Scotiabank’s Shaun Osborne and Eric Theoret note USD/JPY is little changed despite strong verbal intervention from Finance Minister Katayama, who warned of decisive action at any time. Markets remain unimpressed, given repeated rhetoric and limited impact from actual Yen buying. They recall recent data showing a significant sentiment shift toward the Japanese Yen among local retail FX traders, who…
2026.07.17 2026.07.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.07.2026 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 price may decline in the fifth part of an impulse. Consider short positions with a Take Profit at 57,662.26. XRPUSD:…
The weekly Baker Hughes oil rig count showed a gain of 7 to 452. The Gas rigs were unchanged at 126 and Total rigs rose by 7 to 588. Versus a year ago, oil rigs are up from 422 while gas rates are up from 117. The price of crude oil today is up by $2.36 at $81.30. The…
The Mexican Peso loses traction against the Greenback, dropping over 0.65% during Friday’s North American session as the American currency benefits due to its safe-haven appeal as the US-Iran conflict is far from ending, despite holding talks to finish the war. The USD/MXN trades at 17.53, after bouncing off a daily low of 17.41. USD/MXN rises as Oil risks…
2026.07.17 2026.07.17 USD/CHF: Elliott Wave Analysis and Forecast for 17.07.26–24.07.26 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 0.8030 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.8030. Stop Loss: below 0.7990, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.8030 will allow the…
The escalation is showing no signs of stopping in the Middle East. There were reports that Iran targeted Kuwait yesterday and hit a desalization plant and now Iran’s semi-official Tasnim says that the Revolutionary Guard targeted a ship that ignored warning and tried to pass through Hormuz. Oil is having another big day with WTI up $3.53 to $82.48….
Commerzbank’s Dr. Henry Hao argues China’s housing market remains in structural stagnation five years after the Evergrande crisis. National prices follow an L-shaped path, with a K-shaped divergence between Tier-1 and lower-tier cities. Weak demand, tighter funding and demographics mean real estate will no longer be China’s primary growth engine as Beijing redirects capital to new sectors. L-shaped prices,…
2026.07.17 2026.07.17 EUR/USD: Elliott Wave Analysis and Forecast for 17.07.26–24.07.26 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 1.1483 with a target of 1.1124–1.0892. A sell signal: the price holds below 1.1483. Stop Loss: above 1.1530, Take Profit: 1.1124–1.0892. Alternative scenario: Breakout and consolidation above the…
Tthe market’s view of artificial intelligence is that one of the big winners will be the model-makers,. after all those are the people who invented it. Markets — at least private markets — have assigned huge valuations to the companies building the models, predominantly OpenAI and Anthropic. The history of great invesntions suggests investors should be careful with that…
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77.
