I don’t think I’ve ever seen something quite like the rout in oil prices in the market. Hormuz was the mother-of-all disruptions, an absolute dream for oil bulls. Yet here we are nearly four months later and crude is back where it began. Worse yet, many (most?) oil stocks are below pre-Hormuz levels. It’s the ultimate evil-genie. I also…
TD Securities’ Head of Commodity Strategy Bart Melek highlights that Gold recently broke below $4,000/oz as higher US rates and a firmer Dollar weigh on the metal. Oil shock–driven inflation and a restrictive Federal Reserve (Fed) stance could push prices a few hundred dollars below long-term support near $3,900/oz before a potential recovery toward new record highs above $5,300/oz…
2026.06.26 2026.06.26 XAU/USD: Elliott Wave Analysis and Forecast for 26.06.26–03.07.26 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 3,725.05 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 3,725.05. Stop Loss: below 3,660.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 3,725.05 will allow the…
Thinking of trading as a side-hustle for extra income or a full-time job? Here’s a quick checklist of things you need to get started.
Rate hikes by year-end RBNZ: 55 bps (62% probability of rate hike at the next meeting) Fed: 31 bps (30% probability of rate hike at the next meeting) ECB: 27 bps (69% probability of no change at the next meeting) BoE: 20 bps (86% probability of no change at the next meeting) BoJ: 19 bps (97% probability of no…
Societe Generale’s team highlights a sharp reversal in Gold, with prices down 20% year-to-date and over 11% this month, undermining the Dollar debasement narrative. The post-FOMC capitulation in Gold has given way to some relief as US real yields retreat, but the broader June theme remains Dollar resurgence, flatter US curves, and collapsing Oil and Gold prices back towards…
2026.06.26 2026.06.26 Short-Term Analysis for Oil, Gold, and EURUSD for 26.06.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil prices continue to trade within a…
AUD/CAD bounced off its range resistance earlier this week and is now setting its sights back on the floor. Will support still hold this time?
EUROPEAN SESSION In the European session, we don’t have much on the agenda other than a couple of low tier releases like the Italian Consumer Confidence and French Jobless Claims. The data is not going to change anything for the ECB, so the market reaction will be muted. AMERICAN SESSION In the American session, we just have the final…
The GBP/USD pair trades with mild gains near 1.3200 during the early European session on Friday. The British Pound (GBP) strengthens against the US Dollar (USD) as markets focus on who might become finance minister under Andy Burnham, and the latest US inflation data has softened expectations for US rate hikes. UK Finance Minister Rachel Reeves is expected to…
