There is just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1700 level. The pair has finally broken back to the upside yesterday amid a weaker dollar, with the near-term bias switching back to being more bullish now. That puts buyers back in control but given the lack…
The Bank of Canada (BoC) released triplicate survey reports on Monday, with the Q2 Business Outlook Survey showing less direct tariff impact in Q2 compared to Q1, while the BoC Business Leaders’ Pulse showed less export-focused firms expect worst-case tariff scenarios than before. The BoC’s Survey of Consumer Expectations also showed that despite improvements, the average Canadian consumer overwhelmingly…
Remember that gold symmetrical triangle we had our eyes on early this month? The chart pattern is still intact, and the precious metal is back to testing the top! Take a look at these inflection points to gauge if a breakout may be due. Gold (XAU/USD) 4-hour Forex Chart by TradingView As market sentiment and dollar price action continues…
Strategy is aiming to raise at least $500 million via a new preferred equity offering, selling 5 million Series A “Stretch” shares at $90–95 each with a starting 9% dividend to fund more Bitcoin purchases. The shares, marketed by major banks, are senior to most existing equity but junior to some earlier preferreds and convertibles. Unlike its other securities,…
The US Dollar starts the week under pressure, slipping against major currencies on Monday. Political pressure on Fed Chair Jerome Powell intensifies after DOJ referral over alleged perjury. The DXY US Dollar Index is retesting a critical support zone near 98.80-98.00, showing signs of fading momentum. The US Dollar (USD) kicks off the week on the back foot, slipping…
Goldman Sachs expects the Federal Reserve to begin cutting interest rates in September, projecting three consecutive 25bp reductions—one at each meeting through year-end— provided inflation expectations stay anchored. September 16-17 October 28-29 December 9-10 The bank emphasises that the easing cycle is contingent on inflation not flaring up again, but with current trends holding, it sees room for a…
Gold rallies as tariff risks and trade tensions fuel demand for safe-haven bullion. EU-US trade talks stall as President Trump increases demands, sending the US Dollar lower. XAU/USD threatens psychological resistance at $3,400 as bullish momentum increases. Gold (XAU/USD) is benefiting from renewed trade tensions on Monday, which have triggered demand for the safe-haven yellow metal. As the August…
2025.07.21 2025.07.21 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.07.2025 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 126,160.57. Consider long positions….
Bitcoin (BTC/USD) might be finding a floor after making fresh record highs last week. Think the OG crypto is ready to extend its gains? Let’s take a closer look at the 4-hour chart: Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView Bitcoin raked in pips last week as traders shrugged off the U.S. tariff headlines and concerns in favor of…
Iranian Foreign Minister Abbas Araghchi said on Monday that the country cannot abandon its nuclear enrichment program, even though its facilities have suffered major damage. “Enrichment has been halted for now due to the severity of the damage,” Araghchi told Fox News, “but we can’t give it up — it’s a product of our scientists’ efforts and, even more…
