Yesterday, the gold buyers pushed the price above the 100 and 200 hour MAs. I wrote about it in a post outlining the bullish tilt: I ended that post saying the following: “If buyers can defend that support and extend the rally above today’s high at $4,115.67, it could trigger another wave of short covering […]
Cyprus’ consumer price inflation accelerated in June to the highest level in more than two-and-a-half years, preliminary data from the statistical office showed on Thursday. The consumer price index climbed 3.2 percent year-on-year in June, faster than the 2.6 percent increase in May. Moreover, this was the highest inflation rate since October 2023, when prices
Strong start fades as macro pressures dominate Ether began 2026 on a relatively constructive footing as optimism surrounding Ethereum’s technological roadmap and expectations of increasing institutional adoption initially helped support prices. In late January the fourth quarter of 2025 sell-off resumed with the successful implementation of the Pectra upgrade, which improved validator efficiency, wallet functionality
2026.07.02 2026.07.02 Pound Holds Steady as BoE Focuses on Inflation. Forecast as of 02.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of England has succeeded in bringing down inflation while also reducing expectations of further increases in the repo rate, weakening the pound. However, policymakers are now highlighting the risks of a renewed surge in consumer prices, providing fresh
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Fintech can be complex and Thailand’s largest asset-freeze dispute is becoming more than a legal story. For investors, FX operators, fintech firms, and regional banks, the case raises a practical question: can ordinary pooled-payment infrastructure become a regulatory risk if enforcement agencies trace funds backward through shared settlement accounts? Key takeaways for investors watching Thailand’s
Japan may not have spent a dollar today, but it may have achieved one of the key goals of intervention anyway. USD/JPY plunged from 162.59 to below 161.30, a move large enough to trigger immediate speculation that Tokyo had stepped into the market. There is no confirmation of actual intervention yet, but that may be
So far, fundamentals have been supportive of a weaker Japanese yen, in line with softer oil prices, where benchmark crude oil, Brent and WTI have fallen to below $75 per barrel, keeping a lid on the Japanese inflation trend, in turn, reducing the hawkish rhetoric from the Bank of Japan (BoJ). All these factors allow
Switzerland’s consumer price inflation eased marginally in June after remaining stable in the previous month, the Federal Statistical Office reported on Thursday. The consumer price index climbed 0.5 percent yearly in June as expected, slower than the 0.6 percent steady increase in May. Prices for food and non-alcoholic beverages continued to decline by 1.2 percent,
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EUR/GBP may have passed a turning point that extends well beyond this week’s inflation data. The sharp break below key technical support reflects more than a softer Eurozone CPI report—it signals that one of the market’s biggest policy trades of recent months is beginning to unwind, and intensifying. Investors are no longer betting that the
Bitcoin futures have repaired meaningfully from the late June sweep low near $57,850, but this is not yet a full bullish reversal. The short-term structure has improved while BTC holds above $60,300-$60,500, with the next key test at $61,550-$61,700, followed by the larger daily repair gate at $62,100-$62,700. Key takeaways for Bitcoin traders today Current
At the deep end: FX HedgePool’s struggle to stay afloat – FX Markets Skip to main content End of drawer navigation content Lack of offsetting flow, tech bottlenecks and higher-than-expected costs weighed on start-up’s growth Buying FX HedgePool in 2024 must have seemed like a good idea to LMAX Group. The foreign exchange swaps matching
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Regional equities here getting sold heavily. Posting this as background. – Record outflows from South Korea and Taiwan reflect index concentration risk rather than a broad risk-off shift, with long-only funds trimming winners to stay within diversification limits rather than exiting the region outright. The scale of selling, fastest in at least 16 years by
Crude oil prices fell to about $68 per barrel on Thursday, their lowest level since late February, as oil shipments through the Strait of Hormuz continued to rise and investors welcomed signs of progress in indirect US–Iran negotiations. A US official reported that crude flows through the strategic waterway had exceeded 10 million barrels per
Consumer prices in South Korea were up a seasonally adjusted 0.1 percent on month in June, Statistics Korea said on Thursday. That was in line with expectations and down from the 0.5 percent increase in May. On a yearly basis, inflation accelerated to 3.2 percent – again matching forecasts and up from 3.1 percent in
