Scandinavian currencies should also do well if geopolitical risk is priced out, with Sweden’s krona likely better positioned than Norway’s krone due to opposite exposures to energy prices, ING’s FX analyst Francesco Pesole notes. Opposite energy price exposure favors Swedish Krona “The drop in NOK/SEK yesterday might be attributed to that. Sweden also reported an acceleration in July CPIF…
2025.08.08 2025.08.08 XAU/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 3442.25 with a bearish target of 3120.00 – 2950.00. A sell signal: the price holds below 3442.25. Stop Loss: above 3475.00, Take Profit: 3120.00 – 2950.00….
It’s easy to get dragged down by the day-to-day grind, isn’t it? Maybe your forex strategy feels broken. You’re bleeding pips left and right, even though you know your system works in the long run and you’re sticking to the plan. If you’re not careful, that frustration can snowball. Suddenly, quitting sounds tempting, or worse, you start believing you’re…
“It’s not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong”. This quote from George Soros sums up perfectly what trading is all about. Beginner traders don’t want to experience the pain of loss, so they search for trading systems that have high percentages…
US Dollar (USD) is expected to consolidate in a range of 7.1780/7.1980. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD/CNH to trade in a range 24-HOUR VIEW: “We expected USD to ‘consolidate in a range of 7.1800/7.2000’ yesterday. USD subsequently…
2025.08.08 2025.08.08 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.08.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, Here’s my short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: Correction continues. Consider selling with a target of 107,842.00. XRPUSD: A bullish impulse is expected to end near a high of 3.653. Consider…
Tariffs were once again front and center early in the day, with Trump putting the spotlight back on higher trade levies for chips and semiconductors, as well as possible oil-related sanctions. The BOE decision also stole the show with a “hawkish cut” as fewer than expected MPC members voted to ease. Here are headlines you may have missed in…
Fundamental Overview The bullish momentum has waned this week as traders turned their attention to the US CPI data coming up next week. The soft NFP report triggered a quick dovish repricing in interest rates expectations which fuelled a rally in gold as real yields fell. We’ve also seen more and more Fed members changing their tone on rate…
Last week, Mexico once again reaped the benefits of the strong relationship between its president and the US president, resulting in a further 90-day postponement of higher reciprocal tariffs. While this does not mean that the issues in the negotiations have been resolved, the strong relationship between the two leaders offers hope that progress will be made in the…
AUD/CAD has formed lower highs and higher lows to consolidate inside a symmetrical triangle formation. Is it due for a breakout soon? Here are the support and resistance zones I’m watching on the 4-hour chart. AUD/CAD 4-hour Forex Chart by TradingView This comdoll cross is still hovering around the middle of its triangle pattern, following a bounce off support…
