GBP/USD has been climbing steadily since the start of the year, but 1.3600 is proving to be a tough ceiling for fresh 2025 highs. Will pound bulls find enough support to make another run at the resistance? GBP/USD 4-hour Forex Chart by TradingView Sterling is holding up better than commodity-linked currencies this month, as the US dollar gives back…
Must avoid complacency over inflation outlook Must focus on keeping inflation expectations at 2% The commentary fits with their stance from the last meeting, that is to keep the flexibility open. But as things stand, there should be no rate cut to follow in July. This article was written by Justin Low at www.forexlive.com.
The Pound Sterling plummets against its major peers after the release of the weak UK labor market data for the three months ending April. UK ILO Unemployment Rate accelerated to 4.6%, the highest level seen since July 2021. Investors seek Sino-US trade meeting minutes for fresh cues on the US Dollar’s outlook. The Pound Sterling (GBP) faces a sharp…
2025.06.10 2025.06.10 Foreigners Continue to Dodge US Treasuries. Forecast as of 10.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s “Big, Beautiful Bill” requires significant financial support. However, it is becoming increasingly difficult to attract non-residents to US Treasuries, which is exerting pressure on the US dollar. Let’s discuss this topic and make a trading plan for the EURUSD pair. The article covers…
WTI crude oil recently busted through a short-term double bottom neckline, suggesting that an uptrend is in order. However, the rally could stall at these nearby inflection points. Take a look at this long-term area of interest seen on the daily time frame: WTI Crude Oil (USOIL) Daily Chart by TradingView An improved global trade outlook, combined with a…
There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD at the 1.1400 and 1.1425 levels. Similar to yesterday, that should help to lock price action more intact until we get a change in broader sentiment from US-China trade talks. The 200-hour moving average in the pair, now…
The Australian Dollar holds ground ahead of the second meeting between US-China advisors on Tuesday. Australia’s Westpac Consumer Confidence increased 0.5% MoM in June, down from May’s 2.2% rise. US Consumer Price Index is expected to climb by 2.5% YoY in May, above April’s 2.3% rise. The Australian Dollar (AUD) advances against the US Dollar (USD) on Tuesday, extending…
2025.06.09 2025.06.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.06.2025 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 middle of wave , reaching approximately 100,434.00. XRPUSD: Bearish wave (XX) is…
Australia May 2025 business conditions index falls to 0 vs +2 in April (long-run average is around +6) 0 is a 4.5 year low Business confidence index rises to +2 vs -1 in April Some of the sub measures: sales index +5 in May vs. +6 in April employment index 0 vs 4 in April profitability unchanged at -4…
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