EUR/JPY trades near 170.00, its highest level since July 2024, on Friday. Soft Japanese data and steady BoJ stance undermine Yen demand. The euro remains firm despite a drop in Eurozone economic sentiment. The Euro (EUR) strengthens against the Japanese Yen (JPY) on Friday, with the EUR/JPY pair climbing toward levels not seen since July 2024. The cross is…
2025.06.27 2025.06.27 USD/СAD: Elliott Wave Analysis and Forecast for 27.06.25 – 04.07.25 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 1.3540 with a target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3540. Stop Loss: below 1.3480, Take Profit: 1.4018 – 1.4168. Alternative…
Forex trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, but you also have to be able to keep your eyes on the prize at all times. This is what seasoned traders refer to as self-discipline. Mark Douglas, author of Trading in the Zone, defines self-discipline…
Official data so far reveals only modest impact of tariffs on prices, activity, labor market. If the Fed cuts in September and tariff effect shows up later, could pause rate cuts. Inflation boost is likely coming, but actual inflation indicates renewed progress towards 2% target. More time is needed to determine if effects of trade war are delayed, or…
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $65.12 per barrel, up from Thursday’s close at $64.75.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.66 price posted on Thursday, and trading at $67.06. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on…
2025.06.27 2025.06.27 XAU/USD: Elliott Wave Analysis and Forecast for 27.06.25 – 04.07.25 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 3240.00 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3240.00. Stop Loss: below 3190.00, Take Profit: 3600.00 – 3800.00. Alternative…
Economic confidence 94.0 vs 95.1 expected Prior 94.8 Industrial confidence -12.0 vs -9.9 expected Prior -10.3; revised to -10.4 Services confidence 2.9 vs 1.6 expected Prior 1.5; revised to 1.8 Euro area economic sentiment worsened slightly in June amid a drop in manufacturing confidence, offsetting the slight improvement in services sector confidence. The overall reading remains relatively subdued since…
The Australian Dollar offers its daily gains due to risk aversion as Iran declines to resume nuclear negotiations. President Trump may announce his preferred candidate to lead the Federal Reserve next year. The US Dollar depreciated due to risk-on sentiment following a fragile US-brokered Israel-Iran ceasefire. The Australian Dollar (AUD) retraces daily gains on Friday, halting its four-day winning…
2025.06.27 2025.06.27 Fed Potential Divide Sends US Dollar Plunging. Forecast as of 27.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed is an institution with a multi-faceted nature of policy-making, not a single entity controlled by one or two people. Decisions regarding the federal funds rate are made collectively. Meanwhile, the EURUSD pair retreated amid caution expressed by FOMC officials in their recent…
We’re now less than two weeks away from the supposed 9 July deadline for trade deals. But as the White House said yesterday, that deadline isn’t going to be an important one. As things stand, Trump is expected to extend that and kick the can down the road as negotiations continue. Call it TACO. Call it the boy who…
