Bitcoin is at the worst levels in 15 months as it breaks below $67K for the first time since October 2024. It’s part of a swan dive since $90K on January 28. That’s a harsh fall in a very short period of time. Since October 6 when Bitcoin hit $126K, it’s down 48% in the worst drawdown in years….
EUR/USD trades around 1.1800 on Thursday at the time of writing, virtually unchanged on the day, as investors digest the European Central Bank’s (ECB) decision and a series of mixed economic releases from the United States (US). The European Central Bank announced on Thursday, following its February policy meeting, that it kept its key interest rates unchanged, in line…
2026.02.05 2026.02.05 Pound Declines As BoE May Leave Interest Rates On Hold. Forecast as of 05.02.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of England will keep the repo rate at 3.75%, but its new economic forecasts and rhetoric are much more important. Due to confidence in slowing inflation, it will deliver dovish remarks. Let’s discuss this topic and make a trading…
Mid-tier U.S. data presented a nuanced picture of the economy, with the services sector maintaining steady growth while private sector job creation slowed to a crawl in January, prompting mixed movements in the U.S. dollar across major currency pairs. Key Takeaways ADP National Employment Report: Private sector employment increased by just 22,000 jobs in January Annual pay growth held…
Prior 3.75% Bank rate vote 5-4 vs 7-2 expected Breeden, Dhingra, Ramsden, Taylor voted for a 25 bps rate cut “All is going well, there should be scope for some further reduction in the bank rate this year” But this does not mean that there is expectation to cut the bank rate at any particular meeting On the basis…
The USD/JPY extends its winning streak for the fifth trading day on Thursday, trades 0.26% higher to near 156.20. The pair advances further due to continued outperformance from the US Dollar (USD). During the day, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posts a fresh weekly high at 97.90. US Dollar Price…
2026.02.05 2026.02.05 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 05.02.2026 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 the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: Wave (Z) continues to develop. The price may decline to 67,428.76. Consider short positions. XRPUSD: The price continues to decline…
EUR/GBP has been cruising below a falling trend line on its 4-hour time frame and looks ready to test this area of interest again. Can it hold as a ceiling? Or are we about to see a major reversal this time? EUR/GBP 4-hour Chart Faster With TradingView The Bank of England’s (BOE) “hawkish cut” back in December, followed by…
EUROPEAN SESSION In the European session, the main highlights will be the BoE and ECB rate decisions. The Bank of England is expected to hold the Bank Rate steady at 3.75% with a 6-3 vote split (although there’s also a strong consensus for a 7-2 split). The guidance in the statement will likely remain unchanged and the focus will…
Commerzbank’s Michael Pfister analyzes the Bank of England’s current stance on interest rates, highlighting the potential for surprises despite no expected changes at the upcoming meeting. The report notes the delicate balance the BoE faces between persistent inflation and weakening growth, suggesting that the risks to the Pound may lean towards further interest rate cuts. Bank of England’s cautious…
