QCOM Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {iii} of 1. Direction: Upward movement expected in wave {iii}. Details: Currently positioned near the MediumLevel support at $150, aiming for further gains in minute wave {iii}. The Elliott Wave analysis for QCOM on the daily chart suggests a strong bullish trend. The stock is currently…
The Bank of England (BOE) held its Bank Rate unchanged at 4.25% in June, as widely expected. However, the vote split revealed more dovishness than anticipated, with three of nine Monetary Policy Committee (MPC) members voting for an immediate 25 basis point cut to 4.0%. Governor Andrew Bailey maintained that “interest rates remain on a gradual downward path” but…
JP Morgan is sticking to its bearish view on the U.S. dollar, arguing that a combination of moderating U.S. growth, robust global policy support, and waning investor appetite for U.S. assets continues to point toward further dollar weakness. In a note to clients, the bank outlined several persistent drivers behind its negative USD stance. These include signs of slowing…
The Bank of England leaves interest rates unchanged at 4.25%, which supports the strength of the Pound. GBP/JPY rises as the BoE holds rates, while the BoJ remains dovish ahead of CPI. The Bank of Japan will release its inflation data and BoJ Minutes on Thursday, with UK Retail Sales on Friday’s economic agenda. The British Pound (GBP) is…
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…
Indian Rupee extends losing streak for the third consecutive day, hits weakest level since mid-March against the US Dollar. Israel–Iran conflict enters seventh day, US reportedly prepared for possible military strike. Brent and WTI crude are up over 20% this month, supply fears keep prices elevated. The Indian Rupee (INR) extends its losing streak for a third consecutive day…
2025.06.19 2025.06.19 US Dollar Edges Higher After Powell’s Hawkish Talk. Forecast as of 19.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Seven FOMC members do not anticipate a reduction in the federal funds rate in 2025, and the Fed revised its inflation forecasts upwards. Against this backdrop, the EURUSD pair faced a sell-off. However, bulls also took advantage of the pair’s fluctuations. Let’s discuss…
Reuters had a piece up earlier that included four oil price forecasts. In brief: Citibank analysts said Brent crude could remain 15–20% above pre-conflict levels—around $75 to $78 per barrel—if the Iran-Israel conflict disrupts 1.1 million bpd of Iranian oil exports: Iran, OPEC’s third-largest producer, pumps 3.3 million bpd. Citi estimates that a 3 million bpd disruption over several…
Gold prices trade flat as markets balance the Fed’s data-dependent stance with rising geopolitical risks. The US Dollar temporarily stalls as US President Trump meets with his national security team to discuss the next steps in addressing the Israel-Iran conflict. XAU/USD trades in a narrow range as markets await developments on Middle East tensions Gold (XAU/USD) is trading within…
2025.06.19 2025.06.19 Short-Term Analysis for Oil, Gold, and EURUSD for 19.06.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold is falling in a correction within the…
