Scaling into losing positions helps traders “average down” their buying price before the asset eventually goes their trades’ way. But scaling is not for everyone. After all, you’ll never be sure that the asset will eventually trade your way. Will you still be able to make good trading decisions if price continues to trade against you? Fortunately, there’s a…
Shares of AMD rose 32% at the open following a power agreement with OpenAI. “OpenAI today announced a 6 gigawatt agreement to power OpenAI’s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs,” according to the release. OpenAI received a warrant for up to 160 million AMD shares based on power deployments and other milestones. Under this definitive…
The Euro (EUR) gains traction against the Japanese Yen (JPY) on Friday, recovering after briefly slipping to its lowest level since September 9 on Thursday. At the time of writing, EUR/JPY trades near 173.00, staging a modest rebound from recent lows. The Japanese Yen remains broadly under pressure against major peers, weighed down by political uncertainty as the ruling…
2025.10.06 2025.10.06 EUR/USD Price Forecast for Today, Tomorrow, Next Week, and the Next 30 Days Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The EUR/USD currency pair is one of the most traded in the world. Its movements are driven by a variety of factors, including key economic indicators of the Eurozone and the US, major political decisions, and monetary policy changes. The article examines…
Hey traders, This is the kind of market setup that gets everyone’s emotions running hot. We’re sitting closely to the fresh all-time highs on the S&P 500, volume is crushed, and yet every desk I talk to is split down the middle, half think this rally runs into 2026, half think we’re about to cliff-dive if the Fed moves…
Fundamental Overview The USD rise stalled last week as the US government shutdown delayed many key US economic reports. The dollar “repricing trade” needs strong US data to keep going, especially on the labour market side, so any hiccup on that front is likely to keep weighing on the greenback. The market pricing is now back to 46 bps…
The Short-Term Elliott Wave analysis for the SPDR S&P 500 ETF (SPY), starting from August 2, indicates an ongoing impulsive rally. From the August 2 low, the ETF surged in wave ((i)) to 647.04, followed by a dip in wave ((ii)) concluding at 634.92. The ETF then climbed in wave ((iii)) to 667.34. A corrective pullback in wave ((iv))…
2025.10.06 2025.10.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.10.2025 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…
After slipping from 2.0300, EUR/NZD looks ready to retest key inflection points that could set the stage for another leg higher in its longer-term uptrend. Here’s what we’re seeing on the daily time frame! EUR/NZD Daily Forex Chart by TradingView The euro took a few punches last week as mixed data and rising Russia-Ukraine tensions overshadowed hawkish signals from…
There are just a couple to take note of on the day, as highlighted in bold below. They are for EUR/USD layered at the 1.1700 and 1.1750 levels. The former will likely be the more attractive one, though the expiries in general should act as a bookends for price action on any extensions to start the new week. The…
