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…
2026.05.15 2026.05.15 USD/CHF: 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 long positions from corrections above 0.7755 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7755. Stop Loss: below 0.7715, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.7755 will allow the…
Sterling has climbed sharply from its early 2026 lows and now trades near multi-year highs, but two big forces are pulling Cable in opposite directions. On one hand, the U.S. dollar is supercharged by historic inflation data. On the other hand, the U.K. economy has been quietly recovering, and the upcoming data points could support or negate this narrative.
The price of gold is breaking sharply to the downside today after volatile, back-and-forth trading for much of the week. Looking back to last week and into Monday’s trade, rallies repeatedly stalled near the $4,760 area. That level was technically significant, marking the 50% midpoint of the decline from the March high to the March low, while also coinciding…
ING’s Min Joo Kang expects Japan’s economy to maintain similar growth to the previous quarter, with first-quarter Gross Domestic Product (GDP) seen rising 0.3% quarter-on-quarter. The war-related energy shock is judged to have limited impact on trade and growth but a more visible effect on inflation. ING forecasts April inflation at 1.8% year-on-year, helped by subsidies that cap broader…
2026.05.15 2026.05.15 EUR/USD: 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 1.1795 with a target of 1.1350–1.1115. A sell signal: the price holds below 1.1795. Stop Loss: above 1.1835, Take Profit: 1.1350–1.1115. Alternative scenario: Breakout and consolidation above the…
CHF/JPY has been on a strong climb these days, with franc bulls possibly setting their sights on the long-term range resistance. Check out these inflection points on the 4-hour chart!
The major US stock indices are closing lower with the Nasdaq and the Russell 2000 leading the declines.Sharply higher yields and higher oil were the catalysts for the declines. Looking at the major indices: Dow industrial average fell -537.07 or -1.07% at 49530.94.. S&P index fell -92.76 points or -1.24% at 7408.49 NASDAQ index fell -410.08 points or -1.54%…
DBS economists Taimur Baig and Radhika Rao anticipate Singapore’s April 2026 non-oil domestic exports to rise 11.5% year-on-year, marking an eighth consecutive month of expansion after 15.3% in March. The performance is expected to be driven by strong electronics benefiting from global artificial intelligence demand, while non-electronics lag and petrochemicals face downside risks from Middle East-related feedstock disruptions. Electronics…
2026.05.15 2026.05.15 GBP/USD: 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 1.3652 with a target of 1.3150–1.2936. A sell signal: the price holds below 1.3652. Stop Loss: above 1.3690, Take Profit: 1.3150–1.2936. Alternative scenario: Breakout and consolidation above the…
