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EUR/USD Forecast: Peace Deal Uncertainty Weighs on Eur
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 remains capped below 0.8300 after hotter UK CPI data
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
Kiwi Wobbles After RBNZ Cut, Markets Eye UK CPI and FOMC Minutes
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
Review of the main events of the Forex economic calendar for the next trading week (24.02.2025 – 02.03.2025)
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 Path to $500K: Institutional interest grows amid (trimmed) regulatory hopes
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
Gold (XAU/USD) Eyes Fresh Highs, US-Russia Talks Fail to Quell Haven Demand
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,
Bulls pause as pair faces key technical test
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
Muted Forex Action as Traders Overlook Data, Await RBNZ Cut
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
Canada’s CPI expected to remain under 2 percent
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
Development banks team up for FX hedging push
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
USD/CAD Price Analysis: Traders Brace for Canada Inflation
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
Gold Technical Analysis – Awaiting the next catalyst
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
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 18.02.2025
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
RBA’s Cautious Easing Leaves AUD Supported, USD/JPY Ready for a Bounce?
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.
Slovenian Average Earnings Rise In December
Average monthly earnings in Slovenia grew in December and in the full year 2024, preliminary data from the statistical office showed on Monday. Average gross earnings rose a nominal 11.3 percent month-on-month and 3.9 percent from a year ago in December. In real terms, the increase was 11.6 percent from November. Gross earnings amounted to