The EUR/USD pair posts modest gains around 1.1730 during the early Asian session on Monday, supported by growing optimism surrounding a potential US-Iran peace deal. Markets might turn cautious later in the day ahead of the highly-anticipated US Nonfarm Payrolls (NFP) report for April. The US President Donald Trump administration has been waiting for Iran to respond to its…
Markets whipsawed Thursday as Iran deal skepticism returned, sending oil on a sharp intraday swing and pulling equities from record highs while the U.S. dollar recovered.
A US trade court struck down Trump’s 10% global tariffs 2-1, ruling the duties were not justified under a 1970s trade law; the White House had cited a $1.2 trillion goods trade deficit as grounds. Summary: The US Court of International Trade ruled 2-1 against President Trump’s 10% global tariffs, finding they were not justified under the Trade Act…
OCBC strategists Sim Moh Siong and Christopher Wong describe USD/IDR as easing from overbought territory as hopes of a US–Iran deal support sentiment. Bank Indonesia’s (BI) tighter rules on cash FX purchases and comments that the Rupiah (IDR) is undervalued back stabilization efforts. They note intact bullish momentum but early RSI rollover, with support at 17,267 and 17,200 and…
2026.05.07 2026.05.07 US Dollar Softens on Hopes for US–Iran Agreement. Forecast as of 07.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Slow progress in the negotiations between Washington and Tehran will keep demand for the US dollar as a safe-haven asset strong. The US economy looks better than the European one, and the ECB is unlikely to support the euro. Let’s discuss these topics…
With the Bank of Canada (BOC) still holding a balancing act between strong inflation and weak growth, will the upcoming jobs report tip the scales in a clearer direction? Expectations are for a slightly faster pace of increase in hiring, though underlying metrics might not be so rosy. Here’s what to look out for in this top-tier release.
Al Jazeera is saying a US official told them that reports about preparation to resume Operation Freedom to reopen the Strait of Hormuz are incorrect “Operation Freedom” (sometimes also referred to in reports as “Project Freedom”) is the Trump administration’s military-backed effort to reopen and protect commercial shipping through the Strait of Hormuz after Iran disrupted traffic through the…
Gold (XAU/USD) trims some of its earlier gains on Thursday as the US Dollar and Oil prices rebound amid persistent tensions surrounding the Strait of Hormuz. At the time of writing, XAU/USD is trading around $4,712 after touching a two-week high near $4,764 earlier in the day. Iran has imposed new rules for vessels passing through the Strait of…
2026.05.07 2026.05.07 Short-Term Analysis for Oil, Gold, and EURUSD for 07.05.2026 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. Gold is trading in a bullish correction…
Even before you enter a trade, you should already have your exit strategy laid out. Try asking yourself these questions.
