Rabobank’s Global Strategist Michael Every highlights how United States (US) economic statecraft is reinforcing the global role of the US Dollar (USD) through tools such as suspended Dollar shipments to Iraq and potential new swap lines for Gulf and Asian allies. He argues traditional FX benchmarks like EUR/USD, GBP/USD and USD/JPY are becoming less central in a resource- and…
2026.04.23 2026.04.23 Canadian Dollar Steadies as Long-Term Oil Correlation Weakens. Forecast as of 23.04.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Canadian dollar is the currency of an oil-exporting country, yet USD/CAD quotes are more sensitive to US stock market indices rather than to Brent and WTI. Why is this happening? Let’s explore this situation and make a trading plan. The article covers…
ECB policymakers are publicly split on rate hikes amid the Iran war energy shock. Learn what hawk vs. dove central bank language means for EUR/USD traders.
The manufacturing PMI data for April earlier reflected a good uptick in overall business activity. However, it belies the underlying situation as the “better” conditions were largely driven by firms bringing forward orders. The frontloading is mostly due to wanting to obuild safety stocks in anticipation of rising prices and supply constraints. The latest CBI data is more telling…
West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher to near $93.70 during the European trading session on Thursday. The Oil price gains as the Strait of Hormuz, a vital passage to almost 20% of global energy supply, remains closed despite a ceasefire extension between the United States (US) and Iran. The Hormuz remains seized by the Iranian…
2026.04.23 2026.04.23 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 23.04.2026 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 price may fall in impulse . Consider short positions with a Take Profit at 62,400.16. XRPUSD: Impulse (C) is projected…
The safe-haven signal appears broken this week, with yields and dollar strength pulling gold steadily lower instead.
EUROPEAN SESSION In the European session, we have the Flash PMIs for the major Eurozone economies and the UK. We already got the PMIs for Australia and Japan and although they showed resilience, they highlighted that the war in the Middle East is the key factor dampening optimism, with economic performance unlikely to be sustained unless uncertainty is reduced…
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 567.67 Saudi Riyals (SAR) per gram, down compared with the SAR 571.39 it cost on Wednesday. The price for Gold decreased to SAR 6,621.18 per tola from SAR 6,664.58 per tola a day earlier. Unit measure Gold Price in…
U.K. inflation climbed to its highest in three months in March as the Iran war sent fuel costs sharply higher.
