The broader US indices are closing lower on the day. The Dow 30 did close marginally higher. Dow industrial average rose 35.16 points or 0.08% at 42206.82. S&P index fell -13.033 points or -0.22% at 5967.84 NASDAQ index fell -98.86 points or -0.51% at 19447.41 For the trading week indices were little changed: Dow industrial average closed up 0.02%…
Eurozone Consumer Confidence came in at -15.3 below forecasts (-14.5) in June
2025.06.20 2025.06.20 EUR/USD: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 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 1.1368 with a target of 1.1800 – 1.2050. A buy signal: the price holds above 1.1368. Stop Loss: below 1.1300, Take Profit: 1.1800 – 1.2050. Alternative…
Major central bank meetings and escalating Middle East tensions created forex market volatility, with Canadian dollar suffering worst weekly performance among currencies.
So far the economy is in a good place and so is policy Concerns about tariff impact on inflation aren’t as large as they were when they were first announced Many possibilities on how much of tariffs pass through to customers Fundamentals of economy are moving to where an interest rate cut may be necessary CEOs have cautious optimism…
The euro remains modestly bid against the US Dollar on Friday, amid a softer Greenback and calmer risk tone. US President Trump’s cautious stance on the Israel–Iran conflict reduces fears of immediate escalation, weighing on safe-haven flows. The EUR/USD holds near 1.1510, slightly below the intraday high of 1.1535, while the DXY slips back under 99.00. The Euro (EUR)edges…
2025.06.20 2025.06.20 USD/JPY: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 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 148.60 with a target of 138.65 – 131.50. A sell signal: the price holds below 148.60. Stop Loss: above 149.50, Take Profit: 138.65 – 131.50. Alternative…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Gold finds support from Trump’s Iran deadline, but US Dollar recovery limits gains. The US Dollar strengthens as markets balance safe-haven flows with evolving rate cut expectations. XAU/USD remains steady as Fed rate cuts are already priced in, but broader central bank caution tempers momentum. Gold (XAU/USD) is edging lower on Friday, trading around $3,368 at the time of…
2025.06.20 2025.06.20 WTI Crude Oil: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 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 66.50 with a target of 85.50 – 95.00. A buy signal: the price holds above 66.50. Stop Loss: below 64.00, Take Profit: 85.50 –…
