Tariff-driven tightness faces policy risk – ING

ING Commodities Strategist Ewa Manthey highlights that Copper has surged back near record highs as traders accelerate shipments into the US ahead of potential import tariffs, tightening physical markets and draining LME inventories. She notes constrained mine supply, low treatment charges and strong electrification-related demand, but warns that any policy disappointment or narrower-than-expected tariffs could trigger a correction and…

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WTI Crude Oil: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26

2026.08.07 2026.08.07 WTI Crude Oil: 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 67.00 with a target of 105.17–115.50. A buy signal: the price holds above 67.00. Stop Loss: below 65.50, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below…

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Will Pi Network defend its gains?

Pi Network (PI) edges lower on Friday, extending the losses from the previous day. Retail demand holds firm in the near term, as PI futures Open Interest has remained above $9 million over the last three days. The technical outlook for PI highlights a downside risk as the price remains capped by an overhead trendline near $0.0910. Pi Network…

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Technical analysis of US Crude, XAUUSD and EURUSD for Today (August 7, 2026)

2026.08.07 2026.08.07 Short-Term Analysis for Oil, Gold, and EURUSD for 07.08.2026 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. The euro continues to trade in a…

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What are the main events for today?

EUROPEAN SESSION In the European session, we don’t have much on the agenda other than a couple of low tier releases like the French trade balance and Swiss consumer confidence. The data is not going to change anything for the respective central banks, so the market reaction will be muted.  AMERICAN SESSION In the American session, we get the…

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Rebound against US Dollar faces key cloud barrier – UOB

UOB Group’s Quek Ser Leang highlights that EUR/USD has staged a sharp rebound after drifting sideways, following a decline from January’s high to mid-June’s low. The pair is seen with scope to extend gains, but the analyst stresses that the 1.1560/1.1565 zone, aligned with the daily Ichimoku cloud top and a weekly trendline, is critical resistance, while support is…

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