NZD/USD consolidates within a symmetrical triangle on the 4-hour chart, reflecting short-term indecision. A rising wedge pattern on the daily chart signals a potential bearish breakout below 0.6038. Kiwi tests critical psychological support at 0.6050. The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday as market participants weigh near-term resistance against a weakening bullish…
Reuters reports that the OPEC+ meeting has been moved to Saturday 5th of July due to Ashura holiday. The group has been steadily adding back oil output since April and it’s expected to deliver another 411,000 output hike for August. This article was written by Giuseppe Dellamotta at www.forexlive.com.
The USD/JPY trades near 144.50 on Friday, amid thin liquidity, as US markets remain closed for Independence Day. Weekly candle shaping up as a long-legged doji, signaling strong indecision and potential breakout. The 50-day EMA at 144.90 acts as immediate resistance, while Initial support rests at Thursday’s low near 143.50. The US Dollar (USD) is trading slightly lower against…
Headlines: Markets: JPY leads, AUD lags on the day European equities lower; S&P 500 futures down 0.6% Gold up 0.3% to $3,336.22 WTI crude down 0.9% to $66.42 Bitcoin down 0.8% to $109,100 As we gear towards the long weekend in the US, markets in general are also taking a bit of a breather for the most part. It…
The US Dollar edges lower on Friday in thin holiday trade, snapping a two-day winning streak. Tariff tensions resurface as Trump prepares to send letters imposing unilateral trade duties from August 1. US President’s “One Big Beautiful Bill” passes the House of Representatives, raising long-term debt concerns. The US Dollar (USD) eases on Friday, drifting lower in holiday-thinned trading…
2025.07.04 2025.07.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.07.2025 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 111,854.30. Consider long positions. XRPUSD: A…
OPEC+ will raise oil production by 548,000 barrels per day in August. This is faster than expected. OPEC+ had previously announced increases of 411,000 barrels per day for each month of May, June and July, and this was the increase expected to be announced at Saturday’s meeting. OPEC+ cited: steady global economic outlook current healthy market fundamentals, as reflected…
AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline. AUD pressured by RBA cut expectations, while steady Fed policy underpins USD. AUD/USD holds a bullish structure, though momentum fades near wedge resistance. The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of…
2025.07.04 2025.07.04 USD/СAD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 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 1.3536 with a target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3536. Stop Loss: below 1.3470, Take Profit: 1.4018 – 1.4168. Alternative…
Credit Agricole highlights that renewed political and fiscal risks are weighing heavily on the GBP, with echoes of the traumatic September 2022 gilt crisis continuing to shape investor sentiment. Uncertainty over UK Chancellor Rachel Reeves’ future and the Government’s fiscal credibility is keeping GBP vulnerable. Key Points: Fiscal Austerity and Policy U-Turns:• Investors remain concerned about the growth-negative impact…
