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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 17.02.2025

Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 17.02.2025

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2025.02.17 2025.02.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.02.2025 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 […]

Yen Rallies as Strong GDP Fuels BoJ Rate Hike Speculation

Yen Rallies as Strong GDP Fuels BoJ Rate Hike Speculation

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Yen gained strength across the board after Japan’s Q4 GDP growth exceeded expectations, with both private consumption and capital investment rebounding. This development supports BoJ’s decision to hike in January and has fueled speculation that another rate increase could arrive sooner than expected. It’s now seen by some economists that the timing of the next

Reminder: It is a long weekend in the US

Reminder: It is a long weekend in the US

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It is Presidents’ Day and both the stock market and bond market will be closed. For a comprehensive list of the market closure hours, you can check out Eamonn’s post here. Typically, an extended weekend may mean a quieter start to the week. But even with it being a holiday, it won’t stop Trump from

EUR/JPY falls to near 159.00 following robust Japan’s GDP data

EUR/JPY falls to near 159.00 following robust Japan’s GDP data

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EUR/JPY declined following the release of Japan’s Gross Domestic Product report on Monday. Japan’s GDP rose by 0.7% QoQ in Q4, marking the third straight quarter of growth. The Euro may gain if a ceasefire in Ukraine is agreed upon and gas supplies resume. EUR/JPY gives up gains from the previous session, trading around 159.10

China’s Xi attended a symposium on private enterprises

China’s Xi attended a symposium on private enterprises

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The Global Times, a Chinese state tabloid media outlet, with the report. Says Xi attended a symposium on private enterprises on Monday and delivered a speech. This is being read as a sing of support for the private sector after quite the period of neglect from Xi. The Global Times says Xi Jinping is general

NZD/USD advances to two-month peak, around mid-0.5700s amid weaker USD

NZD/USD advances to two-month peak, around mid-0.5700s amid weaker USD

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NZD/USD gains positive traction for the third straight day amid sustained USD selling. The divergent Fed-RBNZ expectations warrant caution for aggressive bullish traders.  Last week’s breakout above the 0.5700 mark supports prospects for additional gains. The NZD/USD pair attracts buyers for the third successive day on Monday and climbs to a two-month peak, around the

Japan GDP Jumps 0.7% In Q4

Japan GDP Jumps 0.7% In Q4

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Japan’s gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Monday’s preliminary report. That beat forecasts for an increase of 0.3 percent and was up from the upwardly revised 0.4 percent gain in the previous three months (originally 0.3 percent). On an

AUD/USD holds below 0.6350 ahead of RBA rate decision

AUD/USD holds below 0.6350 ahead of RBA rate decision

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AUD/USD softens to around 0.6345 in Monday’s early Asian session. The RBA poises to deliver the first rate cut in four years.  The Aussie is benefiting from an easing of worst-case fears of US tariffs The AUD/USD pair weakens to near 0.6345 during the early Asian session on Monday. The rising speculation of the Reserve Bank of

Dollar at Crossroads: Rebound Possible, But Bearish Risks Intensify

Dollar at Crossroads: Rebound Possible, But Bearish Risks Intensify

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Dollar closed the week broadly lower, with the only exception being its slight gains against the even weaker Yen. Risk-on sentiment dominated global markets, fueling strong rallies in equities across the US, Europe, and Hong Kong, which in turn kept the greenback under pressure. The greenback had previously enjoyed a tariff-driven boost earlier in the

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