EUR/USD edges up 0.18% in thin trading as traders digest Trump’s sweeping tariff plans and EU–US tensions mount. Trump confirms tariffs up to 70% to take effect August 1, targeting EU goods, including food. Bloomberg: EU carmakers seek tariff relief via US investment pledges. Light US calendar shifts focus to German industrial output and Eurogroup meeting next week. EUR/USD…
2025.07.04 2025.07.04 USD/CHF: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 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 0.8200 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8200. Stop Loss: above 0.8270, Take Profit: 0.7700 – 0.7500. Alternative…
There’s basically nothing on the agenda today other than the Canadian Services PMI. The newsflow has been very limited and the price action in markets has been mostly rangebound. The NFP spikes have mostly been erased both in FX and US equity indices. The White House today is expected to begin sending letters to trade partners with the new…
Silver forms double-bottom near key support, signaling a potential breakout above $37.31. Doji candle and thin US holiday volume suggest pause, not reversal. Bulls eye resistance at $37.49 and $38.00; downside risk begins below $36.00. Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday….
2025.07.04 2025.07.04 EUR/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 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 1.1350, Take Profit: 1.2050 –…
India is proposing retaliatory duties at WTO against US tariffs on auto parts. They say 25% import tariff on vehicles and some auto parts by US amounts to safeguard measures. India reserves the right to suspend concessions and other obligations equivalent to the adverse effects of US measures on India’s trade. India reserves the right to increase tariffs on…
Gold price regains positive traction and reverses a part of Thursday’s upbeat NFP-inspired losses. US fiscal concerns weigh on the USD and lend support to the commodity amid trade uncertainties. Holiday-thinned liquidity might hold back the XAU/USD traders from placing fresh directional bets. Gold price (XAU/USD) maintains its bid tone through the first half of the European session on…
2025.07.04 2025.07.04 GBP/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 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 1.3270, Take Profit: 1.4000 –…
The U.S. ISM Manufacturing PMI for June gave traders a key read ahead of the all-important NFP report. How did our USD watchlist setups for this top-tier event fare? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk…
Composite PMI 44.0 vs 45.5 prior Key findings: Lack of new business weighs on activity Costs and selling prices rise at greater rates Confidence in outlook remains subdued Comment: Paul Smith, Economics Director at S&P Global Market Intelligence, said: “Canada’s services economy remained deep inside contraction territory during June, as uncertainty caused in the main by US trade policies…
