2025.04.25 2025.04.25 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 25.04.2025 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: Correction is in progress. Consider long positions from the current level…
Traders cautiously took risks on Thursday thanks to optimistic trade deal speculations, positive corporate earnings reports, and a bit of bargain hunting. Meanwhile, the U.S. dollar gave up ground after China said, “U.S. government, STOP!” with its unilateral tariffs and insinuations of ongoing trade negotiations. Here are the updates from the last trading sessions! Headlines: China denied any trade…
Amid fears of the tariffs war getting worse, gold surged higher earlier in the week and briefly clipped the $3,500 mark. Some profit-taking there and hopeful optimism on US-China relations then led to a retreat, which accelerated to a drop below $3,300 on Wednesday during US trading. But as the dust settles a bit, we’re seeing some near-term consolidation…
The Australian Dollar gains ground as China is weighing the suspension of its 125% tariff on certain US imports. Market sentiment was mixed after reports suggested the Trump administration could consider reducing tariffs on Chinese imports. China’s Finance Ministry noted that global economic growth continues to face headwinds, with trade and tariff disputes. The Australian Dollar (AUD) extends gains…
CAD/JPY held steady above a long-term support area, leaving the door open for possible upside moves. Will the pair break above a key resistance zone soon? We’re watching the daily chart for clues: CAD/JPY Daily Forex Chart by TradingView With oil prices on the rise and some optimism swirling around U.S. trade talks, the Canadian dollar is clawing back…
The Japanese yen and euro have both chalked up impressive year-to-date gains of around 12% against the US dollar, Bank of America argues that the yen’s rise is more flimsy. BofA notes: The yen’s rally has been disproportionately driven by speculative positioning The euro’s rise has been more persistent than JPY’s across daily market regimes German fiscal expansion is…
China’s Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability, per Reuters. He called on all parties to further improve the international economic and financial system by strengthening multilateral cooperation. Key quotes Tariff wars and trade wars have further affected economic and financial…
Is everyone too busy watching gold break records to notice silver’s incredible potential?! Silver is flying under the radar and looks potentially undervalued based on historical metrics. The next major move in precious metals might belong to silver. While gold has been stealing the spotlight by surging above $3,000/oz, silver might be ready for its moment in the moon….
Prior was +2.4% Overall CPI 3.5% vs 2.9% prior Ex food and energy % y/y vs 1.1% prior Ex food and energy % m/m vs +0.4% prior USD/JPY was trading higher by 27 pips to 142.90 ahead of the report. This is a yen positive (i.e. USD/JPY negative) but there has been little reaction in the aftermath. Ueda earlier…
Bank of Japan Governor Kazuo Ueda said on Thursday that the Japanese central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected. However, Ueda stated that the central bank will scrutinise “without pre-conception” whether its forecasts will materialise, while looking at various data that become available, per Reuters. Key quotes…
