GBP/USD stalls as US data dominates a quiet UK week

GBP/USD ended Tuesday near where it started, settling close to 1.3545 after a narrow session capped by resistance around 1.3550. Price has held a roughly 60-pip range across the past two sessions, with overlapping wicks pointing to a market lacking conviction in either direction. With the UK economic calendar quiet through to the weekend, GBP/USD direction over the coming…

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Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 05.05.2026

2026.05.05 2026.05.05 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 05.05.2026 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 Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The fifth wave of the bullish impulse within a sideways correction is expected to be completed shortly. Consider long positions…

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USDCHF sellers remain in control. Price tests 100 hour MA twice and finds willing sellers

The USDCHF found support late last week after testing a key swing area floor between 0.7774 and 0.7782, a level that has held multiple times since April. Friday’s low at 0.77782 attracted buyers, sparking a rebound that carried into Monday. That upside momentum extended through a nearby resistance zone between 0.78309 and 0.7840, but the move stalled just shy…

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Oil shock keeps currencies on back foot – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX has softened again as Oil prices jump on renewed Middle East tensions and concerns over the Strait of Hormuz. They argue that higher energy import bills, inflation risks, firmer US Dollar (USD) and weaker risk sentiment are a negative mix for regional currencies, with Philippine Peso (PHP),…

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Yen Jumps Briefly After Intervention in Forex. Forecast as of 05.05.2026

2026.05.05 2026.05.05 Yen Jumps Briefly After Intervention in Forex. Forecast as of 05.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As long as oil prices continue to rise and the Bank of Japan refrains from raising interest rates, carry traders are likely to continue selling the yen. Against this backdrop, Japan’s currency interventions are unlikely to be effective or to reverse the prevailing uptrend…

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USDCAD sellers remain in control below swing area and 100 hour MA

The USDCAD is down modestly on the day, slipping -0.07% after an early push higher failed to gain traction above key resistance. The pair briefly moved above its 100-hour moving average and into a swing area between 1.3620 and 1.36305, but the lack of follow-through opened the door for sellers to reassert control into the North American session. The…

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