The EURUSD is trading sharply lower after breaking below a major technical support cluster defined by the 200-day moving average and the 38.2% retracement of the rally from the February 12 low. Both levels converged near 1.16806, creating an important barometer for buyers and sellers. Once the pair moved below that zone — and more importantly stayed below it…
TD Securities’ James Rossiter and Julie Ioffe argue that Prime Minister Starmer is likely to be replaced by late September, with Labour’s leadership race centering on Burnham, Streeting, Rayner and Miliband. They expect Labour to shift left over time, with higher spending and taxes, possible defence-rule carve‑outs, but no early general election before at least 2028. Starmer exit path…
2026.05.15 2026.05.15 XAU/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 long positions from corrections above 4,493.40 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,493.40. Stop Loss: below 4,420.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,493.40 will allow the…
When markets stop following the usual playbook, scenario building helps traders stay flexible and less emotionally hijacked by uncertainty.
The broader market mood is turning decidedly more defensive heading into the final trading day of the week. Oil prices are surging higher, equities are under pressure, precious metals are tumbling, and the global bond selloff continues to intensify. Crude oil is leading the move, with the July contract up $2.93 at $99.85, while the expiring June contract is…
Commerzbank’s Carsten Fritsch notes that the Gold price has retreated sharply as markets price in renewed US rate hikes after strong producer price data. Rising US Treasury yields are increasing the opportunity cost of holding Gold, while India’s steep import tax hike is set to curb physical demand. The new Fed Chair may struggle to justify rate cuts. Rate…
2026.05.15 2026.05.15 USD/JPY: 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 160.65 with a target of 152.10–145.50. A sell signal: the price holds below 160.65. Stop Loss: above 161.10, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the…
GBP/JPY looks ready to bounce from a major support zone! Will the bulls hold the line in the next trading sessions?
The pipeline is already under construction but the latest decision by the UAE is to accelerate said project in order to become operational in 2027. The Crown Prince of Abu Dhabi met with the executive committee of the ADNOC board of directors and directed to accelerate delivery of the project. For some context, the UAE’s total production capacity is…
Commerzbank’s Tatha Ghose flags a sharp March deterioration in Turkey’s balance of payments, with a near-doubling of the current-account deficit, heavy capital outflows and a record drop in official reserves. The bank argues underlying vulnerabilities predated the Iran conflict. With inflation seen accelerating and no further Central Bank of the Republic of Türkiye (CBRT) tightening, Commerzbank forecasts USD/TRY at…
