Rate hike support from exports and inflation – DBS

DBS economists Radhika Rao and Mo Ji expect the Bank of Korea (BoK) to raise its base rate to 2.75% from 2.50% in July, citing persistent CPI inflation above 3% and resilient growth. They highlight robust exports and investment linked to the AI (Artificial intelligence) boom and note that Korean Won weakness and portfolio outflows further justify tighter monetary…

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XAU/USD: Elliott Wave Analysis and Forecast for 10.07.26–17.07.26

2026.07.10 2026.07.10 XAU/USD: Elliott Wave Analysis and Forecast for 10.07.26–17.07.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,012.50 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,012.50. Stop Loss: below 3,945.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,012.50 will allow the…

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Baker Hughes total rig count +1 at 580

The Baker Hughes Rig count for the current week showed: Total U.S. rigs: 580 up +1 Oil rigs: 445 Unchanged Gas rigs: 126 up +1 The price of crude oil is currently trading at $71.20 down $0.88 or -1.21% on the day. The low price for the day reach $70.77. The high price was at $73.16. The 100 hour…

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British Pound holds firm as Trump ceasefire shock tests USD

The Pound Sterling holds firm on Friday during the North American session as risk appetite deteriorated after US President Trump posted on social media that the ceasefire is over, even though negotiations continued. At the time of writing, the GBP/USD trades at 1.3406, unchanged. GBP/USD steadies as geopolitics, Fed minutes and UK politics collide This week, the GBP/USD is…

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9 Best Forex Indicators Every Trader Should Use in 2026

2026.07.10 2026.07.10 Best Forex Indicators Every Trader Should Use in 2026 Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Forex is a fast-paced market where any slightest price movement can result in either a profit or a loss. Therefore, to make informed trading decisions, most traders rely on Forex indicators to analyze price charts, assess trend strength, and identify the most profitable entry and exit…

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New methodology trims Core PCE inflation – Wells Fargo

Wells Fargo economists Tom Porcelli and Sarah House discuss upcoming BEA changes to the Personal Consumption Expenditures (PCE) Price Index that will affect data from 2021 onward. They estimate the new methodology will lower current core PCE by about 0.2 percentage points, bringing May’s rate near 3.2% versus 3.4% published, but still roughly 1 percentage point above the Federal…

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