EUR/AUD has been cruising lower inside a descending channel and looks ready to make another pullback to resistance. Are sellers just waiting to hop in soon? Take a look at these inflection points on the 4-hour chart! EUR/AUD 4-hour Forex Chart by TradingView Strengthening expectations for an RBA interest rate hike appear to be propping up the Australian dollar…
There is arguably just one to take note of on the board for the day, as highlighted in bold below. That being for GBP/USD at the 1.3450 level. It isn’t one that might factor into play but if we do see an upside extension to the daily range in the session ahead, the expiries could pair with key near-term…
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 554.26 Saudi Riyals (SAR) per gram, down compared with the SAR 558.60 it cost on Wednesday. The price for Gold decreased to SAR 6,464.13 per tola from SAR 6,515.38 per tola a day earlier. FXStreet calculates Gold prices in…
GBP/JPY is taking a breather after several straight sessions of gains! Are we seeing a trend pullback? Or the start of a longer-term bearish reversal? We’re zooming in on the 4-hour time frame for more clues: GBP/JPY 4-hour Forex Chart by TradingView The British pound traded mixed on Wednesday as risk sentiment grew shaky, with geopolitical tensions and fresh…
Summary: China calls Carney’s visit pivotal and symbolic Beijing signals willingness to rebuild trust with Canada Ottawa strikes cooperative, forward-looking tone Visit hints at tentative reset after strained relations Near-term symbolism outweighs immediate policy substance China and Canada struck a conciliatory tone on bilateral relations as China’s foreign minister described Prime Minister Mark Carney’s visit as having “pivotal” and…
USD/CAD remains in the positive territory for the third successive session, trading around 1.3890 during the Asian hours on Thursday. The pair holds ground as the US Dollar (USD) receives support from stronger-than-expected US economic data. Traders will monitor the weekly US Initial Jobless Claims report later on Thursday, alongside remarks from Federal Reserve officials. The US Census Bureau…
2026.01.14 2026.01.14 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.01.2026 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) may target the 80,770.57 level. Consider short positions. XRPUSD: The price is expected to decline in the…
Markets delivered mixed signals on Wednesday as precious metals surged to historic highs amid geopolitical tensions and Federal Reserve independence concerns, while equities declined despite stronger-than-expected economic data that included robust retail sales and moderate producer price inflation. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines &…
Summary: Two-thirds of Japan firms expect economy to suffer from frayed China ties Nearly half report or anticipate direct business impact Rare-earth supply risk flagged as critical vulnerability 43% may reassess China-linked business if tensions persist Majority back BOJ’s latest rate hike, citing yen risks More than two-thirds of Japanese companies expect the domestic economy to suffer from deteriorating…
Silver prices skyrocketed to a new record high on Wednesday after bouncing off a daily low of $86.91, hitting a new all-time high at $93.52, and it seems poised to clear the $100.00 barrier in the near term. At the time of writing, XAG/USD trades at $93.05, soaring over 7%. Economic data in the US showed that inflation on…
