There is the Strait of Hormuz and then there is domestic production. In the current week, the Baker Hughes rig count fell -3 at 545. Looking at the pieces: Oil rigs aree unchanged at 411 Natural Gas is down -3 at 127. Total rigs -3 at 545. Crude oil is is trading up $0.57 at $98.45. However for the…
Iran’s parliament speaker, Mohammad Baqer Qalibaf, said in a post on X on Friday that two previously agreed measures, a ceasefire in Lebanon and the release of Iran’s blocked assets, must be implemented before negotiations begin. Qalibaf posted on X: “Two of the measures mutually agreed upon between the parties have yet to be implemented: a ceasefire in Lebanon…
2026.04.10 2026.04.10 XAU/USD: Elliott Wave Analysis and Forecast for 10.04.26–17.04.26 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 4,538.00 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,538.00. Stop Loss: below 4,450.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below the level of 4,538.00…
One distinguishing trait I’ve noticed among successful traders is their ability to figure out market themes by recognizing and taking advantage of patterns from different assets and time frames.
Tehran divided over delegation powers IRGC demands hardline security chief join U.S.-Iran peace talks Iranian negotiators resist military pressure to include Zolghadr in team IRGC demands that its missile program remain off Islamabad agenda Internal rift threatens Iran’s unified front ahead of US negotiations Power struggle in Tehran as IRGC moves to cage diplomatic delegation Iran International reports that…
Canadian employment data preview The Canadian labor market data for March is scheduled to be published today at 12:30 GMT. The data is expected to show that the Canadian economy created 15K new jobs after the firing of 83.9K workers in February. The Unemployment Rate is estimated to have increased to 6.8% from the previous reading of 6.7%. In…
2026.04.10 2026.04.10 GBP/USD: Elliott Wave Analysis and Forecast for 10.04.26–17.04.26 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 the level of 1.3165 with a target of 1.3870–1.4300. A buy signal: the price holds above 1.3165. Stop Loss: below 1.3125, Take Profit: 1.3870–1.4300. Alternative scenario: Breakout and consolidation below 1.3165…
The latest U.S. core PCE report revealed elevated inflationary pressures even before the US-Iran war sparked a surge in energy costs. But why did the dollar react the way it did?
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so…
ING’s Francesco Pesole notes that the US Dollar Index remains just below 99.0, with further downside seen if a permanent Middle East peace deal is agreed and Strait of Hormuz flows resume. He argues today’s US CPI data are unlikely to change Federal Reserve pricing unless inflation surprises on the upside, and that higher inflation headlines raise the hurdle…
