Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor…
2025.07.18 2025.07.18 USD/СAD: Elliott Wave Analysis and Forecast for 18.07.25 – 25.07.25 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 1.3640 with a target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3640. Stop Loss: below 1.3500, Take Profit: 1.4018 – 1.4168. Alternative…
California Gov. Gavin Newsom proposes to ease permits for oil drilling in California. Governor Gavin Newsom has not supported new drilling, but is also under pressure to stabilize energy supplies, particularly after recent refinery closure announcements. While he remains committed to phasing out oil drilling by 2045, state regulators have recommended limited new well permitting as part of a…
UK payrolls were revised upward, offering relief to the BoE amid sticky inflation. Fed’s Waller backs July rate cut; Goolsbee cautious on tariff-driven inflation. US consumer sentiment improves, long-term inflation expectations revised lower to 3.6%. GBP/USD rises on Friday during the North American session, up by 0.21% amid a scarce economic docket on both sides of the Atlantic. Soft…
2025.07.18 2025.07.18 USD/CHF: Elliott Wave Analysis and Forecast for 18.07.25 – 25.07.25 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 0.8111 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8111. Stop Loss: above 0.8250, Take Profit: 0.7700 – 0.7500. Alternative…
Next week, the Fed will be in the quiet period ahead of the FOMC rate meeting on July 30. The S&P Global flash manufacturing and services data will be released for Europe and the US on Thursday. The ECB will likely keep rates unchanged, but given the tariff threat, will likely be biased to more easing (although they are…
Loonie edges lower as yields fall despite upbeat US data. USD/CAD pressured by Fed’s Waller calls for a July rate cut. USD/CAD dips below the 50-day SMA, bringing the 20-day SMA into play. The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) on Friday as markets focus on dovish comments from Fed Governor Waller. At the…
2025.07.18 2025.07.18 Aussie Posts Gains On Dovish Fedspeak. Forecast as of 18.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Did the Reserve Bank of Australia (RBA) make a mistake by not cutting the cash rate in July? Judging by the cooling labor market, the answer is yes. However, this does not bother AUDUSD bulls. They are taking advantage of the US dollar’s weakness. Let’s…
U.S. Treasury Secretary Scott Bessent said a trade deal with Japan remains in the “realm of possibility,” but emphasized that securing a good deal is more important than rushing one. He indicated that negotiations are ongoing and that the outcome of Japan’s upcoming election could be pivotal to reaching an agreement. Hope springs eternal, but Japan was insulted by…
GBP/USD edges higher as UK jobs data eases BoE pressure, Fed doves resurface The GBP/USD rises on Friday during the North American session, up by 0.21% amid a scarce economic docket in both sides of the Atlantic. Soft data announced in the United States (US) slightly boosted the Greenback, though the pair trades at 1.3442 after hitting a daily low of…
