AUD/CAD has formed lower highs and found support around the .9075 level, creating a descending triangle on its 4-hour time frame. Can it bounce off resistance again? Or will we see a breakout this time? AUD/CAD 4-hour Forex Chart by TradingView Stronger than expected Australian CPI released earlier this week helped cement hawkish RBA expectations, lifting AUD/CAD closer to…
The precious metal may be up a little over 2% on the week thus far but the technical picture remains the same. The move higher yesterday saw gold touch a high of $4,173 before falling back slightly now to $4,157 on the day. On the daily chart, it is still clear that price action is keeping within the flag/wedge…
The Euro hesitates near monthly lows, following a sharp reversal after the release of the UK Budget on Wednesday. The pair has found some support at 0.8745 earlier on the day, but is lacking acceptance above 0.8760, and looks likely to extend its reversal, aiming for the 0.8720 area. UK Finance Minister Rachel Reeves delivered a tax-raising budget on…
2025.11.27 2025.11.27 US Dollar Retreats As Its Strength Questioned. Forecast as of 27.11.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ At the beginning of the year, many predicted that the US dollar would rise, but dollar bulls turned out to be wrong. Now, a bearish consensus is forming in the market. However, will sellers end up in trouble? Let’s discuss this topic and make…
Kiwi’s recent gains got NZD/USD knocking on a key resistance zone! Think we’ll see an upside breakout this week? Or will Kiwi bears defend the resistance area for another day? NZD/USD 4-hour Forex Chart by TradingView RBNZ’s signals that its easing cycle may be wrapping up, paired with stronger-than-expected quarterly retail sales, had traders scooping up the New Zealand…
It’s been a positive week for risk trades in general and that will see off investors into the Thanksgiving holiday break which starts today. The holiday typically stretches through to the weekend with US economic data releases also absent from the calendar, after having been pushed forward to yesterday. As a reminder, both the US stock and bond markets…
Wall Street analysts are bullish on this clothing retailer. Heading into Black Friday and the holiday shopping season, retailers are primed and ready for a big final month of the year. But it was Black Wednesday for one retailer, Urban Outfitters (NASDAQ:URBN), as its stock price soared 13% on Wednesday to near a 52-week high. The catalyst was the…
Will we see further consolidation on EUR/CAD? The pair appears to be finding a ceiling at the top of its range once more, possibly setting its sights lower. Take a look at these near-term inflection points. EUR/CAD 4-hour Forex Chart by TradingView The lack of major catalysts from both the eurozone and Canada seems to be keeping EUR/CAD inside…
Bank of Korea Governor Rhee Chang-yong said Thursday’s policy decision was not unanimous, revealing that board member Shin Sung-hwan dissented. Shin argued domestic demand remains too weak to justify the board’s majority position. Rhee noted that three other board members indicated they were open to a near-term rate cut, highlighting a more divided committee as growth risks persist. Rhee…
Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday, “if economic activity and prices develop in line with the bank’s outlook, the bank will gradually adjust the degree of monetary accommodation.” Additional quotes What is needed for inflation to be sufficiently sustainable and stable is steady expansion in demand and an accompanying sustained increase in nominal wages. Although growth…
