Markets navigated a historic four-way Fed dissent and Trump’s indefinite Iran blockade extension Wednesday, with WTI topping $104 and the dollar closing as the strongest major currency.

Read more

Goldman Sachs says the UAE’s OPEC exit poses greater medium-term than short-term oil supply upside risk, with UAE crude production potential estimated at just over 4.5 million bpd, constrained near-term by Hormuz closure. Summary: Goldman Sachs said the UAE’s OPEC exit, effective May 1, poses a greater upside risk to oil supply over the medium term than the short…

Read more

DJIA futures dropped close to 0.7% on Wednesday, falling from a session high near 49,250 to a fresh session low around 48,700 during Powell’s press conference before staging a sharp final-hour recovery that returned price to trade close to 48,790. The day showed steady selling through the FOMC decision and into the press conference, with the late-session bounce off…

Read more

2026.04.29 2026.04.29 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 29.04.2026 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 correction (B) may be nearing completion. Consider long positions with a Take…

Read more

So the United Arab Emirates announced it’s leaving OPEC. After nearly 60 years of membership, Abu Dhabi looked at the cartel it helped build and basically said, “It’s not you, it’s me.” Then it packed its bags. The official statement cited the UAE’s “long-term strategic and economic vision.” Which is diplomatic speak for “we are SO done here.” Effective…

Read more

April 29, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices. The…

Read more

USD/JPY trades higher on Wednesday around 160.25, up 0.40% on the day and reaching a one-month high, close to the March 30 peak at 160.46. The pair is now approaching a highly sensitive level for Japanese authorities, with 160.00 widely seen as a red line that could trigger intervention in the foreign exchange market. The upward move is primarily…

Read more

2026.04.29 2026.04.29 Dollar Traders Await Further Oil Market Disruption. Forecast as of 29.04.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The European Central Bank needs to act decisively while avoiding premature rate hikes. At first glance, the Federal Reserve’s task appears more straightforward. However, the cumulative effects of inflation could still undermine its efforts. Let’s analyze the situation and develop a trading plan for…

Read more

With inflation back on the rise and the hawks getting louder, will the BOE finally signal it’s time to tighten?

Read more

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The evolving conflict in the Middle East is causing heightened volatility and US trade policy continues to reshape global trade patterns. Both are ongoing sources of uncertainty. The Bank’s April outlook assumes tariffs…

Read more