Geopolitics ran the show as US-Iran tensions, a Strait of Hormuz blockade, and late-week ceasefire optimism kept every major currency on edge.

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Markets: You can’t shake the feeling that there will be at least one more twist in this saga but all signs were positive on Friday as Iran announced the Strait was reopening and Trump said a deal is coming in a day or two. That led to a $10 drop in oil prices and the corresponding price action with…

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2026.04.17 2026.04.17 WTI Crude Oil: Elliott Wave Analysis and Forecast for 17.04.26–24.04.26 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 84.85 with a target of 115.70–126.00. A buy signal: the price holds above 84.85. Stop Loss: below 82.90, Take Profit: 115.70–126.00. Alternative scenario: Breakout and consolidation below 84.85 will…

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AUD/CAD recently busted through the ceiling around the .9750 minor psychological mark but seems to be stalling on its rally. Can a pullback gather more bullish energy?

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The S&P 500 is at the highs of the day, up 1.45%, or 102 points to 7143. That’s a record high as well and more than a 10% gain from the March 30 low. It’s been an incredible rally and the latest leg higher came after Trump told AFP that there are no sticking points in the Iran deal….

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The AUD/USD surged toward the 0.7200 price region on Friday, as improving headlines out of the Middle East weigh on the US Dollar (USD) and support risk-sensitive currencies like the Australian Dollar (AUD). Market sentiment has shifted following announcements that the Strait of Hormuz is now “fully open and ready for full passage.” This development eases concerns about prolonged…

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2026.04.17 2026.04.17 XAU/USD: Elliott Wave Analysis and Forecast for 17.04.26–24.04.26 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 4,353.90 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,353.90. Stop Loss: below 4,280.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,353.90 will allow the…

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Even if you’ve done your homework and executed your trade plan to a tee, there’s still a chance you will be wrong in trading.

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Trump posts on Truth Social: IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU! Oil has cratered on the announcement from Iran’s foreign minister: That’s a big head and shoulders pattern. The market has been sniffing out a TACO since the start of the month and it’s going much…

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