The USDCAD remains directionless in the short term, trading within well-defined technical boundaries as market participants await a decisive break. On the 4-hour chart above, price action this week has respected major moving average levels: Tuesday’s high extended up to test the 100-day moving average, currently at 1.37954, where sellers leaned against resistance and held the line. On the…
The Bank of England (BoE) announced on Thursday that it lowered the policy rate by 25 basis points (bps) to 4% after the August meeting, as widely anticipated. According to the policy statement, policymakers voted 5-4 in favor of the rate cut after the second round of voting. Policymaker Taylor voted to cut rates by 0.5 percentage points in…
2025.08.07 2025.08.07 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 07.08.2025 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: Correction continues. Consider selling with a target of 107,842.00. XRPUSD: A bullish impulse is expected to end near a high of…
Stock heatmap by FinViz.com Thu, 07 Aug 2025 14:46:02 GMT Sector Overview 📈 Technology Sector: Today’s spotlight is on the technology sector, with Apple (AAPL) stealing the show, boasting a remarkable gain of 2.27%. Semiconductor stocks are also recovering, as evidenced by Nvidia’s (NVDA) increase of 1.58% and Broadcom’s (AVGO) rise of 1.75%. This resurgence is a consequence of…
GBP/USD Forecast: Pound Sterling tests key resistance, eyes on BoE GBP/USD holds its ground and trades above 1.3350 after posting strong gains on Wednesday. Investors stay on the sidelines while waiting for the Bank of England (BoE) to announce monetary policy decisions. The renewed selling pressure surrounding the US Dollar (USD) allowed GBP/USD to gather bullish momentum on Wednesday….
2025.08.07 2025.08.07 Pound’s Rescue Comes From Beyond the UK. Forecast as of 07.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ What matters more for the Bank of England: taming inflation or unemployment? Will the UK government choose to break its fiscal rules or its promises to voters? These are tough choices, but the British pound doesn’t seem to mind. Despite the difficulties, the GBPUSD…
Dollar weakness was the name of the game for the most part of the day, as the safe-haven currency was dragged lower by risk-taking and dovish Fed commentary. Meanwhile, crude oil caught early gains thanks to elevated geopolitical tensions before tanking sharply on reports of progress in US-Russia talks. Here are headlines you may have missed in the last…
Fundamental Overview The USD extended the losses yesterday following dovish comments from Fed’s Kashkari as he basically got in line with other members for a rate cut in September. This change of heart was triggered by the softer than expected NFP report last Friday. Overall, the data wasn’t as bad as one might think by just looking at the…
Gold price attracts some safe-haven flows in reaction to Trump’s fresh tariff threats. Rising bets for a Fed rate cut in September also benefit the non-yielding commodity. The USD drops to a nearly two-week low and offers additional support to XAU/USD. Gold price (XAU/USD) climbs to the top end of the weekly range during the early part of the…
2025.08.07 2025.08.07 Short-Term Analysis for Oil, Gold, and EURUSD for 07.08.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro reversed its short-term downtrend yesterday….
