The S&P 500 started off the week on a positive note as US-China tariffs were slashed. The buying never really stopped as the index climbed every day this week. Friday’s changes: S&P 500 +0.7% Nasdaq Comp +0.45% Russell 2000 +0.9% DJIA +0.7% S&P TSX Comp +0.3% On the week: S&P 500 +5.1% Nasdaq Comp +7.0% Russell 2000 +4.5% DJIA…
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2025.05.16 2025.05.16 GBP/USD: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25 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 1.3130 with a target of 1.3750 – 1.4000. A buy signal: the price holds below 1.3130. Stop Loss: below 1.3080, Take Profit: 1.3750 – 1.4000. Alternative…
Moody’s Ratings The US government is in the middle of discussing a generational tax cut and Moody’s just voted. The ratings agency downgraded the full faith and credit of the USA to Aa1 from Aaa. That means that all three ratings agencies have now removed the US top rating. The drop comes a year after Moody’s lowered its outlook…
USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data. US consumer sentiment weakened in early May, raising concerns about the economic outlook. Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320. The USD/CHF pair is trading higher on Friday, testing a significant resistance zone near 0.8380…
2025.05.16 2025.05.16 USD/JPY: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25 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 148.70 with a target of 138.65 – 131.50. A sell signal: the price pierces 148.70 from above. Stop Loss: above 149.50, Take Profit: 138.65 – 131.50….
Markets: WTI crude oil up 88-cents to $62.50 US 10-year yields down 2.3 bps to 4.43% Gold down $46 to $3193 S&P 500 up 0.6% USD leads, CHF lags The FX market was lacklustre on Friday with no real driving force behind any of the moves. An earlier report about Japan balking at US trade negotiations didn’t get much…
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index. Investors are hoping that more clarity will come from the Trump administration on trade. The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged off the second-worst print…
2025.05.16 2025.05.16 WTI Crude Oil: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25 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 65.40 with a target of 52.80 – 45.00. A sell signal: the price breaches 65.40 to the downside. Stop Loss: above 66.50, Take Profit:…
Risk correlations appeared to break down again on Thursday, as crude oil took cues from geopolitical updates while dollar traders seemed more wary of weak PPI data and the U.S. budget bill. The focus shifted to Iran, moving closer to possibly signing a nuclear deal with the U.S. in exchange for sanctions being lifted, but the market optimism fizzled…
