The USDCAD is down modestly on the day, slipping -0.07% after an early push higher failed to gain traction above key resistance. The pair briefly moved above its 100-hour moving average and into a swing area between 1.3620 and 1.36305, but the lack of follow-through opened the door for sellers to reassert control into the North American session. The…
Bob Savage at BNY emphasizes that investors are using traffic through the Strait of Hormuz as a key gauge of energy risk, with ceasefire doubts keeping volatility high. A potential U.S. Senate authorization for renewed strikes on Iran and ongoing war-related supply concerns are central to Oil pricing. Despite this, Brent and WTI are currently lower, while Omani and…
2026.05.05 2026.05.05 Who Is the Richest Man in Africa and How They Built Their Wealth Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Africa has more countries than any other continent. However, despite its size, it has fewer billionaires than even Australia. Much of the wealth held by Africa’s richest individuals is concentrated in commodities and telecommunications. Even so, companies owned by African billionaires are…
GBP/CAD looks tired from its climb and has formed a head and shoulders pattern on its 4-hour time frame. Are we about to see a reversal soon?
FUNDAMENTAL OVERVIEW USD: The US dollar started the week on a positive note following rising tensions in the Strait of Hormuz. Yesterday, we got reports and denials about Iran firing on US ships in the Strait which gave the greenback a boost. Trump said the US sank 6 Iranian fast boats while Iran denied it. Iran also launched a…
ING’s Chris Turner notes that the US Dollar (USD) is benefiting from a hawkish Federal Reserve (Fed) narrative as markets price in a small amount of additional tightening for 2026. He highlights that high Oil prices and Gulf tensions are keeping short-dated US rates supported. Turner argues that the Fed’s focus is shifting toward price stability, which could see…
2026.05.05 2026.05.05 Short-Term Analysis for Oil, Gold, and EURUSD for 05.05.2026 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. Oil prices continued to rise yesterday. The…
Feeling like trading the New Zealand dollar in the next trading sessions? Our Event Guide for the New Zealand Employment Report suggests the labor market numbers may come in weaker than analysts expect. But if the data surprises to the upside, the Kiwi could gain ground against its major counterparts. In that case, NZD/USD and EUR/NZD could see meaningful volatility around…
Prior +0.3% Core CPI +0.3% y/y Prior +0.4% Even with price pressures set to rise in the months ahead, the Swiss economy now feels like it has a bit of a buffer to work with. But in the bigger picture, it’s not exactly a good thing if the Swiss franc continues to stay at more elevated levels. That will…
The GBP/USD pair loses ground to near 1.3520 during the early European session on Tuesday. Rising geopolitical tensions after reports of Iranian missile strikes against US naval vessels near the Strait of Hormuz boost a safe-haven currency such as the US Dollar (USD) and act as a headwind for the major pair. Earlier on Tuesday, Iranian media, citing a…
