2026.01.09 2026.01.09 GBP/USD: Elliott Wave Analysis and Forecast for 09.01.26 – 16.01.26 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 1.3564 with a target of 1.3300 – 1.3240. A sell signal: the price holds below 1.3564. Stop Loss: above 1.3564, Take Profit:
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The overall market mood remains more pensive with investors keeping a close watch on the US jobs report later and potential court ruling on Trump’s tariffs. However, the mood in Europe this week has largely been more positive – not least being shielded from the tech slump yesterday as well. European stocks are pushing slight
Dollar is trading broadly higher in Asian session today, and remains the strongest performer of the week, as markets head into the December US non-farm payrolls report. Within FX, USD/JPY stands out as a pair to watch, with the pair edging closer to levels that would confirm an upside break. This week’s price action suggests
Malaysia’s industrial production growth moderated in November to the lowest level in four months, figures from the Department of Statistics showed on Friday. Industrial production climbed 4.3 percent year-on-year in November, slower than the 6.0 percent rise in the previous month. Among sectors, the annual growth in manufacturing softened to 4.9 percent from 6.5 percent.
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The GBP/JPY pair moves higher to near 211.30 during the late Asian trading session on Friday. The pair gains as the Japanese Yen (JPY) underperforms its peers, with ongoing trade tensions between Japan and China offsetting Tokyo’s unexpectedly strong Overall Household Spending data. Japanese Yen Price Today The table below shows the percentage change of
China avoids deflation in 2025 as inflation edges higher, easing still likely ECB vice-presidential hopeful Centeno flags “structural uncertainty” facing Europe Goldman says NFP unlikely to shift April Fed cut unless data sharply surprises China curbs rare-earth exports to Japan, Tokyo raises concerns with G7 and US China inflation hits near three-year high, but producer
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The average of household spending in Japan was up 2.9 percent on year in November, the Ministry of Internal Affairs and Communications said on Friday – coming in at 314,242 yen. That beat forecasts for a decline of 1.0 percent following the 3.0 percent drop in October. On a seasonally adjusted monthly basis, household spending
West Texas Intermediate (WTI) US Crude Oil prices attract fresh sellers during the Asian session on Friday and erode a part of the previous day’s strong move up from the vicinity of the lowest level since December 19, touched earlier this week. The commodity currently trades just below the $58.00 mark, down over 0.80% for
At a glance: Commerzbank says UK-EU rapprochement optimism is premature Single-market access would require slow, conditional concessions Danske Bank sees sterling’s recent gains as overdone Weak UK growth may prompt further BoE easing Relative UK-eurozone outlook favours EUR over GBP Sterling’s recent gains may be running ahead of fundamentals, with analysts warning that optimism around
Log in to today’s North American session Market wrap for January 8 The session is closing on a mixed note, painting a classic pre-NFP picture: choppy, directionless trading across most asset classes, but with a few very specific stories driving the undercurrents. One thing that stands out is Oil and Energy Markets, which are rising
United States Consumer Credit Change below expectations ($10B) in November: Actual ($4.229B) Source link
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Demand for protection against a selloff in key Latin American (LatAm) currencies has been rising steadily since December, as investors look to protect their carry trades from geopolitical impacts and dealers try to pare back tail risks. Foreign exchange options notional volumes in Brazilian real and Mexican peso reached $8.2 billion and $3.5 billion, respectively,
One year inflation expectations +3.4% vs +3.2% Three-year inflation unchanged at 3.0% Five year inflation unchanged at 3.0% Job-finding expectations hit record low Expectations of home price growth unchanged at 3% Perception of credit access fell Expectations of losing a job rose Median one-year-ahead earnings growth expectations remained unchanged at 2.6% in November The mean
