EUR/USD holds onto modest gains on Friday but struggles to extend its advance as the US Dollar (USD) stabilizes following Thursday’s weaker-than-expected US jobs report. Market activity remains subdued as US financial markets are closed for the Independence Day holiday.
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Societe Generale economist Kunal Kundu explains that the Reserve Bank of India’s revised Standardised Approach for credit-risk capital will tie regulatory risk weights to both borrower ratings and each agency’s historical default performance from April 2027.
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The AUD/USD pair climbs near the 0.6940 level on Friday as the US Dollar (USD) remains under pressure following softer-than-expected United States (US) labor market data released on Thursday.
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In this technical block we’re going to take a quick look at the Elliott Wave charts of NIFTY Index published in members area of the website.
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Fortinet (NASDAQ: FTNT) extended its upside move above our previous $140 target. Today, we analyze the current Elliott Wave structure. Our analysis focuses on this upside extension and the projected target for the current cycle.
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Societe Generale economists Sam Cartwright, Michel Martinez and Jorge Garayo note that Euro area inflation has not yet shown indirect effects from the energy shock in food or goods prices.
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Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. Following the recent price increase, attention shifts to the alternative scenarios. Major Takeaways BTCUSD: The price may rise in the first part of a potential impulse. Consider long positions with a Take Profit at 65,618.89. XRPUSD: A rise in the initial part of a bullish impulse is projected. Consider long positions with a Take Profit at 1.289. ETHUSD: The price may rise in a bullish correction. Consider long positions with a Take Profit at 1,954.77. Elliott Wave Analysis for Bitcoin The current Bitcoin chart… Read full author’s opinion and review in blog of #LiteFinance
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ING’s Francesco Pesole notes USD/JPY volatility and suggests an initial move lower may already have involved FX intervention. With US holidays thinning liquidity, he sees elevated risk of further Japanese action, consistent with past behaviour.
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Major Takeaways Main scenario: Once the correction is completed, consider short positions below the level of 1.3467 with a target of 1.3050–1.2936. A sell signal: the correction ends and the price holds below 1.3467. Stop Loss: above 1.3510, Take Profit: 1.3050–1.2936. Alternative scenario: Breakout and consolidation above the level of 1.3467 will allow the pair to continue rising to the levels of 1.3660–1.3870. A buy signal: the level of 1.3467 is broken to the upside. Stop Loss: below 1.3425, Take Profit: 1.3660–1.3870. Main Scenario Consider short positions below 1.3467 with a target of 1.3050–1.2936 once the correction is completed. Alternative… Read full author’s opinion and review in blog of #LiteFinance
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The record price surge at the beginning of the year deprived silver of an important driver—demand for physical metal. Consumers are looking for alternatives, and the XAG/USD’s dependence on gold is rising sharply. At the same time, the decline is happening much faster. Let’s discuss these topics and develop a trading plan. Major Takeaways Silver has lost half its value. The physical market is not supporting the XAG/USD. The Fed’s hawkish shift has dealt a blow to precious metals. Positions on the XAG/USD can be opened based on Warsh’s comments. Monthly Fundamental Forecast for Silver Some traders tend to pick… Read full author’s opinion and review in blog of #LiteFinance
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The Euro (EUR) trades higher for the second consecutive day on Friday, with the US Dollar (USD) on its back foot in the aftermath of the disappointing US Nonfarm Payrolls (NFP) report released on Thursday. The EUR/USD pair, however, is struggling to breach resistance at 1.1475 so far.
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Major Takeaways Main scenario: Consider long positions from corrections above 159.83 with a target of 165.00–170.00. A buy signal: the price holds above 159.83. Stop Loss: below 159.30, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below 159.83 will allow the asset to continue declining to the levels of 158.90–158.00. A sell signal: the level of 159.83 is broken to the downside. Stop Loss: above 160.35, Take Profit: 158.90–158.00. Main Scenario Consider long positions from corrections above 159.83 with a target of 165.00–170.00. Alternative Scenario Breakout and consolidation below 159.83 will allow the pair to continue declining to the levels… Read full author’s opinion and review in blog of #LiteFinance
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