European shares close lower on the day and lower on the week

European indices closed sharply lower with the declines of -1% – -2% on the day. Looking at the closing levels: German DAX, -2.07% France CAC, -1.6% UK’s FTSE 100 -1.71% Spain’s Ibex -1.05% Italy FTSE MIB -1.87% For the trading week major indices, the declines today contributed to dipping into negative territory for the week German Dax -1.59% France…

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Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (May 15, 2026)

2026.05.15 2026.05.15 Short-Term Analysis for Oil, Gold, and EURUSD for 15.05.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro has broken below the key…

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Silver Market Brief: Trade Hopes Lifted Silver, Inflation Took It Back

If you trade XAG/USD, silver CFDs, silver futures, or silver ETFs, here’s a deeper dive into what moved silver this week and what to watch going into next week. Monday had no business being bullish. Trump called Iran’s counter-proposal to end the war “totally unacceptable” and said the ceasefire was on “massive life support.” Tehran was demanding sovereignty over…

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Baker Hughes total rig count rises by +3 to 551

The weekly Baker Hughes rig count data for the week shows total rigs increased 3 to 551. Compared to a year ago, that number is down 25. Lower rig count does not necessarily mean lower oil extraction. The price of crude oil this week is up 6.10% or $5.77 for the July contract. This article was written by Greg…

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Dollar strength caps RMB-led optimism – OCBC

OCBC’s strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer on lower USD/CNY fixes and policy-tolerated appreciation, but broader Asia FX stays soft. The bank characterizes the backdrop as measured, selective optimism rather than a broad regional rally. Selective…

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USD/CAD: Elliott Wave Analysis and Forecast for 15.05.26–22.05.26

2026.05.15 2026.05.15 USD/CAD: Elliott Wave Analysis and Forecast for 15.05.26–22.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3950 with a target of 1.3400–1.3065. A sell signal: the price holds below 1.3950. Stop Loss: above 1.3990, Take Profit: 1.3400–1.3065. Alternative scenario: Breakout and consolidation above the…

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Israel says it carried out targeted strike in Gaza against Hamas head.

Israel is reporting that they carried out a targeted strike in Gaza against the de facto Hamas head. A senior official also said that Tel Aviv is preparing for an imminent resumption of the war with the Islamic Republic Earlier today, Israeli said that they would accept a cease-fire in exchange for a genuine commitment from Hezbollah. Meanwhile, Lebanon’s…

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Markets shift focus to PMIs and central bank events

The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer. April Retail Sales rose 0.5%, highlighting resilient consumer spending despite elevated borrowing costs, while hotter Consumer Price Index (CPI) and Producer Price…

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