2025.08.08 2025.08.08 USD/CAD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 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 1.3571 with a growth target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3571. Stop Loss: below 1.3535, Take Profit: 1.4018 – 1.4168….

Read more

Yesterday in a post, I spoke about the messy AUDUSD chart (see post here). The view has not changed much today. It is still messy. Neverthess, even amongst the ups and downs, the markets will leave little nuggets from the charts that traders can use to defing the bias, the risk and the targets. In the video above, I…

Read more

The Pound Sterling trades firmly against the US Dollar around 1.3450 as traders trim bets supporting BoE’s interest-rate cuts this year. Fed Governor Waller could be nominated as Chairman Powell’s successor. Investors await UK employment and US CPI data next week. The Pound Sterling (GBP) clings to three-day gains around 1.3450 against the US Dollar (USD) on Friday. The…

Read more

2025.08.08 2025.08.08 USD/CHF: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 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 0.7906 with a growth target of 0.8400 – 0.8550. A buy signal: the price holds above 0.7906. Stop Loss: below 0.7865, Take Profit: 0.8400 – 0.8550….

Read more

The Wall Street Journal is reporting that the Pres. team is expanding the search for the new Fed chair. According to the article: The search is being led by Treasury Secretary Scott Bessent will lead the vetting process, conduct initial interviews, and present a final shortlist to President Trump. The inclusion of former St. Louis Fed Pres. James Bullard…

Read more

Pound Sterling (GBP) rose on BoE decision. GBP was last at 1.3440, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum shows tentative signs of turning mild bullish “MPC delivered a 25bp cut to bring policy rate to 4%, as widely expected but vote outcome caught markets by surprise. A re-vote was required after the initial vote…

Read more

2025.08.08 2025.08.08 EUR/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 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 1.1772 with a bearish target of 1.1200 – 1.1004. A sell signal: the price holds below 1.1772. Stop Loss: above 1.1810, Take Profit: 1.1200 – 1.1004….

Read more

The NASDAQ index led the market higher today and this week, closing at yet another record high and extending to a new intraday high, surpassing the high price from July 31 at 21457.48. The high price today reached 21464.53. The S&P also moved higher but closed just below its prior record high at 6389.77. The closing level today came…

Read more

After an initial positive spillover on the euro from news of Trump meeting with Putin next week, markets now need to assess how realistic a truce is, ING’s FX analyst Francesco Pesole notes. EUR to stabilise in the 1.166-1.170 area for now “We expect they will tread carefully on the topic, considering there are few indications so far that…

Read more

2025.08.08 2025.08.08 GBP/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 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 1.3583 with a bearish target of 1.2936 – 1.2735. A sell signal: the price holds below 1.3583. Stop Loss: above 1.3620, Take Profit: 1.2936 – 1.2735….

Read more