While EUR/JPY recovered today, upside is capped below 177.95 resistance. Intraday bias remains neutral first. Focus stays on 175.26/41 support zone. Strong rebound from there, followed by firm break of 177.95 resistance will indicate short term bottoming. However, sustained break of 175.26/41 will carry larger bearish implications. Next target is 100% projection of 186.00 to…
Intraday bias in USD/CAD stays on the downside at this point. Sustained trading below 38.2% retracement of 1.3480 to 1.4298 at 1.3986 will target 61.8% retracement at 1.3792 next. On the upside, however, break of 1.4067 resistance will turn bias back to the upside for stronger rebound instead. In the bigger picture, current development argues…
Fundamentals point to a fall in the euro against the USD. The upcoming midterm elections have emboldened the EURUSD bulls. The US dollar failed to capitalise on Fitch’s downgrade of France’s credit rating outlook from ‘stable’ to ‘negative’, the mass protests across Europe, or the unexpected slowdown in inflation in Germany. The US currency fell…
By Ashiadey Dotse The Ghana Gold Board (GoldBod) has generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026. GoldBod said the entire amount was sold to authorised commercial banks through its GoFX platform to support stability in the foreign exchange market. In an announcement issued…
Intraday bias in AUD/USD remains neutral at this point. On the upside, above 0.7067 will extend the rise from 0.6893 to 61.8% retracement of 0.7237 to 0.6893 at 0.7106. On the downside, however, break of 0.6993 minor support will bring retest of 0.6893 low instead. In the bigger picture, price action from 0.7277 medium term…
The dollar index DXY, which measures the greenback against a basket of major currencies, was last down 0.24% at $101.63 and remains up over 3.47% for the year to date. Dollar weekly moves and key drivers: Over the past week, the US dollar index fell 0.14%. Disappointing earnings from major tech firms and concerns over…
Featured Mohammed Ali Nov – 02 – 2026 , 11:44 2 minutes read The Ghana Gold Board (GoldBod) sold US$1.011 billion in foreign exchange to authorised commercial banks in October 2026 from its artisanal and small-scale mining (ASM) gold trading operations, as it targets US$1.2 billion in foreign exchange generation for November. In an announcement…
2026.11.02 2026.11.02 Yen Poised to Strengthen as BoJ Tightening Looms. Forecast as of 02.11.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The fundamental backdrop is shifting in favor of USD/JPY sellers. The BoJ is expected to tighten faster than the Fed, while lower Treasury yields and an unwinding of carry trades should provide further support for the yen. Let’s assess the market…
2026.11.02 2026.11.02 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.11.2026 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. The article covers the following subjects: Major Takeaways BTCUSD: The price continues to rise in a bullish correction (B). Consider long positions with a Take…
2026.11.02 2026.11.02 US Dollar Caught in AI Crossfire as Political Risks Mount. Forecast as of 02.11.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Fears surrounding AI have intensified ahead of the US midterm elections. Prediction markets currently put the odds of a Democratic victory at 70%, a result that could potentially slow the adoption of emerging technologies. Let’s examine the…