Late last week, Canada took a significant step to ease trade tensions by lifting many of its retaliatory tariffs on U.S. imports that fall under the USMCA free-trade agreement. This move aligned Canada’s tariff structure with the U.S. exemptions for goods covered by the pact and is intended to revive stalled trade negotiations. However, tariffs remain in place on…
USD/JPY could weaken as BoJ Governor Ueda expressed optimism that conditions for another rate hike are coming into place. The US Dollar may struggle as expectations grow for a Federal Reserve interest rate cut in September. Fed Chair Powell stated that risks to the labor market are increasing, while also noting that inflation remains a concern. USD/JPY appreciates after…
2025.08.25 2025.08.25 Three Outside Up & Down Candlestick Patterns Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Three Outside Up and Three Outside Down chart patterns signal a shift in the prevailing trend. Both patterns consist of three candlesticks that form under certain conditions, depending on the type of pattern: bullish or bearish. These three-candle reversal patterns are powerful tools for expanding a trader’s horizons…
Failing to capitalize on strong forex moves is not necessarily a bad thing. However, missing out on too many opportunities can lead traders to commit classic newbie mistakes. So, what’s keeping traders like you and me from seeing a breakout or trend reversal as it happens? Here are three possible reasons: 1. You’re too focused on your own trade…
Prior month 0.656M New-home sales 0.652 million versus 0.630 million estimate. New-home sales -0.6% month on month versus a gain of 4.1% last month. The prior month was revised higher to 0.656 million from 0.627 million previously reported. New-home sales down -8.2% year on year Mortgage rates at the time were above 6.75%. So it was not represented in…
USD/CAD remains under pressure as Fed’s Powell signals that he is open to monetary policy adjustments. Fed Powell’s dovish interest rate guidance has battered the US Dollar. Investors await US Durable Goods, PCE inflation, and Canada’s GDP data. The USD/CAD pair struggles for a firm-footing during the Asian session on Monday after sliding almost 0.8% to near 1.3820 on…
2025.08.25 2025.08.25 Yen Takes Adrenaline Jab From Central Banks. Forecast as of 25.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ US Treasury Secretary Scott Bessent’s remarks on the outlook for monetary policy were indeed noteworthy. However, Fed Chair Jerome Powell and Bank of Japan Governor Kazuo Ueda established the USDJPY rate at Jackson Hole. Let’s discuss this topic and make a trading plan. The article…
Candlestick charts are one of the most widely used tools in technical analysis, offering traders a clear and concise way to interpret price movements over specific time intervals. Each candlestick captures four key data points—the open, high, low, and close—providing valuable insight into market behaviour within that period. By studying the shapes and formations of candlestick patterns, traders can…
Fundamental Overview The USD sold off across the board on Friday as Fed Chair Powell tilted more dovish by saying that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” That saw traders firming up expectations for a rate cut in September which now stands around 85% probability…
GBP/USD rallies near 1.3500 as Fed Chair Jerome Powell hints at renewed easing cycle during Jackson Hole speech. Powell: “Downside risks to the labor market are rising,” boosting September cut odds from 75% to 90%. Fed balance: tariffs could drive one-time inflation, while stagflation risks emerge from opposing inflation and employment pressures. The GBP/USD pair rallies on Friday as…
