Gold (XAU/USD) trades with a positive bias for the third straight day and holds steady above the $4,700 mark during the Asian session on Thursday, just below a one-and-a-half-week high set the previous day. Bulls, however, seem hesitant and opt to wait for further clarity over a potential US-Iran peace deal before placing fresh bets. The downside, however, remains…
Earlier this week, gold surged 3.17% to a fresh all-time high while oil crashed and stocks rallied on positive geopolitical news. If you’ve been told that gold is a “fear trade” that rises when investors panic and falls when they’re feeling good, this session probably left you scratching your head. Learn why gold doesn’t always act as a safe-haven…
Trump advisers are privately worried the Iran war’s fuel cost surge will cost Republicans at November’s midterms, as U.S. airlines face a 30% jump in fuel bills and airfares hit $570 for a domestic round trip, the Wall Street Journal (gated) reports. Summary: Trump administration advisers are privately concerned that surging fuel costs stemming from the Iran war will…
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.25 during the early Asian trading hours on Thursday. The WTI price declines on optimism over a possible deal to end the war with Iran. The US and Iran are working on a preliminary framework for a deal aimed at ending the war and laying the groundwork for broader…
U.S.-Iran peace deal optimism sent oil tumbling more than 7% and lifted the S&P 500 to record highs, while the dollar broadly retreated across major currency pairs.
Bank of Japan held rates at 0.75% in March in an 8-1 vote, with minutes showing the board debated Iran war inflation risks and the danger of falling behind the curve on price stability. Full text here. Summary: The Bank of Japan’s Policy Board voted 8-1 at its March 18-19 meeting to keep the uncollateralized overnight call rate at…
GBP/JPY retreats over 0.55% on Wednesday as the Japanese Yen strengthened in the aftermath of last week’s intervention in the FX markets by Japanese authorities. At the time of writing, the cross-pair trades at 212.60 after reaching a daily peak of 214.23. GBP/JPY Price Forecast: Technical Outlook The GBP/JPY is poised to consolidate after clearing key support levels like…
2026.05.06 2026.05.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.05.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The final wave of the bullish impulse within a prolonged correction is expected to be completed shortly. Consider long positions…
Tuesday’s session saw the S&P 500 hit record highs as US officials confirmed the Iran ceasefire holds, while crude oil reversed most of Monday’s war-driven gains.
The DJIA has once again reached the key 50,000 milestone. The index first traded and closed above the 50,000 level on February 6, then managed to hold above that psychological benchmark for four consecutive trading days through February 11 before momentum turned sharply lower. The subsequent correction saw the Dow fall nearly -10%, bottoming on March 27 with a…
