The S&P, Nasdaq and Dow had their worst day since May 21 as geopolitical risk from Israel’s strike on Iran, and Iran’s counterstrike on Isreal gave traders a reason to sell. At the close, the major indices are all down by -1.13% or more. A look at the final numbers shows: Dow Industrial Average fell -769.83 points or -1.79%…
The Dow Jones fell around 1,000 points from the previous day’s close on Friday. Israel launched a surprise round of attacks on Iran late Thursday. The attacks, amid an already-tense Middle East, have erased the week’s gains on the Dow. The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 1,000 points from the previous day’s close as…
2025.06.13 2025.06.13 EUR/USD: Elliott Wave Analysis and Forecast for 13.06.25 – 20.06.25 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 1.1368 with a target of 1.1750 – 1.2050. A buy signal: the price holds above 1.1368. Stop Loss: below 1.1330, Take Profit: 1.1750 – 1.2050. Alternative…
US-China trade talks brought optimism, soft inflation data crushed the dollar to three-year lows, then Israel’s Iran nuclear site strikes triggered massive safe-haven flows.
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2025.06.13 2025.06.13 GBP/USD: Elliott Wave Analysis and Forecast for 13.06.25 – 20.06.25 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 1.3450 with a target of 1.3800 – 1.4000. A buy signal: the price holds above 1.3450. Stop Loss: below 1.3415, Take Profit: 1.3800 – 1.4000. Alternative…
The U.S. dollar moved higher overnight (and coming into the US session), driven by classic flight-to-safety flows following Israel’s strike on Iran. However, U.S. yields did not follow the usual script—instead of falling amid geopolitical stress, they moved higher. This divergence from the typical Pavlovian response raises questions. It may reflect rising oil prices and the renewed threat of…
The USD/CAD pair has fallen below 1.3600, which is now providing resistance. Israel’s attack on Iran fails to support a broader recovery for the US Dollar. Inflation expectations in the US continue to decline, putting pressure on the US Dollar. The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) in the American session on Friday, with…
2025.06.13 2025.06.13 USD/JPY: Elliott Wave Analysis and Forecast for 13.06.25 – 20.06.25 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 145.50 with a target of 138.65 – 131.50. A sell signal: the price holds below 145.50. Stop Loss: above 145.90, Take Profit: 138.65 – 131.50. Alternative…
