Rate hikes by year-end RBNZ: 83 bps (67% probability of no change at the next meeting) ECB: 60 bps (77% probability of rate hike at the next meeting) BoE: 52 bps (64% probability of no change at the next meeting) BoJ: 42 bps (64% probability of rate hike at the next meeting) BoC: 42 bps (95% probability of no…
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.7% in April, while the Employment Change is forecast to increase by 15K following a 14.1K gain in the previous month. Despite the tone of the report, the bar for a change…
2026.05.08 2026.05.08 Short-Term Analysis for Oil, Gold, and EURUSD for 08.05.2026 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. Yesterday, gold tested the resistance B of…
Earlier this week, the UK’s 30-year government bond yield surged as much as 13 basis points to 5.78% — the highest level since 1998. This is a symptom of a larger problem. In fact, from Tokyo to London to Washington, government bond yields have been climbing sharply. When this happens, it doesn’t just affect bond investors. It ripples across…
Gold futures are showing a mildly bullish recovery today, with the latest structure pointing to higher value acceptance after the May 4 low. The current gold analysis score is +3.0 / +10, which means the market has improved, but the setup is not clean enough to justify chasing strength near the upper edge. The key area for traders is…
NZD/USD appreciates after registering modest losses in the previous day, trading around 0.5940 during the Asian hours on Friday. The pair holds gains as the New Zealand Dollar (NZD) receives support from improving market sentiment driven by the de-escalation of renewed tensions in the Middle East. The US military’s Central Command (CENTCOM) stated that United States (US) forces intercepted…
EUR/GBP has formed lower highs and found support around .8620 to create a descending triangle pattern. Is another move back to the resistance due?
Japan intervened in forex markets during early May holidays in addition to April 30 operations; BOJ data suggests total spending of around $67 billion across both periods to support the yen. Info via Reuters. Summary: Japan intervened in the foreign exchange market during the early May holiday period as well as on April 30, in repeated bouts of yen-buying…
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous day and trading around 98.20 during the Asian hours on Friday. The Greenback softens amid improving market sentiment driven by the de-escalation of renewed tensions in the Middle East. Separate statements…
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Injects 500mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com.
