The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, […]
The Bank of Japan will on Friday release the minutes from its monetary policy meeting on April 30-May 1, highlighting a busy day for Asia-Pacific economic activity. At the meeting, the BoJ left its interest rate unchanged at 0.50 percent and lowered its growth projections, citing trade tariff threats. Inflation outlook for fiscal 2025 and
Russia’s Deputy PM Alexander Novak said on Thursday that OPEC+ should follow through with plans to raise oil production, citing increased demand during the summer. Novak said it was time to return some of the 2023 voluntary cuts to the market to help balance supply. Eight OPEC+ members (Saudi Arabia, Russia, UAE, Iraq, Kuwait, Oman,
Taiwan’s central bank retained its key interest rate at its June meeting on Thursday as the policy board observed that the current rate level would help sustain sound economic and financial development on the whole. The central bank board unanimously decided to maintain the key discount rate at 2.0 percent. In addition, the rate on
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WTI Crude trades near $74.58, up over 2.5% on the day after hitting an intraday high of $75.54. Israeli strikes on Iranian infrastructure spark fresh supply concerns and add a ~$10 per barrel geopolitical premium. Technicals remain bullish: price holds well above the 21-day EMA near $66.80; RSI at 74.21 signals overbought conditions. West Texas
The oil market continues to attract steady bids on speculation that the US will join the war in Iran, with Iran potentially closing the Strait of Hormuz in response. Brent crude daily Brent is now up $2.10 to $78.80 and at the highest since January. it’s risen about $13 since the first signs of hostilities.
Q1 GDP rose 0.8% q/q, slightly above our 0.7% forecast and stronger than the RBNZ’s 0.4%. Services and manufacturing drove the gains, while construction stabilised after a year of contraction. The economy has now posted back-to-back q/q expansions, but output remains below potential, Standard Chartered’s economists Bader Al Sarraf and Nicholas Chia report. Perfecting the
2025.06.19 2025.06.19 Vaulta (EOS) Forecast: AUSD (EOSUSD) Price Prediction for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Vaulta (formerly EOS) is a blockchain platform designed to facilitate the development of decentralized applications (dApps) and smart contracts. The project’s primary objective is to address the challenges of scalability, transaction speed, and high transaction fees. Launched in
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
![QCOM Elliott Wave technical analysis [Video]](https://i3.wp.com/editorial.fxsstatic.com/images/i/car-industry-01_Large.jpg?w=1024&resize=1024,1024&ssl=1 "QCOM Elliott Wave technical analysis [Video]")
QCOM Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {iii} of 1. Direction: Upward movement expected in wave {iii}. Details: Currently positioned near the MediumLevel support at $150, aiming for further gains in minute wave {iii}. The Elliott Wave analysis for QCOM on the daily chart suggests a strong bullish trend.
BoE maintains rates at 4.25% The Bank of England didn’t have any surprises up its sleeve as it held rates at 4.25%. This follows a quarter-point cut at last month’s meeting. The MPC vote indicated that six members voted to hold while three voted to lower rates. The markets had projected that the vote would
Solana (SOL) rapidly approaches key technical support zone as investors continue to sell the token. Source link
USD/CAD outlook improves as it trades above 1.37, lifted by safe-haven flows. Fed’s cautious stance on inflation reinforces support for the dollar, but policy uncertainty persists. CAD gains limit upside as rising oil prices offer some counterbalance to USD strength. The USD/CAD outlook remains mildly positive as the pair extended its upside for the third
The Financial Times reports that the EU is weighing a UK-style trade deal with the US. That would leave the reciprocal tariffs around 10% and then they will try to negotiate better conditions for sectoral tariffs. The EU is also not looking to retaliate after the July deadline anymore as they fear stronger economic consequences
2025.06.19 2025.06.19 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.06.2025 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: Correction [B] is developing within a flat structure. Consider buying with Take Profit at 110,747.83. XRPUSD:
