The US dollar is closing the day mostly higher. The one exception is a modest decline versus the GBP (which was the strongest currency this week). The Feds Musalem was more hawkish compared to other Fed members post the US jobs report. He is still concerned about the impact from tariffs on inflation good where […]
The Wall Street Journal is reporting that the Pres. team is expanding the search for the new Fed chair. According to the article: The search is being led by Treasury Secretary Scott Bessent will lead the vetting process, conduct initial interviews, and present a final shortlist to President Trump. The inclusion of former St. Louis
Iceland’s merchandise trade deficit for July increased from a year ago as exports decreased while imports were largely unchanged, preliminary data from Statistics Iceland showed on Friday. The goods trade deficit for July widened to ISK 44.2 billion from ISK 34.1 billion in the same month last year. The shortfall was ISK 37.3 billion in
From the US inflation data due on Tuesday will be the focus. In June, core goods prices (excluding autos) rose 0.6% MoM, the largest jump since February 2022. For July, we expect a similar increase, with autos also likely driving inflation higher. Vehicle prices, which surprisingly fell in June despite tariff pressures, and rising car
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
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
2025.08.08 2025.08.08 XAU/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 3442.25 with a bearish target of 3120.00 – 2950.00. A sell signal: the price holds below 3442.25. Stop Loss: above 3475.00, Take
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
The Euro retreats from weekly highs, and the US Dollar picks up on speculation that Governor Waller might be the next Fed Chair. Fed Bostic warned about the impact of tariffs and cooled hopes of a September rate cut. EUR/USD found resistance at 1.1700 and is correcting lower. The EUR/USD pair slides from one-week highs
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
The USD/CAD price analysis shows continued dollar weakness. Trump’s Fed pick has raised speculation about more dovish picks in the future. Market participants are awaiting employment figures from Canada. The USD/CAD price analysis shows continued dollar weakness after Trump’s pick for Fed Governor hinted at more dovishness in the central bank. At the same time,
US copper tariffs reshape market dynamics The landscape for copper producers shifted dramatically on 1 August, when the US government implemented a 50% tariff on semi-finished copper products. This policy change creates both challenges and opportunities for major producers like Antofagasta as they navigate the new trade environment. The tariff specifically targets semi-finished copper products while excluding
2025.08.08 2025.08.08 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.08.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, Here’s my short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: Correction continues. Consider selling with a target of 107,842.00. XRPUSD: A bullish impulse is expected to end near a
Fundamental Overview The bullish momentum has waned this week as traders turned their attention to the US CPI data coming up next week. The soft NFP report triggered a quick dovish repricing in interest rates expectations which fuelled a rally in gold as real yields fell. We’ve also seen more and more Fed members changing
A measure of the public assessment of the current situation of the Japanese economy improved less-than-expected in July, survey data from the Cabinet Office showed on Friday. The current conditions index of the Economy Watchers’ Survey rose to a 5-month high of 45.2 in July from 45.0 in June. The expected score was 45.5. However, any score
After a week of volatility, the forex markets settled into a quieter rhythm during the Asian session on Friday. Swiss Franc stabilized somewhat, but remains the weakest performer this week after a heavy blow from Washington. Switzerland’s diplomatic efforts fell short as the harsh 39% US tariff on Swiss imports officially kicked in. The import
Earlier last week, the USD/JPY surged to a four-month high of 150.92 on 1 August, but its prior accumulated gains of the previous four sessions were all wiped out and formed a weekly bearish “Shooting Star” at the close of last Friday, 1 August US session. These observations suggest a potential bullish breakout on the
