On Sunday afternoon/evening US time a sell lot of around 24K Bitcoin was slammed through. It difficult to think that this was anything other than part of an aggressive move to drive the price down. After some retrace it appears to be working, with a new low since being plumbed now, undr US$110K. There have
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New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly
The Australian dollar has steadied on Monday after posting sparkling gains of 1.1% on Friday. In the North American session, AUD/USD is trading at 0.6503, up 0.18% on the day. Powell sends US dollar sharply lower The US dollar retreated against all the major currencies on Friday, including the Australian dollar. This followed Federal Reserve
2025.08.25 2025.08.25 Three Outside Up & Down Candlestick Patterns Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Three Outside Up and Three Outside Down chart patterns signal a shift in the prevailing trend. Both patterns consist of three candlesticks that form under certain conditions, depending on the type of pattern: bullish or bearish. These three-candle reversal patterns are powerful tools for
Prior month 0.656M new-home sales 0.652 million versus 0.630 million estimate. New-home sales -0.6% month on month versus a gain of 4.1% last month. The prior month was revised higher to 0.656 million from 0.627 million previously reported. New-home sales down -8.2% year on year Mortgage rates at the time were above 6.75%. So it
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Corrects first para German business sentiment hit the highest level in more than a year in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also
Fundamental Overview The USD sold off across the board on Friday as Fed Chair Powell tilted more dovish by saying that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” That saw traders firming up expectations for a rate cut in September which now
The New Zealand dollar has steadied on Monday. In the European session, NZD/USD is trading at 0.562, down 0.07% on the day. On Friday, the New Zealand dollar shot up 0.82%, its best one-day performance since June. US dollar sinks after Powell’s signals a rate cut The US dollar was hammered on Friday, posting sharp
Slovenia’s industrial sentiment remained slightly less negative in August, figures from the Statistical Office of the Republic of Slovenia showed on Monday. The manufacturing confidence rose to -6.0 in August from -7.0 in the previous month. Further, this was the highest reading since March 2023. Among components, the indicator for the order book balance improved
2025.08.25 2025.08.25 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 25.08.2025 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 correction is completed. Expect the price to rise in sub-wave 5 to a high of
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Bullish above: 3414.1 Bearish below: 3409.7 Current price: 3408.5 Primary bias at this moment: Bearish Gold Futures Performance Snapshot Gold’s consistent long-term strength — up more than 35% over the past year — provides important context for traders analyzing today’s short-term moves. Partial Profit Targets for Gold Bearish Traders Today (Once Price Crosses Below 3409.7)
Barclays had previously only penciled in just one rate cut for December while BNP Paribas was not expecting the Fed to cut rates at all this year before this. It’s clear that Fed chair Powell’s speech on Friday is being treated as a pivot of sorts. But now, all eyes will be on the US
Powell’s unexpected shift at Jackson Hole United States (US) stock markets surged on Friday following Federal Reserve (Fed) Chair Jerome Powell’s dovish pivot during his Jackson Hole symposium speech, potentially paving the way for a interest rate cut at the September Federal Open Market Committee (FOMC) meeting. This shift arrived just days after the release
