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…
2026.05.06 2026.05.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.05.2026 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. The euro is once again rebounding from…
EUR/JPY looks ready to extend a months-long uptrend! Will we see further gains in the next trading sessions?
Services PMI 47.9 vs 52.0 expected Prior 53.3 Ouch. That’s a rough hit as Spain’s services sector sees a marked drop in both new business and confidence. The negative impact ties to the Middle East conflict, as costs continue to rise sharply on the month and weighing on demand conditions. HCOB notes that “sales volumes were down due to…
The Euro (EUR) has dropped sharply against the Japanese Yen (JPY) on Wednesday, falling from levels just below 185.00 to 182.05 before returning to 183.40 at the time of writing. Similar moves in other Yen crosses point to another intervention of the Japanese Ministry of Finance (MOF). Japanese authorities do not comment on interventions, but data released by the…
2026.05.05 2026.05.05 Greenback Gains on Safe-Haven Demand Amid Renewed US–Iran Hostilities. Forecast as of 05.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US government did not want the conflict in the Middle East to escalate, but the operation “Project Freedom” launched by Donald Trump forced Iran to terminate the ceasefire. Oil prices rose, while the EUR/USD pair fell. Let’s discuss this topic and…
Bitcoin has just broken a months-long descending trend line and is pushing into a cluster of resistance levels. But this week’s NFP report on Friday could change the mood very quickly.
The confluence of a weaker dollar, retreating oil prices and ceasefire optimism has created a near-ideal short-term environment for gold, but the rally carries an inherent fragility: any re-escalation between the US and Iran could trigger rapid profit-taking and force short-term speculators to unwind net long positions quickly. The relationship between oil and gold remains the central dynamic to…
China’s Services Purchasing Managers’ Index (PMI) rose to 52.6 in April from 52.1 in March, the latest data published by RatingDog showed on Wednesday. AUD/USD reaction to China’s Services PMI The Chinese proxy, the Australian Dollar (AUD), edges slightly higher following the Chinese data, with AUD/USD gaining 0.66% on the day to 0.7230, as of writing. Australian Dollar FAQs One…
2026.05.04 2026.05.06 Weekly Economic Calendar for 11.05.2026–17.05.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants have reassessed the likelihood of changes in monetary policy following the late-April meetings of major central banks, including the Federal Reserve, and now need fresh data to refine their outlook. This week, attention will focus on inflation reports, including key releases from the US. At the same time,…
