DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts. They highlight stronger-than-expected first-half growth, persistent core inflation and rising housing prices, but also note a hawkish hold is possible as…
The gold buyers raced higher earlier this week, helped by the broader decline in the U.S. dollar. The move carried the price away from its 100-day moving average at $4,391.78 and toward the 200-day moving average at $4,501.13. Yesterday, gold traded above and below the 200-day moving average as buyers and sellers battled for control. Today, however, the buyers…
The Mexican currency appreciates to levels last seen in May 2024 as the USD/MXN falls to a two-year low as the US Dollar tumbles even though business activity in the services sector improved. The exotic pair trades at 16.92, down 0.22% for the week and 0.50% for the week. USD/MXN weakens on soft US Dollar and carry support On…
2026.08.21 2026.08.21 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.08.2026 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: Expect a decline in an impulse wave 5. Consider short positions with a Take Profit at 57,654.73. XRPUSD: The price may…
A surprise Treasury buyback ran the week off the board: the dollar broke to a three-month low while gold and Bitcoin took off. Lanes graded, levels rolled.
Brazilian President Luiz Inácio Lula da Silva and U.S. President Donald Trump held a phone call Friday, with trade and tariffs among the issues discussed. According to the Brazilian government: Lula and Trump held a phone call on Friday, discussing both the bilateral relationship and the broader global agenda. Lula reaffirmed the need for negotiations over tariffs between Brazil…
US Treasury yields continue their recovery following the announcement of a bond buyback by the US Department of the Treasury, while data reveal that business activity remains solid despite a slowdown in manufacturing. Yields rise as strong services activity offsets Treasury buyback support US Treasury yields across the whole curve rose, with the 2-year Treasury yield – the most…
2026.08.21 2026.08.21 US Dollar May Fall Prey to Fed–Treasury Clash. Forecast as of 21.08.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US appears to be following in Japan’s footsteps. By attempting to control yields, the Treasury risks weakening the US dollar, as bond-market spreads may no longer support the greenback. Let’s examine these developments and develop a trading plan for the EUR/USD. The…
UK growth beat expectations while the labour market cooled hard and inflation reaccelerated to 2.9%. The Bank of England held in a narrower 6-3 vote than expected.
European shares are closing mostly higher on Friday, but the gains were not enough to erase losses for most of the major indices this week. The broader STOXX 600 is also on pace for a weekly decline as elevated bond yields and oil prices continue to weigh on sentiment. European closing levels: German DAX, +0.59% at 26,136.57 France’s CAC,…
