Fundamental Overview The S&P 500 is back around the all-time highs after a strong rally triggered by the benign US PPI and the Trump’s reciprocal tariffs announcement. In fact, despite a higher than expected US PPI report, the details that feed into the Core PCE index, which is what the Fed focuses on, were all […]
The EUR/USD forecast indicates declining hopes for a near-term end to the Ukraine war. Ukraine’s president postponed his journey to Saudi Arabia. Market participants are looking forward to the FOMC meeting minutes. The EUR/USD forecast indicates declining hopes for a near-term peace deal to end the Russia-Ukraine war. While this hurts the euro, the dollar
EUR/GBP softens to around 0.8285 in Wednesday’s early European session. UK CPI inflation rose to 3.0% YoY in January vs. 2.8% expected. The dovish stance from the ECB might drag the Euro lower. The EUR/GBP cross weakens to near 0.8285 during the early European trading hours on Wednesday. The Pound Sterling (GBP) edges higher against the
New Zealand Dollar initially weakened following RBNZ’s 50bps rate cut today, but quickly regained ground as Governor Adrian Orr indicated that the pace of easing will slow in the coming months. Orr suggested that the central bank is likely to implement just more 25bps cuts, in April and May, provided that economic conditions unfold as
2025.02.17 2025.02.19 Economic Calendar for the Week 24.02.2025 – 02.03.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Trump and his unexpected statements have once again captured the attention of market participants. Since taking office, the newly elected US President seems to be the main newsmaker. His remarks continue to stir the markets, driving the US dollar to new highs and
Bitcoin’s journey toward a potential $500,000 price target by 2029 is gaining momentum as institutional interest continues to strengthen. Standard Chartered highlights that improved regulatory frameworks and reduced market volatility could attract more buyers, laying the foundation for long-term growth. Encouraging Q4 data from the U.S. Securities and Exchange Commission shows hedge funds leading the
Geopolitical tensions continue to support gold prices despite talks between the US and Russia, and a potential phase two deal between Israel and Hamas. Gold has held above the $2900/oz level to start the week, but the RSI indicates it is in overbought territory. The article identifies key support levels for gold at 2924, 2913,
EUR/USD slips to 1.0450 on Tuesday, cooling off after last week’s strong rally. RSI declines sharply to 55, signaling waning bullish momentum while MACD remains flat with green bars. The 20-day and 100-day SMAs are converging near 1.0450, raising concerns over a potential bearish crossover. EUR/USD took a step back on Tuesday, shedding 0.32% to
Forex markets remained subdued today, with muted reactions to key economic data. Dollar held broadly higher as traders focused on the US-Russia peace talks, where both sides agreed to continue discussions on ending Russia’s invasion of Ukraine. However, meaningful progress is unlikely without direct involvement from Ukraine and European nations, keeping market uncertainty elevated. Canadian
The Canadian dollar is calm on Tuesday. In the European session, USD/CAD is trading at 1.4194, up 0.08%. Canada’s CPI expected to creep up to 1.9% Canada releases the January inflation report later today and headline inflation is expected to edge higher to 1.9% from 1.8% in December, which was a three-month low. Headline inflation
A group of multilateral development banks are planning to collaborate on identifying and creating foreign exchange hedging tools to help fund projects in emerging market nations. The 10-strong group, which includes the World Bank, Inter-American Development Bank (IDB), and European Bank for Reconstruction and Development (EBRD), outlined plans in December to boost private capital investment
The USD/CAD price analysis shows anticipation before Canada’s CPI. Economists expect Canada’s monthly inflation to rise by 0.1% after a 0.4% drop. Data on Friday revealed a sharp decline in US sales. The USD/CAD price analysis shows anticipation building ahead of crucial inflation figures from Canada. Meanwhile, the dollar recovered slightly on Monday as market
Fundamental Overview Gold came under pressure last Friday following the weak US Retail Sales data. That reaction seemed wrong-footed given that it should actually support gold due to falling real yields. Moreover, Retail Sales are volatile so one negative month doesn’t change anything. Sure enough, the market eventually started to erase the losses with the
2025.02.18 2025.02.18 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.02.2025 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 continues to decline in the bearish impulse wave (C). Consider short trades from the current
Australian Dollar initially dipped after RBA’s widely expected rate cut, but the move was short-lived as the currency quickly stabilized. RBA’s cautious tone on further easing provided underlying support for the Aussie. The central bank made it clear that while policy easing has begun, it is not committing to a rapid or continuous rate-cut cycle.
