2025.06.06 2025.06.06 USD/СAD: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 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 1.3427 with a target of 1.4300 – 1.4800. A buy signal: the price stops declining and bounces upward from the level of 1.3427. Stop…
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…
Like a thief in the night, Silver prices broke through $35/oz. Last time Silver broke this range, it took roughly 6 weeks to trade $50/oz, TDS’ Senior Commodity Strategist Daniel Ghali notes. No guarantees in Silver rally as ETF flows near extremes “We highlighted this breakout was 1) related to futures-driven flows, 2) which transacted across several metals simultaneously,…
2025.06.06 2025.06.06 USD/CHF: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 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 0.8350 with a target of 0.7800 – 0.7600. A sell signal: The price reverses downward from 0.8350 after a correction. Stop Loss: above 0.8425, Take Profit:…
No one has better data than Walmart and the CFO is just out saying that consumer spending has been ‘largely consistent’. I wouldn’t take it as gospel because Target threw up some red flags in earnings and Lululemon did today as well but I certainly wouldn’t bet against WMT. This article was written by Adam Button at www.forexlive.com.
United States (US) President Donald Trump took to social media on Friday to call upon Federal Reserve (Fed) Chairman Jerome Powell to lower interest rates. “There is virtually no inflation (anymore), but if it should come back, raise ‘rate’ to counter. Very simple!!! He is costing our country a fortune. Borrowing costs should be much lower,” Trump said on…
2025.06.06 2025.06.06 Silver Closing the Gap with Gold. Forecast as of 06.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ After a slow start, silver has gained momentum heading into summer. The XAG/USD rally was fueled in part by gold’s failure to hold above the psychologically important $3,500/oz level. Let’s discuss it and make a trading plan. The article covers the following subjects: Major Takeaways…
Just when you thought markets were settling into summer mode, this week in the markets served up a five-day masterclass in why traders need strong coffee and stronger nerves. We had Trump doubling down on tariffs, the ECB playing rate-cut bingo for the eighth time, and a steady stream of U.S. jobs data that swung from “apocalypse now” on…
CIBC economists dug through today’s Canadian employment report and see a jobs market that continuing to gradually weaken. The country added 8.8K compares compared to a -12.5K consensus but unemployment ticked up to 7.0% from 6.9%. “Trade sensitive areas such as manufacturing and transportation & warehousing unsurprisingly showed weakness, but for now that is being offset by job growth…
FuelCell Energy came out with a quarterly loss of $1.79 per share versus the Zacks Consensus Estimate of a loss of $1.51. This compares to loss of $2.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -18.54%. A quarter ago, it was expected that this fuel cell…
