Just when it seemed that gold already broke below a long-term consolidation pattern, a fresh triangle formation is brewing on its 4-hour time frame. Check out these potential inflection points! Gold (XAU/USD) 4-hour Forex Chart by TradingView This precious metal still seems intent on forming higher lows, as price just bounced off the $3,320 support area while risk aversion…
UN Secretary General Guterres, speaking in Yokohama, Japan, called for an immediate ceasefire in Gaza to avoid massive death and destruction in Gaza City. Guterres also called on Israel to reverse its decision to expand what he described as illegal settlements in the West Bank. This article was written by Arno V Venter at investinglive.com.
The US Dollar (USD) is trading mixed versus is major currency peers but gains versus the core majors overnight appear to have peaked, leaving the Dollar Index (DXY) trading down modestly on the session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. USD trades mixed, DXY drops back from overnight peak “The NZD is trading more than…
Canada’s annual inflation rate decelerated to 1.7% in July, down from 1.9% in June, as plummeting gasoline prices helped offset rising grocery and shelter costs, according to data from Statistics Canada. While the headline deceleration was largely attributed to energy base effects from carbon tax removal, the 3-month annualized measures of core inflation that the central bank closely monitors…
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…
The current price movements in Japanese Yen (JPY) are likely part of a range-trading phase between 147.35 and 148.20. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD has likely moved back into a range-trading phase 24-HOUR VIEW: “USD…
2025.08.20 2025.08.20 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.08.2025 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 may grow within a bullish impulse. Consider buy entries with a target of 124,560.00. XRPUSD: The zigzag-shaped correction (B)…
Markets weren’t exactly hungry for risk on Tuesday, as the safe-haven dollar dominated while commodities, crypto, and stocks closed out deep in the red. Meanwhile, Canada’s latest CPI print bolstered BOC interest rate cut expectations, triggering some losses for their currency as well. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac Consumer…
Broad support to hold rates steady, with only Waller and Bowman dissenting in favor of a cut. Division on tariffs: some officials believe clarity will come in the months ahead; others argue it’s not feasible to wait for complete clarity before adjusting policy. Majority judged inflation risks as greater than risks to employment. Doves (Waller, Bowman, allies) argue tariff-driven…
Downward momentum continues to increase, and there is a chance for Pound Sterling (GBP) to drop to 1.3460. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Downward momentum continues to increase 24-HOUR VIEW: “After GBP dropped…
