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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
Mexican Peso extends rally to six days amid lack of catalyst
USD/MXN dips below 50-day SMA at 20.42, trading at 20.27. Weak US Retail Sales and softer PPI sub-components fuel Fed easing expectations. Mexico’s Retail Sales, Banxico minutes, and Q4 GDP are in focus this week. The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving
AUD/NZD: Further Aussie outperformance over Kiwi supported by a weaker New Zealand labour market
New Zealand’s unemployment rate has accelerated to 5.1% in Q4 2024, a whisker below its Covid peak of 5.2% while Australia’s unemployment rate remained stable at 4%. A further steepening of yield spreads between Australian and New Zealand sovereign bonds may trigger further upside in the AUD/NZD cross rate. Watch the 1.0980 key medium-term support
TD, Goldman make strides with Ucits in FX forwards trades
TD Securities and Goldman Sachs made the largest ranking moves among dealers serving the FX forwards market for European retail funds during the first half of last year. The Canadian bank gained $14.4 billion in notional from trades with Ucits funds, increasing its market share to 9.5% from 7% and becoming the second-largest dealer in
USD/JPY Forecast: Japan’s Upbeat GDP Fuels BoJ Hike Bets
The USD/JPY forecast shows rising bets for another Bank of Japan rate hike. Japan’s GDP increased by 2.8% in the fourth quarter of 2024. Recent BoJ policymaker remarks have shown a more hawkish tone. The USD/JPY forecast shows rising bets for another Bank of Japan rate hike in July after Japan released an upbeat GDP
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 17.02.2025
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 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