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…
USD/JPY stages a modest rebound on Wednesday after coming under pressure earlier in the day amid another suspected intervention by Japanese authorities. At the time of writing, the pair is trading around 156.42 after recovering from an intraday low near 155.00. Despite the modest recovery, USD/JPY remains down nearly 0.90% on the day as the US Dollar (USD) softens…
2026.05.06 2026.05.06 US Dollar Edges Lower On US-Iran Deal Optimism. Forecast as of 06.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Did Iran really have to violate the ceasefire just so the US could develop a clear plan for resolving the conflict in the Middle East? Is force the only language the US understands? Let’s discuss this topic and make a trading plan for…
New Zealand’s Q1 jobless rate dropped to 5.3%, lifting the Kiwi even as soft employment and wages signalled lingering slack.
The USDCAD moved lower earlier in the day as broad-based dollar selling pressure pushed the pair down, but buyers found support and helped drive the price back toward unchanged levels on the session. In the rebound, the pair climbed back above its 100-hour moving average, which currently comes in at 1.3600 — a key technical level and psychologically important…
Canada Ivey Purchasing Managers Index s.a came in at 57.7, above forecasts (49.9) in April
2026.05.06 2026.05.06 Gold Prepares for Strong Rally. Forecast as of 06.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The end of the conflict in the Middle East will turn winners into losers and vice versa. Oil prices risk falling sharply. Gold, on the other hand, will begin to rise slowly but surely as the prospect of Fed rate cuts returns to the forefront. Let’s…
When you get stuck with the dreaded trader’s block, you feel paralyzed and unable to pull the trigger on any trade. How can you cope?
Trump’s post on Truth Social: “Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don’t agree, the bombing starts, and it will be,…
ING’s Warren Patterson and Ewa Manthey note Copper has edged higher, with LME prices back above $13,000/t as markets gauge the durability of the US-Iran ceasefire. They argue a prolonged Strait of Hormuz closure would raise energy costs and hurt manufacturing demand, leaving Copper headline-driven and needing stronger physical demand or inventory drawdowns for a sustained move higher. Headline-driven…
