Gold reverses losses on Friday, climbing to a 2-month high near $3,450. Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on Fed easing. US Core PCE rose 0.3% MoM and 2.9% YoY in July, while headline PCE gained 0.2% MoM and held steady at 2.6% YoY. Gold (XAU/USD) reverses course on Friday, erasing intraday…
2025.08.29 2025.08.29 USD/CHF: Elliott Wave Analysis and Forecast for 29.08.25 – 05.09.25 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 0.8170 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8170. Stop Loss: above 0.8240, Take Profit: 0.7700 – 0.7500. Alternative…
The US dollar will likely finish the day at the lows today. It’s been a rollercoaster week with the greenback erasing most of the losses triggered by Powell’s dovish tilt just to give the gains back heading into the weekend. Today there was no meaningful catalyst for the downside as the PCE data came out in line with expectations….
NZD/USD clings to gains around 0.5885 ahead of the US PCE inflation data for July. The US core PCE inflation is expected to have grown at an annualized basis of 2.9%, faster than 2.8% in June. Investors expect the Fed to cut interest rates in the September policy meeting. The NZD/USD pair holds onto gains near 0.5885 during the…
2025.08.29 2025.08.29 EUR/USD: Elliott Wave Analysis and Forecast for 29.08.25 – 05.09.25 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 1.1563 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1563. Stop Loss: below 1.1450, Take Profit: 1.2050 – 1.2400. Alternative…
It will soon be time to recalibrate policy to better match our economy. Both mandates are in tensions now. Tariffs are pushing inflation higher and the labour market is slowing. I think tariff-relates price increases will be a one-off. It will take time before we know that for certain but we can’t wait for perfect certainty without risking harm…
There are currently conflicting reports about Russia’s Oil supplies, Commerzbank’s commodity analyst Carsten Fritsch notes. Russia is actually exporting less Oil “Export plans for Western ports were increased by 200,000 to 2 million barrels per day in August, according to Reuters, citing three sources familiar with the matter. The reason for this is the Ukrainian drone attacks on Oil…
2025.08.29 2025.08.29 Gold Prepares for Giant Leap. Forecast as of 29.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US’s intention to pursue fiscal dominance has created tailwinds for XAUUSD quotes. Meanwhile, investors are expecting the Fed to cut rates and the US economy to slip into stagflation. Let’s discuss this topic and make a trading plan for gold. The article covers the following…
On Friday evening, the Federal Circuit court struck down the vast majority of US President Donald Trump’s tariffs, ruling them illegal under laws that give Congress control of tariffs and tax policy. The 7-4 decision rules that the International Emergency Economic Powers Act was used improperly in the case of fentanyl tariffs against Mexico/Canada/China and for the broader reciprocal…
There is a chance for Pound Sterling (GBP) to test 1.3545; the major resistance at 1.3575 is unlikely to come into view. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. GBP is likely to trade in a range between 1.3395…
