00, an indication that the uptrend might resume in the short term. The 100-pip or 0.68% Thursday’s loss was offset by traders buying the US Dollar due to its close correlation with the US 10-year Treasury note yield, which was steady during the trading day. USD/JPY Price Forecast: Technical…
2025.11.07 2025.11.07 XAU/USD: Elliott Wave Analysis and Forecast for 07.11.25 – 14.11.25 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 4,150.00 with a target of 3,742.00 – 3,335.00. A sell signal: the price holds below 4,150.00. Stop Loss: above 4,150.00, Take Profit: 3,742.00 – 3,335.00. Alternative…
The dollar flexed early before China’s tariff announcement flipped sentiment. Shocking US job cuts data and surprise Canadian employment gains dominated, while central bank comments kept traders guessing throughout.
US stocks are closing mixed with the Dow and the S&P closed modestly higher, the Nasdaq still closed lower but still fell by 3% this week for its worst week since the March 31 week. A snapshot of the closing levels shows: Dow industrial average rose 74.80 points or 0.16% at 46987.10. At session lows, the Dow was down…
