British Pound gathers strength to near 1.3300 on Burnham’s commitment to fiscal rules, NFP data loom

The GBP/USD pair gains traction to near 1.3290 during the Asian trading hours on Thursday. The British Pound (GBP) strengthens against the US Dollar (USD) as the UK’s likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal discipline. The US Nonfarm Payrolls (NFP) data for June will take center stage later on Thursday. Burnham…

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Foreigner investors pull record $137bn from Asia stocks as AI rally forces rebalancing

Regional equities here getting sold heavily. Posting this as background. – Record outflows from South Korea and Taiwan reflect index concentration risk rather than a broad risk-off shift, with long-only funds trimming winners to stay within diversification limits rather than exiting the region outright. The scale of selling, fastest in at least 16 years by LSEG data, raises the…

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Gold rebounds to near $4,050 on softer Fed stance, US NFP data in focus

Gold price (XAU/USD) gains momentum to around $4,045 during the early Asian session on Thursday. The precious metal recovers from near seven-month low as traders assess fresh remarks from Federal Reserve (Fed) Chairman Kevin Warsh. All eyes will be on the US employment data for June, which is due later on Thursday. During the European Central Bank’s annual forum…

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Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.07.2026

2026.07.01 2026.07.01 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.07.2026 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 markets continue to decline in line with our expectations.  The article covers the following subjects: Major Takeaways BTCUSD: The price continues to decline in impulse 5. Consider short positions with…

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PMIs temper easing expectations – MUFG

Michael Wan at MUFG reports that China’s manufacturing and non-manufacturing PMI data surprised on the upside, easing fears of imminent policy easing. He notes that a recent PBOC overnight reverse repo carried a lower-than-expected coupon, but argues that China’s operational monetary policy target will not immediately shift to the overnight rate, with the 7‑day reverse repo rate remaining the…

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Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (July 1, 2026)

2026.07.01 2026.07.01 Short-Term Analysis for Oil, Gold, and EURUSD for 01.07.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold tested the resistance A of…

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