Over at Kalshi, where you could move this market with a couple thousand bucks, the odds of Powell resigning have risen to about 19% from 14% on this bizarre letter from William Pulte at the FHFA. In it, he cites ‘reports’ about Powell considering resigning but neither me nor anyone else can seem to find any of those ‘reports’…
EUR/USD posts first weekly loss in three weeks, ending at 1.1688. Trump eyes blanket tariffs, including on EU and copper exports. Dollar marks strongest week since March amid broad risk-off tone. EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test…
2025.07.11 2025.07.11 Silver’s Shine Attracts Investors. Forecast as of 11.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Rising investment demand, the “Trump Always Chickens Out” (TACO) trading, as well as signs of fiscal dominance, have pushed XAGUSD quotes to 13-year highs. Will this rally sustain, or is it time to lock in profits? Let’s discuss this topic and make a trading plan. The article…
Canada CPI – Tuesday, July 15 at 8:30am ET Canada’s inflation data will be closely watched, with headline CPI m/m expected at 0.2%, down from 0.6% previously. Both Median and Trimmed CPI y/y are forecast to remain steady at 3.0%, signaling a still-elevated but stable inflation environment. A softer print could strengthen the case for the Bank of Canada…
The Unemployment Rate in Canada drops to 6.9% in June. USD/CAD recedes to the 1.3650 region following the data release. Statistics Canada reported on Friday that the Unemployment Rate in Canada ticked lower to 6.9% in June, below market consensus. The Net Change in Employment exceeded estimates to 83.1K during this period, a substantial increase after the 8.8K gain…
2025.07.11 2025.07.11 EUR/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 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 1.1450 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1450. Stop Loss: below 1.1400, Take Profit: 1.2050 –…
Trump’s tariff threats dominated FX, sending the yen tumbling while USD surged. Australia’s surprise rate hold boosted AUD.
Markets: Gold up $33 to $3355 US 10-year yields up 7.1 bps to 4.42% WTI crude oil up $2.14 to $68.71 S&P 500 down 0.3% USD leads, JPY lags We went into the day waiting for Trump’s letter to the EU with a higher tariff rate but it has yet to arrive. Reports late in the day are mixed…
Gold prices rose in Philippines on Friday, according to data compiled by FXStreet. The price for Gold stood at 6,049.05 Philippine Pesos (PHP) per gram, up compared with the PHP 6,037.25 it cost on Thursday. The price for Gold increased to PHP 70,554.88 per tola from PHP 70,417.30 per tola a day earlier. Unit measure Gold Price in PHP…
2025.07.11 2025.07.11 GBP/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 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 1.3375 with a target of 1.4000 – 1.4220. A buy signal: the price holds above 1.3375. Stop Loss: below 1.3300, Take Profit: 1.4000 –…
