The weekly Baker Hughes rig count stays steady: Oil rig count +1 at 412 Gas rig count -1 at 122 Total rig count unchanged at 539 Crude oil is trading down $0.72 or -1.13% at $63.24.. For the trading week, the price is near unchanged at current levels. The price last week closed at $63.33. […]
The USDCAD has moved higher this week, but it hasn’t been a smooth ride. The low for the week was set on Monday, with the total trading range holding to a relatively narrow 70–75 pips. The high was reached on Thursday, coming in near a swing high from August 1. Today’s pullback tested the rising
This week has been essential for the future course of action for both the Aussie and the US Dollar.After Tuesday’s Royal Bank of Australia meeting, where the unanimous decision to cut rates by 25 bps to 3.60%, the Aussie had strengthened a tid-bit.Australian data following the meeting included Employment which largely came as expected and
2025.08.15 2025.08.15 Indecision Candlestick Patterns: What Is It & How To Trade It? Artem Parshinhttps://www.litefinance.org/blog/authors/artem-parshin/ When trading on the foreign exchange market, traders tend to look for signals and indecision candlesticks on the chart. The latter are the most popular elements of technical analysis. There are various candlestick patterns, but the most reliable Japanese candlesticks
When we think of an Individual Retirement Account (IRA), we often imagine a classic retirement savings plan offered by a Bank or Broker, allowing you to invest in Stocks, Bonds or Mutual Funds. But there’s a lesser-known, far more flexible version: the Self-Directed IRA (SDIRA). This account offers savers the opportunity to invest in a
The bank’s advance built on steady momentum in recent months, with investors encouraged by resilient first-half earnings and improved guidance. Analysts said the rally reflects growing confidence in the lender’s ability to maintain strong net interest margins even as the Bank of England (BoE) is expected to begin cutting rates later this year. The bank
2025.08.15 2025.08.15 XAU/USD: Elliott Wave Analysis and Forecast for 15.08.25 – 22.08.25 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 3,410.00 with a bearish target of 3,120.00 – 2,950.00. A sell signal: the price holds below 3,410.00. Stop Loss: above 3,440.00, Take
The Euro is correcting higher against the Pound amid hopes of a peace deal in Ukraine. The broader trend remains bearish after having depreciated nearly 1.4% in one week. A bearish move below the 0.8600 area would confirm a double top at 0.8740-0.8750. The Euro is posting minor gains against the British Pound on Monday,
China economy still faces many risks and challenges To further improve monetary policy framework, maintain policy continuity and stability To resolutely defend the bottom line of preventing systemic financial risks Will adjust intensity and pace of policy implementation according to the situation Will maintain ample liquidity To push for prices to remain at a reasonable
The USD/JPY outlook indicates increasing expectations for Bank of Japan rate hikes. Data on Friday revealed that Japan’s economy expanded by 1.0%. Fed rate cut bets eased slightly after upbeat wholesale inflation figures. The USD/JPY outlook indicates increasing expectations for Bank of Japan rate hikes after upbeat GDP data from Japan. As a result, the
EUR/CHF continues to lag its major peer, EUR/USD. Since the May 2025 low, EUR/USD has surged 5.6%, while EUR/CHF has barely budged, posting just a 1.2% gain, highlighting the cross’s relative weakness in recent months. Interestingly, several technical elements are now flashing signs of a potential medium-term (1to 3 weeks) bullish movement for the EUR/CHF
Dollar holds steady as Fed-cut bets ease The US dollar held broadly steady against the euro and sterling on Friday as traders pared back expectations for aggressive Federal Reserve (Fed) easing after hotter-than-expected US wholesale inflation. By contrast, the Japanese yen firmed after stronger growth data from Japan, with export volumes proving resilient despite newly imposed US tariffs. The
2025.08.15 2025.08.15 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 15.08.2025 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 may grow within a bullish impulse. Consider buy entries with a target of 131,177.17.
There are a couple to take note of on the board for today, as highlighted in bold below. They are both for EUR/USD at the 1.1650 and 1.1675 levels. The dollar pushed back yesterday after the more solid US PPI data but given the holiday backdrop in Europe today, the expiries might help to just
Today marks Assumption Day and it is a public holiday in many countries in Europe. It is a bank holiday of note in the likes of France, Spain, Italy (where it is also Ferragosto), and some parts of Germany. So, expect the market mood to be quieter as traders and investors are all in a
China’s factory output and retail sales growth slowed in July, missing expectations and underscoring the policy challenge of sustaining growth amid weak domestic demand and global headwinds. Industrial output rose 5.7% year-on-year, down from June’s 6.8% and the weakest since November 2024, while retail sales growth eased to 3.7% from 4.8%. Both trailed forecasts. Fixed
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. 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
