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Daily market news

commodities Commodities
13:00 - 16.07.2026
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Gold Price Forecast: XAU/USD stays below 20-day EMA, sees further downside below $3,940

Gold price (XAU/USD) is down 0.7% to near $4,030 during the European trading session on Thursday. The precious metal faces selling pressures as global inflation concerns remain intact amid elevated energy prices in the wake of widening military aggression between the United States (US) and Iran.

12:00 - 16.07.2026
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WTI remains broadly firm near $79 amid continued US-Iran aggression

West Texas Intermediate (WTI), futures on NYMEX, trade 0.9% lower to near $79.00 during the European trading session on Thursday, but is closer to its monthly high of $80.61 posted on Tuesday.

commodities Commodities
11:00 - 16.07.2026
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Silver Price Forecast: XAG/USD falls toward $56.50 after pulling back from nine-day EMA

XAG/USD extends its losses for the second consecutive day, trading around $56.80 per troy ounce during the European hours on Thursday.

forex Forex
10:00 - 16.07.2026
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EUR/USD Price Forecast: Testing range top at 1.1485 amid stronger momentum

The Euro (EUR) edges higher on Thursday, with the US Dollar (USD) on its back foot, as recent US inflation figures triggered a significant repricing of near-term rate hikes by the Federal Reserve (Fed).

forex Forex
09:00 - 16.07.2026
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USD/JPY Price Forecast: Dollar eases to 162.00, forming a triangle pattern

The US Dollar (USD) holds marginal losses against the Japanese Yen (JPY) at Thursday’s European session opening, and approaches the 162.00 area at the time of writing. Recent price action shows a sequence of lower highs and higher lows, forming a triangle pattern.

forex Forex
08:00 - 16.07.2026
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GBP/USD Price Forecast: Maintains constructive uptrend above 1.3500 despite mild losses

The GBP/USD pair trades with mild losses around 1.3535 during the early European trading hours on Thursday.

forex Forex
02:00 - 16.07.2026
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EUR/USD Price Forecast: Approaches 1.1600 as RSI shifts bullish

The EUR/USD advances some 0.41% on Wednesday, trading at 1.1466 after US inflation data was softer than expected, weighing on the Greenback, as market participants expect a less hawkish Federal Reserve. Towards the end of the year.

forex Forex
22:00 - 15.07.2026
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Forex Today: US Dollar extends decline as softer PPI lifts major currencies and Gold

The US Dollar Index (DXY) falls 0.5% toward 100.40 as softer-than-expected United States (US) wholesale inflation reinforces signs that price pressure is easing. The headline Produce Price Index (PPI) declined 0.3% MoM in June, while the annual rate slowed to 5.5%, below the 6.2% forecast.

forex Forex
14:00 - 15.07.2026
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NZD/USD Price Forecast: Holds onto Tuesday’s gains amid risk-on mood

The New Zealand Dollar (NZD) clings to Tuesday’s gains around 0.5820 during the European trading session on Wednesday. The Kiwi pair reflects strength in a risk-on market environment, driven by easing fears of Federal Reserve (Fed) interest rate hikes this year.

commodities Commodities
13:00 - 15.07.2026
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Gold Price Forecast: XAU/USD hovers above $4,000, weighed by risk-off markets

Gold (XAU/USD) edges lower on “inside trading” on Wednesday, with price action contained within Tuesday’s range, as the pair keeps looking for direction above the $4,000 level.

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10:40 - 02.08.2023
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10:40 - 02.08.2023

Why Litecoin price could crash nearly 50% ahead of third LTC halving event

Litecoin (LTC) is ready to undergo the third halving event, which will reduce its block rewards from 12.5 LTC to 6.25 LTC. Taking a closer look at Litecoin price a month before the halving reveals an interesting outlook that could predict the fate of LTC holders.  

While the pre-halving rally is noticeable not just in a low market capitalization altcoin like Litecoin, it is more pronounced in Bitcoin. Interestingly enough, Litecoin price action forms a local top roughly a month before the halving event. One can speculate that this could be traders who capitalized on the pre-halving rally cashing in their profits.  

Hence, this local top formation often leads to steep correction. Benjamin Cowen, an analyst, posted his observations regarding the same on social media platform X.  

A closer look at the technical indicators on the weekly timeframe reveals that the second Litecoin (LTC) halving event’s price action resembles the third LTC halving event price action. The Relative Strength Index (RSI) for the second event hovered around 50, the midpoint, before slipping below it, which triggered a 61% crash over the next five months. The second halving also noted a decline in the Awesome Oscillator’s (AO) histograms above the zero line, which eventually led to a flip below it.  

If history repeats, causing RSI and AO to flip below their respective mean levels, Litecoin price could trigger a steep correction.

 

Bearish targets for Litecoin price short sellers

As seen in the chart below, Litecoin price is currently trading at $91.13. As LTC hovers comfortably above the declining trendline that serves as a support level, investors need to focus on the equal highs at $96.46 and the critical level at $94.12.

If bears are lucky, there might be a wick to the upside that sweeps $96.46, which could be a great entry for short sellers.  

The targets are fairly simple. The $85.32 barrier was a stiff resistance level between April and June and has not been retested as a support level since the breakout on June 30. It is important to note the reaction of LTC as it revisits this key barrier.  

If the said level fails to hold, short sellers can expect the downswing to continue until Litecoin price comes closer to $78.04. Here, bears can book partial profits. But the two key levels where sell-side liquidity is present are $65.57 and $47.32. These barriers are roughly 27% and 48% away from the current position.

Investors also need to note that the third quarter is typically bearish for Bitcoin, and as BTC slides lower, the rest of the crypto market continues to follow in its footsteps. Hence, a 50% crash in Litecoin (LTC) price is not out of the logical boundaries.  

As confident as this forecast for Litecoin price might sound, traders must also look at the invalidation thesis. If Litecoin price conquers the $100 psychological level and flips the said hurdle into a support level on a higher timeframe like daily or weekly, it would not only attract sidelined buyers but also scare the bears away. The pressure created from spot buys coupled with the closing of short positions could propel Litecoin price to the next meaningful hurdle at $140. 

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