The BoC is expected to hold rates steady in June as officials tread carefully amid soft growth and sticky inflation. How might the Canadian dollar react to the event? We have the points you need to know if you’re trading the central bank decision! This Article Is For Premium Members Only Become a Premium member for full…
Japan is set to launch a new think tank to examine how economic security concerns influence supply chains and related sectors, according to Nikkei. The move comes amid growing unease over trade tensions and the situation around Taiwan. The think tank will operate under the National Security Secretariat (NSS) and form part of a broader strategy to strengthen Japan’s…
GBP/USD trades flat on Tuesday, holding within Monday’s range near 1.3520. BoE Governor Bailey sees rates moving lower but warns of increased uncertainty. A split within the MPC signals a cautious, data-driven rate path ahead. The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday high while remaining within…
2025.06.03 2025.06.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.06.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price continues to rise in the final part of the bullish impulse. The recommendation is to open long trades…
Trade tensions heated up after Trump doubled steel and aluminum tariffs to 50%, and China fired back, accusing the U.S. of breaking their agreement. Markets reacted in mixed fashion. Gold jumped 2.8%, oil rallied on supply concerns, and stocks finished higher even as the dollar slid to six-week lows. Here are headlines you may have missed in the last…
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…
USD/CAD dips toward 1.3700 despite stronger US JOLTS data as traders turn cautious ahead of Wednesday’s BoC decision. Technical setup favors bears with USD/CAD stuck in a descending channel; 1.3700 acts as short-term support. Momentum indicators suggest exhaustion with the RSI near oversold levels and the MACD losing its bearish momentum. The Canadian Dollar (CAD) holds firm against the…
2025.06.03 2025.06.03 Stochastic oscillator: A complete guide, best settings, and trading strategies Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ A stochastic oscillator is one of the most essential tools for determining market entry points. This momentum indicator measures market movement based on an asset’s price history and gauges an overbought or oversold market condition. Trading strategies that involve the stochastic oscillator are suitable for…
Is the BOC about to reinforce its neutral to optimistic stance this June? Our Event Guide for the BOC Decision suggests that the central bank could repeat its wait-and-see bias this time while reiterating their readiness to act if necessary. If so, I’m keeping an eye out for a Loonie relief rally on CAD/CHF or NZD/CAD….
I don’t think there is any reasonable basis to believe that the US consumer is going to stop spending any time soon. Yes, measures of consumer confidence are in the dumpster but those surveys — for whatever reason — are proving to be worthless in the 2020s. Below are four snippets from recent executive commentary. Taken together they paint…
