Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump’s comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 – $4,240 range. Bullion tumbles below $4,250 as risk appetite returns and Treasury yields climb…
2025.10.17 2025.10.17 WTI Crude Oil: 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 62.55 with a target of 53.50 – 45.00. A sell signal: the price holds below 62.55. Stop Loss: above 65.00, Take Profit: 53.50 –…
Enough experience in the forex market can delude some traders into believing that they can fully predict price action. After all, if you have years of screen time under your belt and you’ve put in the 10,000 hours in developing your analytical skills, it can be tempting to assume that you know the markets inside out. This kind of…
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…
Stronger industrial sector activity reflected in UK data earlier this week helped lift the Pound Sterling (GBP) after spot found firm support in the mid-1.32 area, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets note BoE caution on rate outlook “BoE MPC member Mann remarked yesterday that inflation ‘persistence’ was the main policy challenge for the…
2025.10.17 2025.10.17 XAU/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 long positions from corrections above the level of 4,055.00 with a target of 4,500.00 – 4,700.00. A buy signal: the price holds above 4,055.00. Stop Loss: below 4,010.00, Take Profit: 4,500.00 – 4,700.00. Alternative…
If you’ve been watching markets this week, you might’ve noticed something unnerving: regional bank stocks got hammered, dragging down the S&P 500 and sending investors scrambling for safety. Gold hit a fresh record above $4,300, and Treasury yields tumbled. What’s going on, and should traders be worried? Yesterday’s selloff wasn’t random. It was triggered by specific banks revealing serious…
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 rose again yesterday, but primarily on the back of US Dollar (USD) weakness, as markets had largely priced in that French PM Lecornu would survive the no-confidence motions, ING’s FX analyst Francesco Pesole notes.
2025.10.17 2025.10.17 USD/CAD: 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 long positions from corrections above the level of 1.3980 with a target of 1.4168 – 1.4316. A buy signal: the price holds above 1.3980. Stop Loss: below 1.3923, Take Profit: 1.4168 – 1.4316. Alternative…
