The Dow Jones eased lower on Friday, testing below 45,500. Equities recoiled after US PCE inflation metrics rose in-line with forecasts. Despite fresh inflation pressure, markets are still banking on a September rate cut. The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures…
2025.08.29 2025.08.29 USD/СAD: Elliott Wave Analysis and Forecast for 29.08.25 – 05.09.25 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 1.3535 with a target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3535. Stop Loss: below 1.3460, Take Profit: 1.4018 –…
1 month annualised +1.9% vs +3.4% prior 6 months annualised +2.6% vs +2.8% prior 12 month annualised +2.7% vs +2.7 prior The 1 month annualised rate is very volatile, so don’t mistake that for inflation coming down. The 6 month and 12 month annualised rates are a better gauge of the trend. This article was written by Giuseppe Dellamotta…
Gold reverses losses on Friday, climbing to a 2-month high near $3,450. Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on Fed easing. US Core PCE rose 0.3% MoM and 2.9% YoY in July, while headline PCE gained 0.2% MoM and held steady at 2.6% YoY. Gold (XAU/USD) reverses course on Friday, erasing intraday…
2025.08.29 2025.08.29 USD/CHF: Elliott Wave Analysis and Forecast for 29.08.25 – 05.09.25 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 0.8170 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8170. Stop Loss: above 0.8240, Take Profit: 0.7700 – 0.7500. Alternative…
The US dollar will likely finish the day at the lows today. It’s been a rollercoaster week with the greenback erasing most of the losses triggered by Powell’s dovish tilt just to give the gains back heading into the weekend. Today there was no meaningful catalyst for the downside as the PCE data came out in line with expectations….
NZD/USD clings to gains around 0.5885 ahead of the US PCE inflation data for July. The US core PCE inflation is expected to have grown at an annualized basis of 2.9%, faster than 2.8% in June. Investors expect the Fed to cut interest rates in the September policy meeting. The NZD/USD pair holds onto gains near 0.5885 during the…
2025.08.29 2025.08.29 EUR/USD: Elliott Wave Analysis and Forecast for 29.08.25 – 05.09.25 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 1.1563 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1563. Stop Loss: below 1.1450, Take Profit: 1.2050 – 1.2400. Alternative…
It will soon be time to recalibrate policy to better match our economy. Both mandates are in tensions now. Tariffs are pushing inflation higher and the labour market is slowing. I think tariff-relates price increases will be a one-off. It will take time before we know that for certain but we can’t wait for perfect certainty without risking harm…
There are currently conflicting reports about Russia’s Oil supplies, Commerzbank’s commodity analyst Carsten Fritsch notes. Russia is actually exporting less Oil “Export plans for Western ports were increased by 200,000 to 2 million barrels per day in August, according to Reuters, citing three sources familiar with the matter. The reason for this is the Ukrainian drone attacks on Oil…
