WTI crude oil appears to have broken below the neckline of a complex Head and Shoulders pattern. Can this pullback gather more selling energy? Here are the potential retracement levels to watch on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart Faster with TradingView Easing geopolitical tensions amid prospects of a US-Iran deal and the reopening of…
US official says there is progress on Iran-Oman on Strait of Hormuz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH confined to a narrow intraday range, with flat momentum suggesting consolidation between 6.7450 and 6.7550. Their 1–3 week view still anticipates the Dollar edging lower toward 6.7300 while 6.7640 caps the upside, and over 1–3 months a sustained recovery requires a break above the 21-week…
2026.08.07 2026.08.07 GBP/USD: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 1.3274 with a target of 1.3870–1.4140. A buy signal: the price holds above 1.3274. Stop Loss: below 1.3230, Take Profit: 1.3870–1.4140. Alternative scenario: Breakout and consolidation below the level…
Four quiet sessions of Hormuz headlines gave way to a payrolls shock that knocked the dollar down, lifted gold to two-month highs, and reset Fed rate bets.
investingLive Americas market news wrap: Non-farm payrolls turn negative, dollar drops !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
DBS Group Research anticipates China’s credit demand to stay weak in July, with new Yuan loans around RMB 10.8 billion and M2 growth at 8% year-on-year. Corporate and household medium- to long-term lending are likely to soften amid cautious borrowing and mortgage prepayments. Elevated precautionary savings and subdued property prices are expected to constrain investment and consumption. Weak lending…
2026.08.07 2026.08.07 USD/JPY: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 164.00 with a target of 151.76–148.87. A sell signal: the price holds below 164.00. Stop Loss: above 164.70, Take Profit: 151.76–148.87. Alternative scenario: Breakout and consolidation…
U.S. payrolls fell 23,000 in July 2026, far below forecasts. May and June were revised down 103,000 combined, clouding the outlook for the Fed’s September meeting.
The US labour market debate is divided. Ask consumers and they’ll tell you hiring conditions are the worst since the mid-2010s (ex-pandemic). Ask the initial claims data and you’d conclude companies won’t let anyone go. Today the Fed’s Barkin reiterated that it’s a low-hire, low-fire economy. Zoom out and the pain is concentrated in one place: people trying to…
