GBP/USD rises above 1.2200 as Trump’s team considers a gradual increase in tariffs GBP/USD breaks its five-day losing streak, rebounding from its 15-month low of 1.2099, recorded on Monday. The GBP/USD pair remains above 1.2200 during the Asian trading hours on Tuesday as the Pound Sterling (GBP) gains ground amid improved investor confidence. The increased investor confidence is attributed…
Spot gold (XAU/USD) was knocked lower after hitting the $2,700 mark earlier this month. But buyers showed up at a key support zone, increasing the odds of the yellow metal extending its 2025 gains. Are you seeing what we’re seeing in the 4-hour time frame? Gold (XAU/USD) 4-hour Chart by TradingView In case you missed it, Friday’s solid U.S….
I posted on Himino here: BOJ’s Himino says rates will rise, but need to watch carefully for risks I noted that: I don’t see anything in Himino’s speech to indicate he is in a rush to raise rates. But there is nothing in it either to indicate he is much opposed to doing so. JPY dropped, but has come…
EUR/USD tapped the 1.0200 handle for the first time in over two years on Monday. European final inflation figures are due this week, but are unlikely to move the needle. It’s the Greenback’s ballgame to lose this week with key US inflation figures on the data docket. EUR/USD continued to explore the bearish side of the charts on Monday,…
2025.01.13 2025.01.13 US Dollar Unleashes Tools of Financial Destruction. Forecast as of 13.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In the fall, the US labor market showed signs of cooling, but now, many experts believe that this is no longer the case. The US Fed is planning to hold rates for an extended period, spurring US Treasury yields and sending shockwaves across global…
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The Dow Jones is looking to pare recent losses, but topside momentum remains limited. Investors are pivoting out of popular tech rally favorites, dragging equity markets lower. The Dow is keeping on balance as investors rotate into non-tech darlings. The Dow Jones Industrial Average (DJIA) skirted Monday’s broad-market declines as investors gave a second thought to their bullish outlook…
2025.01.13 2025.01.13 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 13.01.2025 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: A triangular correction continues. Expect growth in correction B. Consider long positions from the current level with Take Profit at…
Bitcoin (BTC/USD) is having trouble extending its gains above its December highs. Does this mean we should be on the lookout for a bearish trend reversal? We’re taking a closer look at the 4-hour chart for clues: Bitcoin (BTC/USD) 4-hour Chart by TradingView BTC/USD is off to a rocky start this year, as easing Fed rate cut expectations and…
The EURUSD moved to and through the 61.8% retracement of the range since the 2022 low to the 2023 high. That level came in at the natural support level of 1.0200. Breaking below was more bearish. The momentum on the break took the price down to 1.01753, but selling dried up and the price for most of the European…
