The Unemployment Rate in Canada remained unchanged at 6.9% in July, Statistics Canada reported on Friday. This reading came in below the market expectation of 7%. In this period, Net Change in Employment was -40,800, compared to analysts’ estimate for an increase of 13,500. “The employment rate declined 0.2 percentage points to 60.7%,” Statistics Canada noted in its press…
2025.08.08 2025.08.08 Gold Soars on Arbitrage Trading. Forecast as of 08.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ US import duties on gold have opened the door for arbitrage opportunities, with the gap between futures prices and the spot market now exceeding $100 per ounce. What does this mean for the XAUUSD pair? Let’s discuss this topic and make a trading plan. The article…
Well, well, well. If you thought markets would quietly digest last week’s jobs report disaster and move on, you clearly haven’t been paying attention to how 2025 rolls. This week was all about picking up the pieces from that brutal 73,000 jobs shocker while Trump kept the tariff drama cranked up to eleven. Monday brought the classic “bad…
The US dollar is closing the day mostly higher. The one exception is a modest decline versus the GBP (which was the strongest currency this week). The Feds Musalem was more hawkish compared to other Fed members post the US jobs report. He is still concerned about the impact from tariffs on inflation good where they are. Other news…
The US is showing a moderate bullish bias favoured by Speculation that Waller will be Powell’s replacement as Fed Chair. Soft US employment data and hopes of Fed cuts are keeping USD longs limited so far. The BoJ’s Summary of Opinions cast doubts about immediate rate hikes. The US Dollar is reverting to the previous two days’ losses as…
2025.08.08 2025.08.08 USD/JPY: 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 145.75 with a growth target of 154.80 – 158.85. A buy signal: the price holds above 145.75. Stop Loss: below 145.30, Take Profit: 154.80 – 158.85….
The GBPUSD bottomed this week on Tuesday near 1.32594. The Bank of England on Wednesday cut rates by 25 basis points but it was a hawkish cut as the MPC vote was 5– 4, not as high as the 7-2 expected. The price moved up to the 100 day moving average on Wednesday. On Thursday, the price extended higher…
ICE Brent settled almost 0.7% lower yesterday with hopes that Presidents Trump and Putin may meet soon, possibly as soon as next week, ING’s commodity experts Ewa Manthey and Warren Patterson note.
2025.08.08 2025.08.08 WTI Crude Oil: 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 70.00 with a bearish target of 60.00 – 57.50. A sell signal: the price holds below 70.00. Stop Loss: above 70.60, Take Profit: 60.00…
The European indices are closing mixed, with the German DAX and UK’s FTSE 100 unchanged and France’s CAC, Spain’s Ibex, and Italy’s FTSE MIB all higher. For the week, the major indices are all closing sharply higher. A snapshot of the day shows German Dax unchanged France’s CAC, +0.44% UK’s FTSE 100 -0.06% Spain’s Ibex, +0.91% Italy’s FTSE MIB,…
