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…
2026.02.04 2026.02.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.02.2026 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. All three cryptocurrencies continue to lose value. The article covers the following subjects: Major Takeaways BTCUSD: Wave (Z) continues to develop. The price may decline to 71,786.58. Consider short…
Markets are about to focus on Canadian jobs data, with USD/CAD’s mid-channel resistance offering clues on which currency takes control. Will the pair extend its broader downtrend? Or will buyers step in and push price back toward higher inflection points first? We’re taking a closer look at the 4-hour chart! USD/CAD 4-hour Forex Chart Faster with TradingView Improved U.S….
Standard Chartered trimmed its 2026 Solana target but kept a bullish long-term view, arguing the network is shifting from memecoin speculation toward stablecoin-driven micropayments. The BTC plunge may mess with this forecasts: — Summary: Standard Chartered cuts its end-2026 Solana target to $250 from $310 Long-term roadmap unchanged, with $2,000 still pencilled in for 2030 Bank sees Solana transitioning…
The NZD/USD pair trades on a softer note near 0.5980 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges lower against the Greenback amid rising Unemployment Rates in New Zealand. Federal Reserve (Fed) Atlanta President Raphael Bostic is set to speak later on Thursday. Statistics New Zealand revealed on Wednesday that the country’s Unemployment Rate climbed…
2026.02.04 2026.02.04 Yen Under Pressure After Takaichi’s Remarks. Forecast as of 04.02.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When the government makes herculean efforts to lower the USD/JPY exchange rate, its leader’s attempt to pontificate on the advantages of a weak yen puts an end to those efforts. Let’s discuss this topic and make a trading plan. The article covers the following subjects:…
