WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by 4.304 million barrels in the week ended May 30, according to the EIA. Heightened geopolitical risks and expectations that Iran will reject a US nuclear deal might cap the WTI’s downside. West Texas Intermediate…
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The Canadian Dollar found a new eight-month peak against the US Dollar on Wednesday. The BoC held rates steady at its latest interest rate decision, giving the Loonie a boost. Global markets await the next episode in Donald Trump’s tariff and trade wars, limiting Greenback flows. The Canadian Dollar caught a rally on Wednesday, bolstered by a rate hold…
Deutsche Bank is maintaining its call for a 1.50% terminal rate in the European Central Bank’s (ECB) easing cycle but notes rising risks that the cycle may end sooner than previously expected. As the second half of the year unfolds, the bank expects market focus to shift away from near-term rate cuts and toward how much tightening may follow…
USD/MXN trades below 19.20 after testing a new YTD low at 19.16. US ADP Employment and ISM Services PMI data missed forecasts. Mexico responds to increased tariffs on steel and aluminum imports to the US. The Mexican Peso (MXN) is trading near a fresh year-to-date high against the US Dollar (USD) on Wednesday, which is providing support for the…
2025.06.04 2025.06.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.06.2025 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 scenarios outlined previously remain valid. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the final part of the bullish impulse. Consider long…
Missed the trend line breakout on EUR/GBP? The pair could still be gearing up for a quick retest before gaining traction on this potential long-term reversal. Take a look at these nearby correction levels on the 4-hour time frame: EUR/GBP 4-hour Forex Chart by TradingView After cruising below a descending trend line for more than a month, EUR/GBP finally…
USD/JPY 10 mins USD/JPY slumped 130 pips on Monday, rebounded 130 pips on Tuesday and fell 130 pips today. These are wide moves in a pair that was once known as a sleepy pair. To start the week, trade was the driver but today the focus was on the US economy. Soft readings on ADP employment and ISM services…
Bank of Canada Governor Tiff Macklem provides insights into the central bank’s policy outlook while responding to enquiries from reporters. This follows the bank’s decision to maintain its policy rate at 2.75%, a move that was widely expected by markets. BoC press conference key highlights We will be looking carefully at the next two CPI reports. There is some…
2025.06.04 2025.06.04 Short-Term Analysis for Oil, Gold, and EURUSD for 04.06.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold continues to trade in a short-term uptrend. The…
