The Reserve Bank of Australia (RBA) surprised the markets with a decision to keep interest rates on hold at 3.85% instead of cutting to 3.60%. How did our watchlist setups for this top-tier catalyst fare? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade…
Major US stock indices are closing the day lower. For the trading week the declines today push the indices into negative territory. For the day: Dow industrial average fell -279.13 or -0.63% at 44371.51 S&P index fell -20.71 points or -0.33% at 6259.75. NASDAQ index fell -45.14 points or -0.22% at 20585.53. The small-cap Russell 2000 fared the worst…
Gold prices rose in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 401.60 Saudi Riyals (SAR) per gram, up compared with the SAR 400.83 it cost on Thursday. The price for Gold increased to SAR 4,684.13 per tola from SAR 4,675.24 per tola a day earlier. Unit measure Gold Price in…
2025.07.11 2025.07.11 WTI Crude Oil: 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 59.23 with a target of 80.50 – 85.00. A buy signal: the price holds above 59.23. Stop Loss: below 56.50, Take Profit:…
The NZDUSD started the week under pressure, with the move lower beginning near the 200-hour moving average, which sat at 0.6061 at the time. Monday’s high reached 0.6058, but sellers leaned against that level, triggering a move to the downside. The decline extended into Tuesday and Wednesday, with the pair breaking below the 50% retracement of the May low-to-June…
The Japanese Yen meets with a fresh supply as traders pare BoJ rate hike bets amid rising trade tension. Domestic political uncertainty also undermines the JPY and provides a goodish lift to the USD/JPY pair. The USD sits near a two-week top amid reduced Fed rate cut bets and contributes to the pair’s move up. The Japanese Yen (JPY)…
2025.07.11 2025.07.11 XAU/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: Consider long positions from corrections above the level of 3250.00 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3250.00. Stop Loss: below 3190.00, Take Profit: 3600.00 – 3800.00. Alternative…
Here’s a popular trading statistic that’s thrown around a lot in the retail forex world: More than 95% of traders fail. With such a high exit rate, you’d think that being a good trader is genetic! But the fact of the matter is that nobody is born a good trader. Successful traders are made, not born. Nothing can prove…
The euro is in focus today with Trump slated to deliver a tariff letter to Von Der Leyen outlining a tariff rate, likely with an August 1 deadline. The market would be expecting to see a 20% headline rate, which is in-line with what he announced on ‘Liberation Day’ before backtracking. Like that day, whatever number he announces today…
USD/CHF trades marginally higher, but is broadly sideways below 0.8000. US President Trump mulls to consider increasing tariff blanked for nations that failed to close deal during the 90-day tariff pause period. Dismal market sentiment has improved the safe-haven demand of the Swiss Franc. The USD/CHF pair edges higher to near 0.7980 during Asian trading hours on Friday. The…
