Last week, we looked at CHF/JPY for a potential breakout play as markets reacted to a less hawkish tone from the BOJ. Since then, the pair pushed to fresh June highs around 178.25 before running into steady selling pressure. Are we looking at a possible pullback opportunity? CHF/JPY 4-hour Forex Chart by TradingView The Swiss franc got a leg…
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West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $73.52 per barrel, up from Wednesday’s close at $72.94.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $75.08 price posted on Wednesday, and trading at $75.51. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on…
2025.06.19 2025.06.19 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.06.2025 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 is developing within a flat structure. Consider buying with Take Profit at 110,747.83. XRPUSD: The bullish linking wave…
Looking for an opportunity to jump on gold’s uptrend? XAU/USD is fast approaching a key support area. Check out what we’re seeing on the 4-hour time frame! XAU/USD 4-hour Chart by TradingView Gold has lost some of its shine in recent days as the Israel-Iran conflict pushed traders back into the U.S. dollar for safety. Hawkish Fed commentary, especially…
Another 25 bps rate cut today is all but expected and that will bring the key policy rate back to 0% for the SNB. The bottom line is that the Swiss economy is facing up against deflationary risks again and the SNB has to do what they can to prevent that. And amid a stronger franc currency, they don’t…
Australia’s Unemployment Rate steadied at 4.1% in May from 4.1% in April, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus. Furthermore, the Australian Employment Change arrived at -2.5K in May from 87.6K in April (revised from 89K), compared with the consensus forecast of 25K. The participation rate in…
Markets traded cautiously on Wednesday as investors juggled hawkish Fed signals with growing Middle East tensions. Equities ended flat, gold sold off, oil dipped, and the U.S. dollar rebounded late in the session after Fed Chair Powell warned of persistent inflation pressures. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac leading index…
The Wall Street Journal (gated) report on AESC is pausing construction of its $1.6 billion South Carolina EV battery plant due to economic uncertainty. In brief: Chinese-owned company is halting construction in part because of the Trump administration’s tariffs and a potential loss of federal subsidies for clean energy company pausing construction work because of “economic uncertainty arising from…
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