The Reserve Bank of Australia raised rates for the third time in 2026, a move that could keep AUD supported much longer. But will other macro factors complicate the near-term picture?
In bringing the cash rate back to 4.35%, the RBA will have essentially reversed its brief easing cycle in 2025. This will then bring interest rates back to the recent peak levels seen during 2024, which followed from rate hikes during 2022 to 2023. So much for being done with the battle against inflation, eh? Any further rate hikes…
EUR/USD moves little after two days of losses, trading around 1.1690 during the Asian hours on Tuesday. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair is testing the lower boundary of the ascending channel. However, a neutral near-term stance prevails as the EUR/USD pair hovers just above the 50-period Exponential Moving Average…
With the RBNZ cautiously shifting to a more hawkish stance, a major miss in employment data could put them back in cautious mode. Our Event Guide for the New Zealand Employment Report points out that industry surveys, as well as business and consumer confidence, have been on the decline throughout Q1. Here’s what I’m watching on AUD/NZD and NZD/JPY…
The USS Truxtun and USS Mason transited the Strait of Hormuz under a sustained Iranian barrage of small boats, missiles and drones, entering the Persian Gulf without either vessel being struck, per US defense officials. Summary: Two US Navy destroyers, the USS Truxtun and USS Mason, successfully transited the Strait of Hormuz and entered the Persian Gulf after navigating…
The Reserve Bank of Australia (RBA) is having a monetary policy meeting this week and will deliver its decision on Tuesday. Market participants expect the Board to deliver a 25 basis points (bps) interest rate hike, the third consecutive one. If markets are right, the Official Cash Rate (OCR) will then reach 4.35% from the current 4.1%. As usual,…
Oil surged more than 5% after U.S. and Iranian forces exchanged fire in the Strait of Hormuz, pushing equities lower as the U.S. dollar closed on top.
Saudi Arabia has demanded guaranteed free passage through the Strait of Hormuz and backed Pakistani mediation, as Israeli officials warned the situation with Iran could deteriorate within hours, prompting airport contingency measures. Summary: Saudi Arabia called for the restoration of freedom of navigation through the Strait of Hormuz to its status prior to 28 February, and demanded guarantees for…
Argentina Tax Revenue (MoM) fell from previous 16071B to 17B in April
2026.05.04 2026.05.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.05.2026 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 fifth wave of the bullish impulse within a sideways correction is expected to complete shortly. Consider long positions with…
