S&P 500 reaches 6,000 for the first time in 15 weeks. May NFP shows job gains at 139K, above the 130K consensus. AVGO, DOCU stocks shed weight on earnings guidance. Musk and Trump patch up their differences from Thursday’s war of words. The S&P 500 has dashed up above 6,000 on Friday morning after the May Nonfarm Payrolls (NFP)…
2025.06.06 2025.06.06 GBP/USD: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 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 1.3488 with a target of 1.3750 – 1.4000. A buy signal: the correction ends and the price resumes rising from 1.3488. Stop Loss: below 1.3410, Take…
It’s tragic that we’ve gone backwards in aviation in some ways in the past 30 years. The Concorde was a symbol of progress and it would be wonderful if I live to see the return of supersonic commercial aviation. The fastest trip the plane did from New York to London was 2 hours and 52 minutes. At supersonic speeds,…
US NFP labor report eases expectations of a Fed rate cut, pushing XAU/USD prices lower. USD receives a boost from easing US-China tensions and better-than-expected US employment data on Friday, capping Gold gains. Gold prices threaten channel support with psychological resistance at $3,350. Gold prices are extending losses against the US Dollar (USD) on Friday, falling below prior psychological…
2025.06.06 2025.06.06 USD/JPY: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 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 146.32 with a target of 138.65 – 131.50. A sell signal: the correction ends and the price resumes declining from the 146.32 level. Stop Loss: above…
WTI crude oil daily The week began with OPEC adding barrels once again and there was also a mid-week report that Saudi Arabia wanted to keep adding 411K bpd in August and potentially September. Despite all that, oil is having a great week, up 6.5%. Perhaps some of that was relief that OPEC didn’t add even more barrels on…
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down over 0.30% after the…
2025.06.06 2025.06.06 XAU/USD: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 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 3125.72 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3125.72. Stop Loss: below 3080.00, Take Profit: 3600.00 –…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
GBP/JPY rises above the 20-day Simple Moving Average (SMA), providing support at 194.21. The Relative Strength Index (RSI) is nearing 60, suggesting that momentum remains in favour of the bulls. A decisive break above 195.00 could push prices back to 196.00 The Japanese Yen (JPY) continues to weaken against the British Pound (GBP) on Friday, with the GBP/JPY pair…
