The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD. US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers. Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas. The Canadian Dollar (CAD) saw firm gains in employment figures on…
2025.06.06 2025.06.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2025 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 is expected to decline in the final part of the correction. The recommendation is to open short positions…
USD/JPY daily Nomura is outlining a bearish scenario for USD/JPY in a Friday note. They say the pair could fall to 136 from 144.92 currently by the end of September as Japanese investors repatriate and Washington leans on Tokyo to strengthen the yen. Another factor is a hawkish Bank of Japan and rising local yields, which could “encourage domestic…
China Foreign Exchange Reserves (MoM): $3.285T (May) vs $3.282T
2025.06.06 2025.06.06 US Dollar Weakens After Trump-Musk Bromance Over. Forecast as of 06.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US president and Tesla’s CEO had an unexpected quarrel. Elon Musk characterized the tariffs as unwise and expressed his support for Congress’s consideration of impeaching the head of state. However, the EURUSD pair was influenced by other events. Let’s discuss this topic and…
Comments from Bank of England rate-setter Megan Greene: Most of the near-term hump in inflation is due to one-off factors We expect inflation to continue to come down to target over medium term Our view is that we can look through it but of course that’s a big risk There is a risk people won’t consume even as rates…
Microsoft Corp. stock price extended its bullish momentum into Friday’s premarket session, building on Thursday’s breakout that briefly pierced the previous all-time high. The current rally has now lifted Microsoft stock above the $470 psychological barrier for the first time, cementing a new record high and reinforcing the stock’s short-term upward trajectory. Microsoft stock hit new all-time high above…
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,…
