After breaking below its long-term triangle support, gold seems to be going for a retest of the area of interest. Will it hold as resistance this time? Check out these nearby inflection points on the 4-hour time frame: Gold (XAU/USD) 4-hour Forex Chart by TradingView Dollar domination in the last weeks of July triggered a breakdown from gold’s symmetrical…
Fundamental Overview The soft NFP report on Friday weighed on the risk sentiment as growth expectations took a hit. Bitcoin fell to new lows before erasing most of the losses as Fed’s Williams said over the weekend that he would go into the September meeting with “very much an open mind”. Overall, the data wasn’t as bad as one…
AUD/USD gives up most of its post-NFP gains but remains modestly higher on the day, still on track for its biggest weekly loss since March. The US NFP report showed only 73K jobs added in July, well below the 110K expected. Australia’s Q2 Producer Price Index slowed to 3.4% YoY and 0.7% QoQ, indicating easing input cost pressures. The…
2025.08.04 2025.08.04 The Dollar Puts on a Show. Forecast as of 04.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The latest US employment data has flipped the global narrative. Why should investors care about the eurozone when the US economy itself is sliding into the abyss? Let’s discuss it and make a trading plan for EUR/USD. The article covers the following subjects: Major Takeaways…
Planning to trade the U.S. dollar this week? USD/JPY is struggling to extend its recent drop after tagging some key inflection points. Think we’re looking at a decent area to buy into USD/JPY’s month-long uptrend? USD/JPY 4-hour Forex Chart by TradingView The dollar took a hit late last week after sharp downward revisions to May and June jobs data…
There are a couple to take note of on the day, as highlighted in bold below. They are for EUR/USD layered in between the 1.1550 to 1.1600 levels. The dollar was dealt a blow after the US jobs report last week, with massive downward revisions to payrolls and Trump’s firing of the BLS chief giving reasons for traders to…
Gold price rallies to $3,350 after weak US Nonfarm Payrolls report shows just 73K jobs added in July. May–June payrolls revised down by 258K; labor market turmoil supports Fed doves’ push for cuts. Fed funds futures now price 76% odds of a 25 bps rate cut in September. ISM Manufacturing PMI shows sector remains in recessionary territory; UoM Consumer…
After last week’s jobs report sent shockwaves through markets and Trump’s tariff blitz left everyone scrambling, this week promises to be equally eventful. Here’s what to look out for.
Goldman Sachs has maintained its Brent crude price forecasts, expecting an average of $64 per barrel in Q4 2025 and $56 in 2026. However, the bank warned that downside risks to oil demand are increasing, driven by rising U.S. tariffs, the threat of further trade measures, and weaker-than-expected economic data in the United States. According to Goldman, signs of…
After flagging a Dow breakdown alert, the broader market finally heeds the warning—this selloff was written on the wall days ago. Introduction Thursday’s rally fizzled as all three major U.S. equity futures hit resistance at their respective “micro 5” upper-channel pivots—Dow at 45,303, Nasdaq at 23,760.75, and S&P 500 at 6,459—only to reverse sharply. By mid-Friday, bears were firmly…
