The Unemployment Rate in Canada drops to 6.9% in June. USD/CAD recedes to the 1.3650 region following the data release. Statistics Canada reported on Friday that the Unemployment Rate in Canada ticked lower to 6.9% in June, below market consensus. The Net Change in Employment exceeded estimates to 83.1K during this period, a substantial increase after the 8.8K gain…
2025.07.11 2025.07.11 EUR/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 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 1.1450 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1450. Stop Loss: below 1.1400, Take Profit: 1.2050 –…
Trump’s tariff threats dominated FX, sending the yen tumbling while USD surged. Australia’s surprise rate hold boosted AUD.
Markets: Gold up $33 to $3355 US 10-year yields up 7.1 bps to 4.42% WTI crude oil up $2.14 to $68.71 S&P 500 down 0.3% USD leads, JPY lags We went into the day waiting for Trump’s letter to the EU with a higher tariff rate but it has yet to arrive. Reports late in the day are mixed…
Gold prices rose in Philippines on Friday, according to data compiled by FXStreet. The price for Gold stood at 6,049.05 Philippine Pesos (PHP) per gram, up compared with the PHP 6,037.25 it cost on Thursday. The price for Gold increased to PHP 70,554.88 per tola from PHP 70,417.30 per tola a day earlier. Unit measure Gold Price in PHP…
2025.07.11 2025.07.11 GBP/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 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 1.3375 with a target of 1.4000 – 1.4220. A buy signal: the price holds above 1.3375. Stop Loss: below 1.3300, Take Profit: 1.4000 –…
The Reserve Bank of Australia (RBA) surprised the markets with a decision to keep interest rates on hold at 3.85% instead of cutting to 3.60%. How did our watchlist setups for this top-tier catalyst fare? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade…
Major US stock indices are closing the day lower. For the trading week the declines today push the indices into negative territory. For the day: Dow industrial average fell -279.13 or -0.63% at 44371.51 S&P index fell -20.71 points or -0.33% at 6259.75. NASDAQ index fell -45.14 points or -0.22% at 20585.53. The small-cap Russell 2000 fared the worst…
Gold prices rose in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 401.60 Saudi Riyals (SAR) per gram, up compared with the SAR 400.83 it cost on Thursday. The price for Gold increased to SAR 4,684.13 per tola from SAR 4,675.24 per tola a day earlier. Unit measure Gold Price in…
2025.07.11 2025.07.11 WTI Crude Oil: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 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 59.23 with a target of 80.50 – 85.00. A buy signal: the price holds above 59.23. Stop Loss: below 56.50, Take Profit:…
