The Pound Sterling (GBP) trades higher against its major currency peers on Wednesday as investors await the Bank of England’s monetary policy announcement on Thursday. The British currency gains on expectations that the BoE will leave interest rates unchanged at 3.75% in its first policy meeting of 2026. Market participants anticipate the United Kingdom (UK) central bank to hold…
2026.02.04 2026.02.04 Short-Term Analysis for Oil, Gold, and EURUSD for 04.02.2026 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. Oil prices continued to climb in a…
After crashing below its ascending trend line on the 4-hour time frame, USD/JPY looks prime for a pullback on its bearish reversal. Can the downtrend still resume from here? Take a look at these potential resistance levels! USD/JPY 4-hour Forex Chart Faster With TradingView The Greenback has been on a wild ride lately, tumbling sharply on Trump’s remarks about…
EUROPEAN SESSION In the European session, we will get the final services PMI for the major Eurozone economies and the UK. The market reacts the most to new information, so the Flash data is more important than the final PMIs. Therefore, unless we get big deviations, the market reaction will likely be muted. The main highlight will be the…
Gold prices rebounded strongly on Tuesday, reversing previous declines. The price rose by US$285.38 (6.1%) to US$4,946.76 per troy ounce. Silver also saw a significant rebound, increasing by US$5.89 (7.4%) to US$85.16 per troy ounce. This recovery comes amid ongoing market dynamics and investor sentiment. UOB Group’s Global Economics & Markets Research Team highlights the importance of gold’s price…
EUR/CAD may have broken an established trend, but both bulls and bears are still locked in on the same key levels! The pair is back at major support, where either fresh 2026 lows open up, or buyers step in again. Here’s what we’re seeing on the daily time frame: EUR/CAD Daily Chart Faster With TradingView Improved risk sentiment, mixed…
The won steadied as plans for NPS dollar bond issuance raised hopes of reduced FX pressure. Summary: South Korea’s won pared losses after reports the NPS may issue dollar bonds Pension fund aims to diversify funding amid FX volatility Dollar bond issuance could ease pressure on the won Review of FX hedging strategy now under way Authorities step up…
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair holds ground after China’s Services Purchasing Managers’ Index (PMI) rose to 52.3 in January from 52.0 in December. This figure came in stronger than the expectations of 51.8. China is a key trading partner of…
2026.02.03 2026.02.04 Weekly Economic Calendar for 09.02.2026–15.02.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants continue to digest the outcome of the Fed’s late-January meeting, along with speculation surrounding Kevin Warsh’s nomination as its next chair. Attention is also turning to fresh data from the ISM and the US Department of Labor, which offer new insight into business activity and the health of…
Markets digested a surprise rate hike from Australia’s central bank while technology stocks tumbled sharply on fears that AI automation tools could disrupt traditional software business models. Geopolitical tensions in the Middle East lifted oil prices even as equity markets rotated from growth to value. Check out the forex news and economic updates you may have missed in the…
