2025.08.01 2025.08.01 USD/СAD: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 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 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. Alternative…

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The July U.S. jobs report shifted the narrative swiftly. Atlanta Fed President Bostic acknowledged this change, noting that the data warrants a reassessment of Fed policy—shifting the emphasis from inflation risks alone to a more balanced view that includes growing concerns about the labor market. The report clearly points to a loss of momentum in job growth, signaling a…

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2025.08.01 2025.08.01 EUR/USD: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 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 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. Alternative…

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Oil rigs -5 at 410 Gas rigs +2 at 124 Total -2 at 540 Crude oil is sharply lower with the price down -2 dollars at $67.27. The low price reached $67.05. Looking at the hourly chart below, the price decline is testing its 200-hour moving average at $67.08. Earlier today, the price fell below the 100-hour moving average…

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2025.08.01 2025.08.01 Gold Is Walking a Tightrope. Forecast as of 01.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The stability of the US economy, the Fed’s reluctance to cut rates, and cooling demand for physical metal are creating headwinds for gold. As a result, the precious metal may fall below the $3,250–$3,400 range. A shift in employment data may act as the key trigger…

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Fed Gov.Adriana Kugler is resigning her position effective August 8, to accept a position at Georgetown. That opens an appointment from Pres. Trump. Fed governors also have a permanent vote on the Fed. With the president already licking his chops to appoint a new Fed chair, this gives him a total of two appointees. Recall he appointed both Bowman…

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USD/CAD reversed its direction and dropped below 1.3800 on Friday. The USD came under strong selling pressure after dismal employment data. Trump administration raised the tariff rate on Canadian imports to 35%. The Canadian Dollar (CAD) erased a portion of its weekly losses against the US Dollar (USD) on Friday following the disappointing July employment report from the US….

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2025.08.01 2025.08.01 GBP/USD: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 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 1.3387 with a target of 1.2936 – 1.2735. A sell signal: the price holds below 1.3387. Stop Loss: above 1.3425, Take Profit: 1.2936 – 1.2735. Alternative…

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