2026.05.29 2026.05.29 GBP/USD: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 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 1.3505 with a target of 1.3140–1.2936. A sell signal: the price holds below 1.3505. Stop Loss: above 1.3545, Take Profit: 1.3140–1.2936. Alternative scenario: Breakout and consolidation above the…

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Full report here Trump did not reach a final decision on a Memorandum of Understanding (MoU) with Iran during a nearly two-hour meeting in the White House Situation Room, according to a senior administration official familiar with the deliberations. The meeting came after Trump publicly suggested that a major breakthrough with Tehran could be imminent, outlining what he described…

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As Friday’s US stock market session rounds the corner in its final hour, the S&P 500 index is clinging onto what might be its seventh straight day of gains. Since Wednesday, May 20, the index has climbed from 7,353 to an all-time high of 7,599 on Friday. But after gapping up on the open on Friday, the S&P 500…

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2026.05.29 2026.05.29 Gold Finds Support as Medium-Term Outlook Improves. Forecast as of 29.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While gold’s short-term outlook remains uncertain due to geopolitical developments, bullish sentiment is likely to prevail in XAU/USD over the medium term. Let’s discuss this topic and outline a trading plan. The article covers the following subjects: Major Takeaways Gold has found support. Geopolitical tensions…

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What a week to be glued to the headlines. From May 25–29, one story ran the show across every market: the on-again, off-again U.S.-Iran deal to reopen the Strait of Hormuz. Traders spent five sessions chasing diplomatic ping-pong — peace talks, missile strikes, ceasefire leaks, and a naval blockade lift — and price action whipped around with every twist. …

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The highlight of the session was Trump’s announcement on Truth Social of the lifting of the US naval blockade and a “final determination” on a broader agreement to follow shortly in the White House Situation Room. This gave the positive risk sentiment a further boost, with oil prices extending losses. Iranian sources suggested the public blockade announcement was viewed…

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The US Dollar Index (DXY) fell toward the 98.90 region on Friday as improving market sentiment linked to developments in the Middle East reduces demand for safe-haven assets. Although the latest United States (US) Core Personal Consumption Expenditures (PCE) Price Index on Thursday held steady at 3.3% YoY in April, reinforcing expectations that the Federal Reserve (Fed) may keep…

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2026.05.29 2026.05.29 USD/JPY: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 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 160.70 with a target of 152.10–145.50. A sell signal: the price holds below 160.70. Stop Loss: above 161.20, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the…

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In a single morning, the U.S. government dropped two massive pieces of data: the updated scorecard for economic growth (GDP) and the Federal Reserve’s absolute favorite inflation gauge (the Core PCE price index). The tricky part was that growth looked soft, but inflation was still stubbornly high. Let’s break down what the reports showed, how they could shape the…

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On Iran blockade says anything that is taken off will be taken off slowly There are 3 scenarios on Iran: deal, no deal, or kinetic action There’s more we can do on Iran if we have to See real wage growth to resume, on the other side of the war 100% approve of the Fed getting rid of forward…

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