EUR/GBP advances during the North American session on Friday, even though Retail Sales in the UK exceeded estimates, but a softer inflation reading increased the odds for further easing by the Bank of England. The cross trades at 0.8744, up 0.74% and hitting a four-week high at the time of writing. Sterling weakens despite upbeat sales figures; Euro lifted…
2025.10.24 2025.10.24 The Dollar Flies Back to the Future. Forecast as of 24.10.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The 1970s differ from current events mainly in oil dynamics. However, US sanctions against Russia may break the downtrend in Brent and WTI and force the Fed to pause its rate-cutting cycle. Let’s explore this and make a trading plan for EURUSD. The article…
Major European indices are closing higher on the day and for the week as well: German DAX, +0.13%. For the week 1.72% France’s CAC, unchanged. For the week +0.63% UK’s FTSE 100 +0.70%. For the week +3.11%. Spain’s Ibex, +0.44%. For the week +1.67%. Italy’s FTSE MIB +0.25%. For the week +1.74% As London/European traders head for the exits…
Silver (XAG/USD) eases on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidates below the psychological $49 level. The metal is taking a breather after its recent rally, which was driven by growing expectations of further monetary easing from the US Federal Reserve (Fed). The latest US…
2025.10.24 2025.10.24 USD/CAD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 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 1.4080 with a target of 1.3723 – 1.3570. A sell signal: the price holds below 1.4080. Stop Loss: above 1.4120, Take Profit: 1.3723 – 1.3570. Alternative…
The GBPUSD moved higher after the weaker-than-expected U.S. CPI report, but the rally quickly lost steam once price reached the 100-hour moving average. Buyers turned to sellers, capping the move and sending the pair back lower. The decline pushed the pair below the key swing area between 1.3323 and 1.3341, and through the early-week lows near 1.3305, to a…
United States Baker Hughes US Oil Rig Count came in at 420, above forecasts (416)
2025.10.24 2025.10.24 Geopolitics Changes Brent’s Trajectory. Forecast as of 24.10.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Nothing seemed capable of halting Brent‘s slide as the oil market headed toward a record surplus of 4 million barrels a day by 2026. However, fresh US sanctions on Russia reshaped the market landscape. Let’s discuss this topic and make a trading plan. The article covers the…
The weekly Baker Hughes rig count data showed: Oil +2 to 420 Gas unchanged at 121 Total rigs +2 to 550 Crude oil rallied strongly this week, gaining 7.9%. The move higher was fueled by several catalysts. First, the U.S. government announced plans to purchase oil for the Strategic Petroleum Reserve (SPR), calling it “a great time to buy…
Gold (XAU/USD) stages a rebound on Friday, trimming intraday losses after softer-than-expected US Consumer Price Index (CPI) data. At the time of writing, XAU/USD is trading around $4,130, recovering from session lows near $4,044, though the metal remains on track to snap its nine-week winning streak. The weaker inflation data reinforced expectations of a 25-basis-point (bps) rate cut at…
