The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band…
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AUD/USD bounces from recent lows as Stochastic turns up from oversold territory. Will buyers confirm a move toward resistance?
Risk sentiment surged on Thursday after Trump cancelled planned strikes on Iran, citing a near-complete deal with Tehran and a possible signing in Europe this weekend. Equities rallied hard, led by cyclicals and tech, while energy was the lone sector in the red. Oracle bucked the broader rally, sliding over 8% on its USD 40bln equity raise following weak…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a mildly positive stance on USD/SGD, looking for a test of 1.2900 in the near term while seeing 1.2915 as a tougher hurdle. On a 1–3 week horizon, they maintain that gains remain intact as long as 1.2830 holds.
2026.06.11 2026.06.11 Short-Term Analysis for Oil, Gold, and EURUSD for 11.06.2026 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. The gold price fell yesterday. The article…
U.S. wholesale inflation hit 6.5% annually in May 2026 — highest since 2022 — as gasoline surged 23.4% and core producer prices posted their biggest jump in years.
Prior was 5.046% Six auction average of 4.835% Bid to cover vs 2.30x prior The auction prior to this one tailed by 0.5 bps. This is a reopening so it’s 29 years, 11-months, not 30 years. The 1.2 bps tail is a bad sign in a world where congress is debating even more spending and megacap tech companies are…
The Pound Sterling (GBP) registers losses of 0.19% on Thursday after the latest US inflation report reflected the impact of the Iran war on producer prices, while an escalation of hostilities between Washington and Tehran triggered a recovery in Oil prices. At the time of writing, the GBP/USD pair trades at 1.3330 after peaking at 1.3391. GBP/USD weakens as…
2026.06.11 2026.06.11 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 11.06.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. Market conditions remain largely unchanged. The article covers the following subjects: Major Takeaways BTCUSD: The price may fall in sub-wave of the bearish impulse. Short trades can be…
