Silver (XAG/USD) price advances more than 2.50% on Friday, set to end the week with gains of over 7% sponsored by US Dollar (USD) weakness and falling Oil prices. At the time of writing, XAG/USD trades at $80.72, after bouncing off daily lows of $78.16. XAG/USD Price Analysis: Technical outlook Silver is testing the weekly high reached on Thursday…
2026.05.08 2026.05.08 USD/CAD: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 1.3712 with a target of 1.3400–1.3065. A sell signal: the price holds below 1.3712. Stop Loss: above 1.3750, Take Profit: 1.3400–1.3065. Alternative scenario: Breakout and consolidation above the…
Soon after the better-than-expected US jobs report in the worse than expected Canadian jobs report, I posted the following brief commentary and chart: The key resistance zone overhead was defined by the 38.2% retracement level, the swing area between 1.37089 and 1.37149, and the 100-day moving average near 1.3720. The price pushed higher into that resistance cluster, reaching a…
Standard Chartered’s Aldian Taloputra notes Indonesia’s GDP growth accelerated to 5.6% year-on-year in Q1 2026, driven by front-loaded fiscal stimulus, seasonal festival spending and limited pass-through from higher Oil prices. The bank expects growth to ease as these one-off supports fade, keeps its 2026 GDP forecast at 5.2%, and now projects a wider 2026 fiscal deficit of 2.9% of…
2026.05.08 2026.05.08 USD/CHF: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 0.7600 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7600. Stop Loss: below 0.7550, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.7600 will allow the…
ECBs Nagel; Will do whatever is needed to contain energy price jumps ECB is highly alert to increasing inflation risks. ECB will do whatever necessary to curb energy price surge. This article was written by Greg Michalowski at investinglive.com.
ING’s Chief Economist for Greater China, Lynn Song, notes that Taiwan’s April trade data showed slower export and import growth versus expectations, with the trade surplus easing to USD14.35bn. Semiconductor and machinery exports remained strong, while higher Oil prices started to lift import values. ING still expects robust trade momentum and sees upside risks to its 2026 Gross Domestic…
2026.05.08 2026.05.08 Brent Sends Mixed Signals. Forecast as of 08.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The North Sea benchmark rises on signs of escalating conflict in the Middle East, but prices quickly move lower in response to conciliatory rhetoric from the US. This market reaction is a good sign for Brent bears. Let’s discuss this topic and outline a trading plan. The…
WTI crude oil finished modestly higher today despite the ongoing exchange of fire between Iran and the USA. The market is waiting for the next steps in negotiations and whether both sides are able to open the Strait of Hormuz while they negotiate details of any lasting peace. What I will notice is that long-dated oil prices are rising…
Rabobank strategists assess how the US and Israel’s war against Iran could affect China. They note higher Oil and gas prices and global cost-push inflation, but argues China’s inflation is unlikely to force PBOC tightening. However, Rabobank cuts China’s 2026 Gross Domestic Product (GDP) forecast to 4.5%, with higher inflation and unemployment expected. War-driven shocks and China’s resilience “Oil…
