The Canadian Dollar (CAD) caught a fresh bid on Friday, reclaiming some lost ground against the US Dollar (USD), although the Loonie still remains trapped near six-month lows against the Greenback. The possibility of tariff easing from the US sparked a fresh round of investor risk appetite to close out an otherwise middling week that saw the US Dollar…
2025.10.17 2025.10.17 EUR/USD: Elliott Wave Analysis and Forecast for 17.10.25 – 24.10.25 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 1.1782 with a target of 1.1380 – 1.1200. A sell signal: the price holds below 1.1782. Stop Loss: above 1.1835, Take Profit: 1.1380 – 1.1200. Alternative…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Dow Jones Industrial Average (DJIA) found a near-term foothold to wrap up the trading week, rebounding around 240 points from recent lows and fighting to stay on the high side of key moving averages. Equities took a hit this week after multiple entities in the lending and banking sectors went bankrupt or flashed warnings about debt quality, sparking…
2025.10.17 2025.10.17 GBP/USD: Elliott Wave Analysis and Forecast for 17.10.25 – 24.10.25 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 1.3530 with a target of 1.3137 – 1.2936. A sell signal: the price holds below 1.3530. Stop Loss: above 1.3590, Take Profit: 1.3137 – 1.2936. Alternative…
Currency markets swung amid U.S.-China trade shifts and central bank signals; the dollar weakened as safe-haven currencies gained on banking fears.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
EUR/USD dives 0.17% during the North American session on Friday as the Greenback trims its earlier losses as US President Donald Trump tempered his trade rhetoric on China. The pair trades at around 1.1666 after hitting a daily high of 1.1728. Euro retreats from daily highs as risk appetite improves and Fed remarks stay cautiously dovish Risk appetite improved…
2025.10.17 2025.10.17 USD/JPY: Elliott Wave Analysis and Forecast for 17.10.25 – 24.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 146.50 with a target of 156.50 – 158.85. A buy signal: the price holds above 146.50. Stop Loss: below 145.00, Take Profit: 156.50 –…
No one looks smart calling for stock markets to go up, but you can look smart or you can be right so here’s what I’m thinking: The market got skittish in October. To me, it wasn’t any single thing but a whole bunch at once: September saw an intense rally in stock markets Trump and China picking a new…
