The US Dollar edges lower on Friday in thin holiday trade, snapping a two-day winning streak. Tariff tensions resurface as Trump prepares to send letters imposing unilateral trade duties from August 1. US President’s “One Big Beautiful Bill” passes the House of Representatives, raising long-term debt concerns. The US Dollar (USD) eases on Friday, drifting lower in holiday-thinned trading…
2025.07.04 2025.07.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.07.2025 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 is rising in the fifth part of a bullish impulse to a high of 111,854.30. Consider long positions. XRPUSD: A…
OPEC+ will raise oil production by 548,000 barrels per day in August. This is faster than expected. OPEC+ had previously announced increases of 411,000 barrels per day for each month of May, June and July, and this was the increase expected to be announced at Saturday’s meeting. OPEC+ cited: steady global economic outlook current healthy market fundamentals, as reflected…
AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline. AUD pressured by RBA cut expectations, while steady Fed policy underpins USD. AUD/USD holds a bullish structure, though momentum fades near wedge resistance. The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of…
2025.07.04 2025.07.04 USD/СAD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 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 1.3536 with a target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3536. Stop Loss: below 1.3470, Take Profit: 1.4018 – 1.4168. Alternative…
Credit Agricole highlights that renewed political and fiscal risks are weighing heavily on the GBP, with echoes of the traumatic September 2022 gilt crisis continuing to shape investor sentiment. Uncertainty over UK Chancellor Rachel Reeves’ future and the Government’s fiscal credibility is keeping GBP vulnerable. Key Points: Fiscal Austerity and Policy U-Turns:• Investors remain concerned about the growth-negative impact…
EUR/USD edges up 0.18% in thin trading as traders digest Trump’s sweeping tariff plans and EU–US tensions mount. Trump confirms tariffs up to 70% to take effect August 1, targeting EU goods, including food. Bloomberg: EU carmakers seek tariff relief via US investment pledges. Light US calendar shifts focus to German industrial output and Eurogroup meeting next week. EUR/USD…
2025.07.04 2025.07.04 USD/CHF: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 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 0.8200 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8200. Stop Loss: above 0.8270, Take Profit: 0.7700 – 0.7500. Alternative…
There’s basically nothing on the agenda today other than the Canadian Services PMI. The newsflow has been very limited and the price action in markets has been mostly rangebound. The NFP spikes have mostly been erased both in FX and US equity indices. The White House today is expected to begin sending letters to trade partners with the new…
Silver forms double-bottom near key support, signaling a potential breakout above $37.31. Doji candle and thin US holiday volume suggest pause, not reversal. Bulls eye resistance at $37.49 and $38.00; downside risk begins below $36.00. Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday….
