2025.08.01 2025.08.01 Gold Is Walking a Tightrope. Forecast as of 01.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The stability of the US economy, the Fed’s reluctance to cut rates, and cooling demand for physical metal are creating headwinds for gold. As a result, the precious metal may fall below the $3,250–$3,400 range. A shift in employment data may act as the key trigger…
Fed Gov.Adriana Kugler is resigning her position effective August 8, to accept a position at Georgetown. That opens an appointment from Pres. Trump. Fed governors also have a permanent vote on the Fed. With the president already licking his chops to appoint a new Fed chair, this gives him a total of two appointees. Recall he appointed both Bowman…
USD/CAD reversed its direction and dropped below 1.3800 on Friday. The USD came under strong selling pressure after dismal employment data. Trump administration raised the tariff rate on Canadian imports to 35%. The Canadian Dollar (CAD) erased a portion of its weekly losses against the US Dollar (USD) on Friday following the disappointing July employment report from the US….
2025.08.01 2025.08.01 GBP/USD: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 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 1.3387 with a target of 1.2936 – 1.2735. A sell signal: the price holds below 1.3387. Stop Loss: above 1.3425, Take Profit: 1.2936 – 1.2735. Alternative…
Now that Pres. Trump has fired the person in charge of the BLS employment report, Axios wrote an article that outlines the general BLS process to the jobs release. Here is the down and dirty without getting too much into the weeds: Release timing: The Bureau of Labor Statistics (BLS), a nonpartisan agency under the Labor Department, releases the…
EUR/USD jumps over 150 pips, rising from 1.1391 to 1.1556 post-NFP release. The US economy added just 73K jobs in July, well below the 110K forecast. Unemployment Rate ticks up to 4.2%, in line with expectations. The Euro (EUR) reverses sharply against the US Dollar (USD) on Friday after the July Nonfarm Payrolls (NFP) report surprised to the downside,…
2025.08.01 2025.08.01 USD/JPY: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 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 145.75 with a growth target of 154.80 – 158.85. A buy signal: the price holds above 145.75. Stop Loss: below 145.30, Take Profit: 154.80 – 158.85….
The major US indices are closing sharply lower with the NASDAQ index and the small-cap Russell index down over 2% each. The cause: August 1 tariffs went into effect Jobs data came in much lower, with revisions the big contributor to the weakness News that the US was positioning nuclear subs in “appropriate regions” as a result of the…
The Greenback reverses part of its recent pullback on Friday. US Nonfarm Payrolls disappointed estimates at 73K in July. Next on tap on the US docket will be the ISM Manufacturing PMI. The Greenback, when tracked by the US Dollar Index (DXY), rapidly left behind the area of recent lows and slipped back to the vicinity of the 99.00…
2025.08.01 2025.08.01 WTI Crude Oil: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25 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 72.25 with a target of 63.35 – 60.00. A sell signal: the price holds below 72.25. Stop Loss: above 72.80, Take Profit: 63.35 –…
