Gold is up another 0.6% today as buyers continue to keep poised in chasing a major breakout move to start September trading. Things are continuing to fall into place for gold and after a period of consolidation since the end of May, is this where we see the technical side also play ball? Gold (XAU/USD) daily chart The April…
When I read the news about the dismissal of Fed Governor Lisa Cook on a newsflash during my vacation, I was certain the markets would go crazy. To my surprise, however, I now have to acknowledge that EUR/USD is trading nearly unchanged compared to levels from three weeks ago. Even in the options market, I can’t detect any heightened…
With traders from the U.S. and Canada out enjoying the Labor Day holiday, how did financial markets fare during the first day of this brand new month? Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: U.S. Federal Appeals Court ruled that most of Trump’s tariffs are illegal, decision to be made…
BOJ Deputy Governor Himino says Japan’s real interest rate remains very low Appropriate to continue raising rates in line with improvements in the economy and prices Notes there are both upside and downside risks to the outlook for growth and inflation BOJ wants to scrutinise without preset assumptions whether baseline projections materialise Japan–US trade agreement is major progress, reduces…
AUD/USD jumps to near 0.6560 as Fed dovish expectations have weighed on the US Dollar. Fed officials have started arguing in favor of monetary policy expansion amid growing labor market concerns. Australia’s Caixin Manufacturing PMI data came in higher at 50.5. The AUD/USD pair gains sharply to near 0.6560 during the European trading session Monday. The Aussie pair advances…
Apple is expected to release the new iPhone 17 series on September 9th (US time). Foxconn in China is the main contract manufacturer. Foxconn is ramping wages higher to attract workers in order to hit shipment targets: media reports indicate that employees at Foxconn’s Zhengzhou plant are “working overtime every day.” factory launched a series of recruitment activities at…
Slight increase in upward momentum is likely to lead to a higher range of 1.3475/1.3535 rather than a sustained advance. In the longer run, Pound Sterling (GBP) is likely to continue to range-trade; a narrower range of 1.3420/1.3560 is likely to enough to contain the price movements, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. GBP…
The European Central Bank has likely finished cutting interest rates, according to Primoz Dolenc, Slovenia’s acting central bank governor. He told Delo newspaper that the ECB’s July Governing Council meeting concluded the easing cycle was over and no new developments since then justify a change. Current policy is seen as sufficient to reach the inflation target. Dolenc noted that…
EUR/USD trades close to a one-week high near 1.1730 as the US Dollar underperforms on firm Fed dovish bets. Investors await a slew of US labor market-related data this week. German inflation grew at a faster-than-expected pace in August. EUR/USD trades higher to near a one-week high around 1.1730 during the European trading session on Monday. The major currency…
2025.09.01 2025.09.01 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.09.2025 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 completion of impulse 1 will likely be followed by a correction 2 targeting 115,940.00. Consider long positions. XRPUSD: An…
