The dollar is mostly little changed on the day, as major currencies are lacking any real appetite to start the week. EUR/USD is sitting around 1.1680, continuing to keep below its key near-term moving averages for now: EUR/USD hourly chart The near-term bias might be more bearish but we’re not yet seeing sellers make too much of the recent…
GBP/USD crashes as UK GDP disappoints, trade war escalation boost USD The GBP/USD tumbles over 0.59% on worse than expected Gross Domestic Product (GDP) figures in the UK, which could warrant further easing by the Bank of England (BoE). This and an escalation of the trade war boosted the Greenback. At the time of writing, the pair trades at 1.3504 after reaching a…
2025.07.14 2025.07.14 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.07.2025 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: The price is rising in the fifth part of a bullish impulse towards 126,160.57. Consider long positions. XRPUSD: The price continues…
It looks like USD/JPY is still stuck in its longer-term range, as the pair sustained a bounce off support to make it back to the top. Will the ceiling still hold? Or are we about to see a breakout soon? USD/JPY 4-hour Forex Chart by TradingView Remember that USD/JPY range support bounce we had our sights set on the…
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United States Baker Hughes US Oil Rig Count: 424 vs previous 425
EUR/AUD took a hit last week but is now holding the line. Could this be the start of a bigger move? Let’s break down what the 4-hour chart is telling us: EUR/AUD 4-hour Forex Chart by TradingView Like the other majors, the euro gave way to the Aussie last week after the RBA surprised markets by keeping rates unchanged….
China June USD denominated trade data now, from China’s General Administration of Customs. Trade Balance US$114.77bn expected $112.10bn, prior $103.22bn Exports +5.8% y/y expected +5.0%, prior +4.8% Imports +1.1% y/y expected +0.3%, prior –3.4% —- January – June in USD: imports -3.9% y/y exports +5.9% y/y trade balance +586bn This article was written by Eamonn Sheridan at www.forexlive.com.
GBP/JPY trades modestly higher above 199.00 on Friday, up 0.35% intraday, amid broad-based Yen weakness. US President Trump’s 25% tariff threats on Japanese imports undermine the Yen’s safe-haven appeal. The cross is set for solid weekly gains, holding near year-to-date highs with strong bullish momentum. The British Pound (GBP) trades modestly stronger against the Japanese Yen (JPY) on Friday,…
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently…
