There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD at the 1.1400 and 1.1425 levels. Similar to yesterday, that should help to lock price action more intact until we get a change in broader sentiment from US-China trade talks. The 200-hour moving average in the pair, now…
The Australian Dollar holds ground ahead of the second meeting between US-China advisors on Tuesday. Australia’s Westpac Consumer Confidence increased 0.5% MoM in June, down from May’s 2.2% rise. US Consumer Price Index is expected to climb by 2.5% YoY in May, above April’s 2.3% rise. The Australian Dollar (AUD) advances against the US Dollar (USD) on Tuesday, extending…
2025.06.09 2025.06.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.06.2025 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 price is expected to decline in the middle of wave , reaching approximately 100,434.00. XRPUSD: Bearish wave (XX) is…
Australia May 2025 business conditions index falls to 0 vs +2 in April (long-run average is around +6) 0 is a 4.5 year low Business confidence index rises to +2 vs -1 in April Some of the sub measures: sales index +5 in May vs. +6 in April employment index 0 vs 4 in April profitability unchanged at -4…
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2025.06.09 2025.06.09 Gold trading in 2025: how to choose the best strategy for beginners Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The history of gold as a monetary value began over 5,000 years ago. Initially, gold was used for forging and minting coins, and gold dust was also used as payment means. With the surge in global production, some countries began to use Au…
FX markets brace for another pivotal week dominated by US inflation data and lingering trade uncertainties. Let’s dive into how these developments could influence the major currencies this week!
Citigroup moved its US rate cut forecast to September from July expects three cuts this year instead of four expects 75bp of rate cuts this year instead of 100 expect a 25bp rate cut in each of September, October and December forecasts two rate cuts of 25 bps each in January and March of 2026 — Maybe its just…
AUD/USD firms above prior psychological resistance, now support at 0.6500. China’s positive trade data and trade negotiations with the United States contribute to AUD strength. Australia looks ahead to Tuesday’s Wespac Consumer Confidence data for signs of how Australians feel about the economy, which could impact AUD/USD price action. The Australian Dollar (AUD) is trading higher against the US…
2025.06.09 2025.06.09 How to Trade Forex with $100 Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ “How much money should I invest to profit from Forex?” New traders often ask that question at the beginning of their trading journey. A few dollars will be enough to start trading in a cent account, but you will need at least $100 to become a professional trader and…
