Bitcoin retreated after testing its all-time highs, but it looks like bullish pressure is still in play while a new ascending triangle is forming. Take a look at these potential support zones! Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView Bitcoin has been forming higher lows since July but appears to be hitting a solid roadblock around R1 ($121,527), as…
Trump taps EJ Antoni to head BLS, sparking concerns over partisanship and expertise President Trump has nominated EJ Antoni, chief economist at the Heritage Foundation, to lead the Bureau of Labor Statistics, following Trump’s dismissal of the previous commissioner over job report revisions. The pick has drawn sharp criticism, much of it centred on Antoni’s reputation as a hyper-partisan…
There are still confusion over US tariffs on 1-kg and 100-oz Gold bar imports from Switzerland. Last seen at 3357 level, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Mild bullish momentum on daily chart intact “Gold was initially exempted from tariffs (back in Apr) but the letter from customs and border protection agency (which was seen by…
Missed this pair’s double bottom neckline break? Price is still going for a retest of this area of interest which could hold as support. Take a look at these Fibonacci retracement levels on the 4-hour chart! USD/CAD 4-hour Forex Chart by TradingView Rising crude oil prices and a less dovish BOC statement have allowed this pair to retreat from…
Goldman Sachs have assembled what they say is early analysis only of where tariffs are hitting pockets. Data as of June 2025, so yeah, still early: Foreign exporters have absorbed about 14% of US tariffs, while American companies have taken on 64% and consumers 22%, with protected domestic firms also raising prices and consumer costs projected to jump a…
Silver fails to extend gains beyond $38.50 and retreats to $37.60 support. Hopes of a US-China trade deal and of peace in Ukraine are weighing on precious metals. XAG/USD has broken below the ascending channel; there is scope for further depreciation. Silver (XAG/USD) accelerated losses on Monday, weighed by a moderate rebound on the US Dollar and investors’ appetite…
2025.08.11 2025.08.11 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 11.08.2025 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: The price may be rising within a bullish impulse. Consider buy entries with a target of 131,177.17. XRPUSD: A bullish impulse…
The first half of 2025 was marked by sharp swings, political drama, and geopolitical shocks for market participants. Markets started the year with positive momentum around President Trump’s return, tax cuts, and deregulation but momentum quickly faded after April’s “Liberation Day” selloff, driven by Trump’s tariffs threats, fiscal concerns, Fed tensions, and policy unpredictability. Geopolitical risks escalated with a…
The major European indices closed the day with mixed results. The decliners were the German DAX, France’s CAC, and Italy’s FTSE MIB. The UK FTSE 100 and Spain’s Ibex moved higher. A summary of the closing levels shows: German DAX, -0.34% France’s CAC, -0.57% Italy’s FTSE MIB -0.10% The winners: UKs FTSE 100 +0.37% Spain’s Ibex +0.21% US major…
Brent crude’s inability to hold above the key $71 mark is reviving bearish sentiment, with technicals pointing to deeper losses if support at $63 gives way, Société Générale’s FX analysts note. Repeated $71 tesistance test signals renewed weakness in Brent “Brent once again failed to establish itself above the 200-DMA (currently at $71) earlier this month and has since…
