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…
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…
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…
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…
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…
Hello fellow traders. In this technical article, we are going to present Elliott Wave charts trading setup of Amazon (AMZN) Stock . The stock has recently completed a clean 3-wave pullback. Price action developed exactly as anticipated, but our entry was missed by less than $1. More precisely, the correction ended just $0.39 above our entry zone, highlighting the…
2026.05.29 2026.05.29 WTI Crude Oil: 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 101.25 with a target of 78.00–65.00. A sell signal: the price holds below 101.25. Stop Loss: above 103.00, Take Profit: 78.00–65.00. Alternative scenario: Breakout and consolidation…
Two major central bank decisions are coming up fast: the ECB on June 11 and the Fed on June 16 to 17. The ECB is widely expected to hike for the first time since 2023, while the Fed is still stuck between stubborn inflation and softer growth. EUR/USD is sitting near a six-week low, caught between a narrowing rate…
Fars News Telegram link here From Fars News Telegram channel: Informed sources have rejected recent claims by US President Donald Trump regarding a possible agreement with Iran, describing his statements as a “mixture of truth and falsehood” and an attempt to portray a fabricated victory. According to these sources, it has become clear to almost everyone that these claims…
Gold (XAU/USD) extends its rebound on Friday as traders assess the prospects of a potential US-Iran deal. At the time of writing, XAU/USD trades around $4,538 after recovering from a two-month low of $4,366 touched on Thursday. Risk sentiment improved after Axios reported on Thursday that the US and Iran reached a 60-day memorandum of understanding (MOU). The deal…
