This currency was making a firm, impulsive, and predictable rise, led higher by a symmetrical ascending price channel after gaining fuel from a failed bearish breakdown. The end of last week saw the price make a bullish breakout from that channel, and although the price movement has looked jerky and disorderly, it continues to move…
Bitcoin and Ethereum Analysis: Relief Bounce or Trend Reversal? The broader crypto market recorded green on the 7-day chart, but many are holding off on celebrating for the time being, as the move still looks more like a relief bounce than a clean trend reversal. Data provided by TradingView shows that Bitcoin staged a multi-day…
The USD/BRL closed yesterday’s trading near the 5.1615 ratio which could be considered within its higher near-term realm, but also continued to exhibit a rather steady dose of choppiness as Forex remains anxious. Yesterday’s finish in the USD/BRL near 5.1615 correlated to the broad Forex markets which continues to produce a wide array of nervousness….
Joshua Cantor has joined Barclays as head of US real money FX sales, following a 16-year tenure at JP Morgan. Cantor will be based out of New York in the role and brings extensive FX-related experience to his new role. He joins the firm after most recently serving as an executive director in currencies and emerging markets for institutional…
The USD/SGD is near the 1.29445 ratio as of this writing, this as the currency pair continues to produce a rather wide range in a known realm for speculative traders who want to pursue wagering. The USD/SGD remains within a known range that can be described as being within its higher mid-term values. However, trading…
Gold has dropped a bit during the session on Tuesday, as we have now filled the gap from the open on Monday. This is a potential support level worth paying attention to. Gold Gold has dropped a bit during the early part of the trading session on Tuesday to fill the gap from the Monday…
The US dollar has entered a period of consolidation following last week’s sharp price swings, as market participants turn their attention to the release of the Federal Reserve’s latest meeting minutes. Investors are looking for additional guidance on the future path of interest rates and whether support for a hawkish monetary policy stance remains widespread…
The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. The Reserve Bank of New Zealand delivered a widely anticipated 25 basis point increase in the Official Cash Rate to 2.50%, yet investors stopped short of pricing a more aggressive tightening cycle. Instead, the market came…
2026.07.07 2026.07.08 Weekly Economic Calendar for 13.07.2026–19.07.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Despite the Fed’s hawkish stance, disappointing US labor market data released earlier this month dampened market expectations regarding the extent of the Fed’s policy tightening. In June, the nonfarm payrolls report showed an increase of only 57,000 jobs, falling well short of the projected 110,000. This…
The dollar index DXY is up by +0.13% today. The dollar is moving higher today amid weakness in stocks, which is boosting liquidity demand for the currency. Also, hawkish comments today from New York Fed President John Williams boosted the dollar, as he said inflation is still quite high. In addition, higher crude oil prices…