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…
2026.05.29 2026.05.29 XAU/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 long positions from corrections above 4,352.00 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,352.00. Stop Loss: below 4,280.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,352.00 will allow the…
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Prior +2.9% HICP +2.7% vs +2.8% y/y expected Prior +2.9% Core CPI Y/Y +2.5% vs +2.3% prior The German states inflation readings released earlier in the day were much lower than the prior month, so a notable miss on the national measure was expected. The German Core CPI Y/Y rose to 2.5% from 2.3% prior. That’s due to a…
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the Dollar has softened after news of a tentative ceasefire extension between the US and Iran, but remains stronger than in early May. They stress that reopening the Strait of Hormuz is key for a larger Dollar decline, while a hawkish Federal Reserve tone keep tightening expectations alive….
2026.05.29 2026.05.29 EUR/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 1.1720 with a target of 1.1350–1.1124. A sell signal: the price holds below 1.1720. Stop Loss: above 1.1760, Take Profit: 1.1350–1.1124. Alternative scenario: Breakout and consolidation above the…
Prior +2.7% HICP +3.3% vs +3.2% y/y expected Prior +2.8% More to come.. This article was written by Justin Low at investinglive.com.
The USD/JPY pair struggles to capitalize on a modest intraday uptick, though it manages to hold above the 159.00 mark through the early European session on Friday. Spot prices, for now, seem to have stalled the previous day’s retracement slide from a four-week top and remain on track to end the week on a flattish note amid mixed cues….
USD/CAD’s upswing looks like it’s running into trouble at a key resistance zone. Will the pair turn lower in the next trading sessions?
Inflation in Germany ran up in April largely on the back of higher energy prices. That saw headline prices move up to near 3% and is once again expected to keep thereabouts in May. After the initial flurry from the earlier months, we won’t see much of a significant spike from April to May. And that will also likely…
