The NZDUSD started the week under pressure, with the move lower beginning near the 200-hour moving average, which sat at 0.6061 at the time. Monday’s high reached 0.6058, but sellers leaned against that level, triggering a move to the downside. The decline extended into Tuesday and Wednesday, with the pair breaking below the 50% retracement of the May low-to-June…
The Japanese Yen meets with a fresh supply as traders pare BoJ rate hike bets amid rising trade tension. Domestic political uncertainty also undermines the JPY and provides a goodish lift to the USD/JPY pair. The USD sits near a two-week top amid reduced Fed rate cut bets and contributes to the pair’s move up. The Japanese Yen (JPY)…
2025.07.11 2025.07.11 XAU/USD: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 3250.00 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3250.00. Stop Loss: below 3190.00, Take Profit: 3600.00 – 3800.00. Alternative…
Here’s a popular trading statistic that’s thrown around a lot in the retail forex world: More than 95% of traders fail. With such a high exit rate, you’d think that being a good trader is genetic! But the fact of the matter is that nobody is born a good trader. Successful traders are made, not born. Nothing can prove…
The euro is in focus today with Trump slated to deliver a tariff letter to Von Der Leyen outlining a tariff rate, likely with an August 1 deadline. The market would be expecting to see a 20% headline rate, which is in-line with what he announced on ‘Liberation Day’ before backtracking. Like that day, whatever number he announces today…
USD/CHF trades marginally higher, but is broadly sideways below 0.8000. US President Trump mulls to consider increasing tariff blanked for nations that failed to close deal during the 90-day tariff pause period. Dismal market sentiment has improved the safe-haven demand of the Swiss Franc. The USD/CHF pair edges higher to near 0.7980 during Asian trading hours on Friday. The…
2025.07.11 2025.07.11 USD/JPY: Elliott Wave Analysis and Forecast for 11.07.25 – 18.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 142.76 with a target of 151.20 – 154.80. A buy signal: the price holds above 142.76. Stop Loss: below 140.00, Take Profit: 151.20 – 154.80. Alternative…
Had a very constructive meeting with China foreign minister Wang Yi US and China have to have relations, communication Rubio spoke on the sidelines with Wang Yi after the ASEAN ministerial meeting in Malaysia. As for the Trump-Xi meeting, Rubio says that no date in mind was discussed though. So, make what you will of those “high” odds. This…
Here is what you need to know on Friday, July 11: The US Dollar (USD) outperforms its major rivals as safe-haven flows dominate the action in financial markets early Friday, with the USD Index staying in positive territory above 97.50 in the European session. In the second half of the day, Statistics Canada will publish the employment report for…
2025.07.11 2025.07.11 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 11.07.2025 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 to a high of 120,350.39. Consider long positions….
