The GBP/USD currency pair continues to trade within a range, which has been most notable by its repeated failures over recent days to break above the $1.3637 area. This currency pair usually moves quickly and easily into new price spaces with relatively few genuine retracements, so when it consolidates, traders can get discouraged easily. This…
2026.05.11 2026.05.11 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 11.05.2026 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 Elliott Wave analysis. Last week’s forecasts are still relevant. Bitcoin and Ethereum continue to rise, while Ripple has already started to decline. The article covers the following subjects:…
2026.05.11 2026.05.11 US Dollar Advances As Trump Labels Peace Offer ‘Unacceptable’. Forecast as of 11.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite a strong US jobs report, the EUR/USD pair rose as US stock indices hit new record highs, driven by improved global risk appetite. However, the euro later faced a new gap. Let’s discuss these topics and develop a trading plan. The…
Offshore CFDs broker YaMarkets is shutting down. The company, run mainly from Dubai and India and focused primarily on the Indian market, has taken down the yamarkets.com website, which now shows a Service Closure Announcement, that reads as follows: We would like to inform all clients and partners that Yamarkets has officially closed all services and…
Key Highlights EUR/USD stayed above 1.1675 and might attempt another increase. A bullish trend line is forming with support at 1.1750 on the 4-hour chart. GBP/USD seems to be consolidating gains above 1.3520. Bitcoin remains supported and might aim for a move above $82,000. EUR/USD Technical Analysis The Euro found support near 1.1675 against the…
The week ahead is relatively quiet for major Canadian data releases, but industry reports will offer important signals about the economy’s momentum heading into spring. Early signs from Statistics Canada’s advance estimates suggest wholesale trade for April on Thursday and manufacturing sales next Friday should show the sectors finding their footing after significant disruptions to…
Canadian Highlights Canada’s labour market remained soft in April, with employment down and the unemployment rate rising to 6.9%. Canada’s trade balance returned to surplus in March on stronger commodity exports, though net trade is still likely to subtract from Q1 GDP growth. A soft labour market and weak ex-energy trade should keep the Bank…
Having seen a high around the 1.36450 mark on Wednesday, the GBP/USD went into this weekend around 1.36274. The currency pair has been correlating to the global Forex market in a straightforward manner per USD centric sentiment depending on what time of the day it is. While that sentence may seem to be a bit…
Which experienced CFDs industry executive did broker tech provider oneZero hire, to launch its new MENA region office in Dubai? What url did CFDs broker Kudotrade buy as part of a planned rebrand? And, which new license did Kudotrade receive? Which CFDs broker is the latest to join the trillion dollar volumes club for Q1…
Gold The gold market has initially felt during the week only to turn around and show signs of strength again. The $4,600 level continues to be very important, and I think you need to watch this very closely as it is an area that has caused both support and resistance multiple times in the past….