2025.02.12 2025.02.12 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 12.02.2025 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 continues to decline in the motive wave . Consider short trades from the current level with Take Profit…

Read more

Gold has been setting one record high after another lately, but it looks like the precious metal is ready for a major pullback. Are these support levels still about to hold? Take a look at these inflection points on the 4-hour time frame! Gold (XAU/USD) 4-hour Chart by TradingView Gold bulls have been charging lately thanks to all the…

Read more

There are arguably just a couple to take note of on the day, as highlighted in bold. They are for EUR/USD at the 1.0300 and 1.0325 levels but amid another likely quieter session in Europe, the expiries should not see much of any impact. A softer dollar overnight helped the pair to climb out from 1.0320 to around 1.0350-70…

Read more

The Japanese Yen continues losing ground amid worries about Trump’s trade tariffs. Fed’s hawkish stance revives the USD demand and lends support to the USD/JPY pair. Rising bets for another BoJ rate hike in March could limit any further JPY decline.  The Japanese Yen (JPY) attracts heavy selling for the third straight day on Wednesday, which, along with a…

Read more

JPow just hinted that the Fed isn’t in any hurry to cut interest rates further. Will this help push USD/CHF above a key resistance zone? We’re taking a closer look at the pair’s daily chart for clues. USD/CHF Daily Forex Chart by TradingView In case you missed it, Fed Chair Powell made it clear that he and the crew…

Read more

Earlier previews of the PCI data due today are here: Later today, Wednesday, February 12, 2025, we get the US consumer inflation data. Due at 0130 GMT, which is 0830 US Eastern time *** OK, what to expect. This snapshot from the ForexLive economic data calendar, access it here. Taking a look at the range of expectations compared to…

Read more

Bank of Japan Governor Kazuo Ueda said early Wednesday that the Japanese central bank will continue to conduct its monetary policy with the aim of achieving its 2% inflation goal sustainably and stably. Ueda made the statements in parliament when questioned about the exit from the BOJ’s massive stimulus policy.  Market reaction  At the time of press, the USD/JPY pair was up…

Read more

2025.02.11 2025.02.12 Economic Calendar for the Week 17.02.2025 – 23.02.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Trump’s statements about introducing new restrictive tariffs are shaking up the markets. In times of such extreme uncertainty, investors are forced to turn to safe-haven assets like gold, government bonds, and the yen to protect their assets. In the upcoming week, 17.02.2025 – 23.02.2025, market participants will…

Read more

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range,…

Read more

Gold’s rally stalls, dropping 0.18% after profit-booking and Fed Powell commentary. Fed Chair Powell cites strong economic indicators and sees no immediate need for rate cuts amid trade tensions. Future US economic reports and Fed speeches are anticipated to impact Gold’s trajectory further. Gold prices edged lower during the North American session, dropping a minimal 0.18% on Tuesday after…

Read more