Euro extends losing streak against British Pound, hits 16-month low

EUR/GBP trims part of its intraday decline on Wednesday but remains on the back foot for the ninth consecutive day as concerns over France’s fiscal position weigh on the Euro (EUR). At the time of writing, the cross trades around 0.8467 after falling to 0.8447 earlier in the day, its lowest level since June 2025. France’s fragile fiscal outlook…

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Bitcoin’s Rally Loses Momentum as Risk Appetite Favors Tech. Forecast as of 07.10.2026

2026.10.07 2026.10.07 Bitcoin’s Rally Loses Momentum as Risk Appetite Favors Tech. Forecast as of 07.10.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The cryptocurrency market has changed significantly. Investors are no longer buying Bitcoin simply because its price is rising. The cryptocurrency is gradually becoming more of a traditional asset, while its growing correlation with tech stocks is breaking down some of the market…

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Triangle wave four keeps 160 resistance in focus

USD/JPY is still consolidating after the strong rally from the wave B low near 152.96, and the structure still looks like wave (iv) of an incomplete five-wave advance. On the 2-hour chart, waves (i), (ii) and (iii) already look complete, and the latest sideways price action fits a triangle for wave (iv). Triangles usually show up late in a…

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Technical analysis of US Crude, XAUUSD and EURUSD for Today (October 7, 2026)

2026.10.07 2026.10.07 Short-Term Analysis for Oil, Gold, and EURUSD for 07.10.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders. The euro tested the resistance A…

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More downside likely below 1.1160

The Euro (EUR) is down 0.18% to near 1.1238 against the US Dollar (USD) during the Asian trading session on Wednesday. The major currency pair faces selling pressure as the US Dollar regains ground after a corrective move the previous day. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades…

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Forex Economic Calendar Overview: Key Events for the Next Trading Week (12.10.2026–18.10.2026)

2026.10.06 2026.10.07 Weekly Economic Calendar for 12.10.2026–18.10.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The key event of the coming week (October 12–18, 2026) will be Wednesday’s release of US consumer and producer price data. At its late September meeting, the Fed raised the federal funds rate by 25 basis points to a range of 3.75–4.00%, its first hike in three years. Fed Chair…

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