Now that Pres. Trump has fired the person in charge of the BLS employment report, Axios wrote an article that outlines the general BLS process to the jobs release. Here is the down and dirty without getting too much into the weeds: Release timing: The Bureau of Labor Statistics (BLS), a nonpartisan agency under the Labor Department, releases the…
EUR/USD jumps over 150 pips, rising from 1.1391 to 1.1556 post-NFP release. The US economy added just 73K jobs in July, well below the 110K forecast. Unemployment Rate ticks up to 4.2%, in line with expectations. The Euro (EUR) reverses sharply against the US Dollar (USD) on Friday after the July Nonfarm Payrolls (NFP) report surprised to the downside,…
2025.08.01 2025.08.01 USD/JPY: 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 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 major US indices are closing sharply lower with the NASDAQ index and the small-cap Russell index down over 2% each. The cause: August 1 tariffs went into effect Jobs data came in much lower, with revisions the big contributor to the weakness News that the US was positioning nuclear subs in “appropriate regions” as a result of the…
The Greenback reverses part of its recent pullback on Friday. US Nonfarm Payrolls disappointed estimates at 73K in July. Next on tap on the US docket will be the ISM Manufacturing PMI. The Greenback, when tracked by the US Dollar Index (DXY), rapidly left behind the area of recent lows and slipped back to the vicinity of the 99.00…
2025.08.01 2025.08.01 WTI Crude Oil: 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 72.25 with a target of 63.35 – 60.00. A sell signal: the price holds below 72.25. Stop Loss: above 72.80, Take Profit: 63.35 –…
What a week to be alive in FX land! July’s final act delivered more plot twists than a Netflix thriller. The big driver was likely Trump’s tariff blitz, hitting everyone from Switzerland (ouch, 39%!) to India. We also watched the Fed play hard-to-get with rate cuts despite two governors practically begging for easing, and ended with a jobs…
The July nonfarm payrolls report showed just 73K jobs added, sharply missing the 110K estimate, with major downward revisions to prior months:. May was revised down from 144,000 to 19,000—> -125,000 June was revised down from 147,000 to 14,000 —> -133,000 The unemployment rate ticked up to 4.2% from 4.1% last month. The sharp revisions led to the dismissal…
Gold is holding steady near $3,300 as markets stay cautious ahead of the US Nonfarm Payrolls (NFP) report. The US Dollar stays resilient following the Fed’s hawkish hold and firm macroeconomic data. US President Donald Trump’s sweeping tariff executive order renews trade tensions, limiting Gold’s downside. Gold (XAU/USD) is treading water on Friday, hovering near $3,300 during the European…
2025.08.01 2025.08.01 What is a Hammer Candlestick Pattern? Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Want to learn how to identify market reversal points? The hammer candle is a classic candlestick pattern that signals a trend reversal from bearish to bullish. In this article, you’ll learn how to spot the hammer and the inverted hammer on charts, trade using these patterns, and avoid false…
