Geopolitical tensions were in the spotlight for the most part of the day, followed a bit more progress in trade talks and another round of soft U.S. data. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand Electronic Retail Card Spending for May 2025: 0.9% y/y (0.1% y/y forecast; -0.3% y/y previous) New…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
GBP/USD closed above the 1.3600 level for the first time since February of 2022. UK economic data continues to soften, limiting bullish Cable momentum. US consumer sentiment figures to cap off the trading week. GBP/USD climbed into fresh 40-month highs on Thursday, closing above the 1.3600 handle for the first time in over three years. Broad-market investor sentiment climbed…
The latest financial stress reading has fallen. In the week ending June 6, the St. Louis Fed Financial Stress Index decreased to -0.81 from -0.54 the previous week. This is via the Federal Reserve, St. Louis branch research: measures the degree of financial stress in the markets and is constructed from 18 weekly data series: seven interest rate series,…
The Canadian Dollar gained fresh ground against the US Dollar on Thursday. Softer-than-expected US PPI inflation data pushed the Greenback lower as Fed rate cut bets rise. Canadian economic data remains limited through the rest of the month. The Canadian Dollar (CAD) lurched into fresh eight-month highs against the US Dollar (USD) on Thursday, pushing the USD/CAD pair to…
The final piece of the Fed puzzle next week could be a meaningful one if Bank of America is right. The retail sales report is due on Tuesday, just one day ahead of the FOMC decision. The consensus for the headline right now is +0.1% but they expect it to be soft, including a ‘control group’ reading at 0%….
GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected. This, along with a rise in jobless claims, was a tailwind…
2025.06.12 2025.06.12 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 12.06.2025 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: The bulls are heading for a high of 115,288.15. Consider buying with Take Profit at 115,288.15 XRPUSD: The price…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
United States EIA Natural Gas Storage Change came in at 109B, above expectations (108B) in June 6
