Gold is off its early lows today in a bounce to $4,080 levels now, with the low earlier touching $4,024. It’s a slippery slope for gold now after the technical breakdown since Friday. The precious metal is seeing price not only fall below the 200-day moving average (blue line) for the first time since October 2023, yesterday also saw…
The EUR/USD pair trades slightly higher to near 1.1550 during the Asian trading session on Thursday. The major currency pair edges higher as the Euro (EUR) gains ahead of the European Central Bank’s (ECB) monetary policy announcement at 12:15 GMT. The ECB is expected to raise its Deposit Facility Rate by 25 basis points (bps) to 2.25%, in an…
Renewed US-Iran military escalation pushed crude oil higher on Wednesday while equities fell to a five-week low on tech selling, and gold posted a steep unexpected decline.
A price war between OpenAI and Anthropic would pressure margins at both companies just as they head toward public listings, testing whether their business models can sustain profitability under heavier discounting. Given the interchangeability of their products and how easily enterprise customers can switch providers, any first mover price cut could force a rapid response, accelerating a broader repricing…
“Ending soon” did not survive the day. Hours after telling Fox News the Iranians had asked him to stop the bombing, Trump was complaining Tehran took “too long to negotiate a deal,” warning it would “pay the price,” and insisting all Iran has to do is “start signing a paper.” By evening, US Central Command confirmed strikes on multiple…
A bearish moving-average signal appears on NZD/USD, but will follow-through validate the crossover?
The Strait of Hormuz disruption from the escalating US-Iran conflict is already redirecting global crude flows, with Asian buyers turning to alternative supply sources including Canadian heavy crude via Trans Mountain. Full apportionment on the pipeline signals tightening physical markets for non-Hormuz barrels, which should support Canadian heavy crude differentials and could see further narrowing versus benchmark grades. With…
Here is what you need to know for Thursday, June 11: The US Dollar Index (DXY) trades with a firmer tone above 100.00 after May inflation data highlighted persistent price pressure in the United States (US). The headline Consumer Price Index (CPI) rose 4.2% YoY, accelerating from 3.8% previously, while it increased 0.5% on a monthly basis. The data…
2026.06.10 2026.06.10 US Dollar Steady Amid Middle East Escalation. Forecast as of 10.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Given the wide gulf between the positions of the United States and Iran, a renewed escalation of hostilities appeared increasingly likely. The downing of a US helicopter became the catalyst for a new round of tensions and retaliatory actions. However, the EUR/USD pair showed…
The Federal Reserve’s blackout period started June 7. No official can say a word until after the June 16–17 FOMC meeting, and that silence makes Wednesday’s CPI report hit differently.
