Oil rigs: -4 at 418 Gas rigs +2 at 120 Total Rigs -2 at 547. The price of crude oil is trading sharply lower by $2.48 and $59.05 as the market reacts to the prospects of higher tariffs slowing growth and demand. Hopes for continued peace in the Middle East is also an influence as is the production increases….
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about the United States (US) economy and monetary policy at a fireside chat before the Springfield Area Chamber of Commerce and Public policy speakers, stating that inflation is running high. He added that the labor market is showing signs of potential weakness and that a balanced approach to…
2025.10.10 2025.10.10 US Dollar Posts Gains Leaving EUR/USD Bulls Frustrated. Forecast as of 10.10.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As the EURUSD pair declines, the frustration among market participants, largely influenced by major banks, intensifies. The major currency pair was expected to reach 1.2 or above. However, they were wrong in their assessments. Let’s discuss this topic and make a trading plan….
The GBPUSD moved lower earlier today, breaking to a new low not seen since August 5. The decline tested that prior low at 1.32594, where buyers stepped in to stall the fall. A sharp reversal followed after news that President Trump was preparing massive tariff increases on Chinese imports, triggering a strong rebound in the pound. The rally carried…
GBP/USD tumbles to two-month low amid UK fiscal worries and US Dollar strength GBP/USD retreats toward 1.3280 during Friday’s US session, marking a fresh two-month low. The US Dollar (USD) remains firm, supported by increased safe-haven demand amid political uncertainty in Japan and France. The US Dollar Index (DXY) holds near Thursday’s two-month high of 99.56, limiting any rebound…
2025.10.10 2025.10.10 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 10.10.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The final part of a bullish impulse appears to be developing. Consider buy entries with a target at a high of…
The S&P 500 is down 2% at the moment and if it closes that way, it will be the first 2% (or more) loss since April 4. That was the Liberation Day rout and included a 6% closing decline. The worst day since then was August 1, when there was a 1.6% closing decline. Back in February, we started…
The Australian Dollar (AUD) slumps against the US Dollar (USD) on Friday, with AUD/USD plunging to over one-month lows after US President Donald Trump threatened a “massive increase” in tariffs on Chinese imports, reigniting fears of a renewed trade war between the world’s two largest economies. Given Australia’s close trade ties with China, the comments weighed heavily on the…
2025.10.10 2025.10.10 USD/CAD: Elliott Wave Analysis and Forecast for 10.10.25 – 17.10.25 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 1.3932 with a target of 1.4168 – 1.4316. A buy signal: the price holds above 1.3932. Stop Loss: below 1.3932, Take Profit: 1.4168 – 1.4316. Alternative…
Oil was having a rough day before Trump threatened China with fresh tariffs. It was bouncing around $60 and the lowest levels since May. But with the rout in markets following the Trump-China spat, we have crude down $2.60 to $58.91. That’s the lowest since May and the second-lowest weekly close in four years. The combination of OPEC rapidly…
