Crude oil futures settled at $65.16, down $0.87 on the day. Earlier this week, the price briefly broke below the falling 100-day moving average (blue line on the chart), but each time, downside momentum faded and daily closes returned above that level—indicating a lack of sustained bearish conviction. Heading into the new trading week, sellers would need to push…
Gold demand in China fell by 3.5% year-on-year in the first half of the year, according to the China Gold Association, Commerzbank’s commodity analyst Carsten Fritsch notes. Investment demand is significantly more important for price trends Strong demand for bars and coins, which rose by 24% to 264 tons, prevented a sharper decline. This almost offset the 26% slump…
2025.07.25 2025.07.25 USD/СAD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25 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 1.3766 with a target of 1.3425 – 1.3108. A sell signal: the price holds below 1.3766. Stop Loss: above 1.3800, Take Profit: 1.3425 – 1.3108. Alternative…
Tesla not allowed to test or transport the public, paid or unpaid, in an autonomous vehicle with or without a driver…Shares dip to $312.70. High reached $323.63 today. The price is still above the lower for the day at $308 and still higher on the day, but price is dipping. Taking a look at the hourly chart, the price…
While we have left our Gold price forecast unchanged, we are revising our forecasts for Silver, Platinum, and Palladium upward, Commerzbank’s commodity analyst Carsten Fritsch notes. Silver and Platinum are likely to follow Gold “We expect the price of Silver to reach $39 per troy ounce by the end of the year (previously $37), the price of Platinum to…
2025.07.25 2025.07.25 Aussie Slumps As US Dollar Gains Ground. Forecast as of 25.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Markets are displaying an excess of confidence. The S&P 500 is reaching record highs, and the yuan has climbed to an eight-month high against the US dollar. However, there is a possibility that the trade war between the United States and China might resume….
Pres. Trump is reiterating comments from earlier in the day as he crosses the Atlantic for his weekend visit in the UK: We will see if we can make a deal with EU on Sunday Will be meeting with a lot of people including EU leader . We have a good 50-50 chance of EU deal, 20 different sticking…
The US Dollar strengthens for a second day on Friday, supported by solid US economic data and improving sentiment on trade. Markets remain cautious ahead of next week’s Federal Reserve decision and the August 1 tariff deadline. The DXY US Dollar Index trades near 97.80 after finding strong support at the 97.00 psychological level. The US Dollar (USD) trades…
2025.07.25 2025.07.25 EUR/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25 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 1.1555 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1555. Stop Loss: below 1.1515, Take Profit: 1.2050 – 1.2400. Alternative…
With the ECB holding rates steady and President Lagarde emphasizing that the economy is in a “good place,” markets navigated the delicate balance between optimistic economic assessments and lingering concerns over EU-US trade negotiations. Let’s examine which pairs from our watchlist made sense to move forward on, and how they performed in this environment of moderate conviction and mixed…
