I’ve had my fair share of dealing with the US-Iran copium today and we now have to just wait and see if the deal signed will be the one portrayed by Iran here. It points to the US offering major concessions in what will be another TACO moment. And if so, you have to wonder what was the point…
Here is what you need to know on Friday, June 12: Risk flows return heading into the weekend as financial markets turn cautiously optimistic about the United States (US) and Iran reaching a truce deal soon. In the second half of the day, the US economic calendar will feature the University of Michigan’s (UoM) preliminary Consumer Sentiment Index for…
2026.06.12 2026.06.12 Short-Term Analysis for Oil, Gold, and EURUSD for 12.06.2026 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 continued to drop yesterday. The…
WTI crude has shed more than $30 from its March peak. Now it is sitting at a major technical crossroads, and whether it holds or breaks likely depends on a diplomatic decision more than a chart pattern.
CPI +2.6% vs +2.6% y/y prelim Prior +2.9% HICP +2.7% vs +2.7% y/y prelim Prior +2.9% Core CPI +2.5% y/y Prior +2.3% No changes to the preliminary estimates there as German headline annual inflation is reaffirmed to show a minor drop in May. That being said, core annual inflation is seen nudging up to 2.5% and that is up…
Asian equities advance on Friday as market sentiment improved on lower oil prices after US President Donald Trump indicated that a peace agreement with Iran could be finalized as early as this weekend. This diplomatic pivot comes on the heels of the President delaying planned military strikes, though he had previously warned that the US could target Iran’s energy…
EUR/GBP is testing long term support near 0.8620, where bullish wicks could signal a bounce toward the 0.8670 pivot area.
A near-unanimous expectation of a hold leaves limited scope for a market surprise on Tuesday, with attention shifting to the RBA’s forward guidance and how it characterises Middle East-driven inflation risks. The split over the September outlook, with a notable minority still pricing further hikes, suggests AUD and rates markets remain sensitive to incoming inflation and labour data, particularly…
US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz after Iran attempted to target commercial vessels transiting the waterway, Fox News reported on Friday. Iranian state media said that explosion sounds in Sirik are linked to a clash with a vessel breaching the Strait of Hormuz, adding that the vessel was an…
Trump canceled Iran strikes and signaled a deal was near, driving a reversal that sent equities surging, oil down nearly 6%, and the dollar broadly lower.
