The US carried out fresh overnight strikes against Iran, targeting missiles capable of threatening American assets such as aircraft carriers, along with drones and other threats tied to the Strait of Hormuz, according to a US official. The strikes were launched from both land and sea, marking a broader operational footprint than earlier rounds this week. Officials (via CNN…
The USD/CHF pair recoils after reaching a five-day high of 0.8108 on Wednesday, edging down some 0.02% as risk appetite deteriorates due to US President Donald Trump’s suggestion of an end to the ceasefire, as Iran attacked ships on Tuesday. At the time of writing, the pair trades at 0.8078, following a false breakout above 0.8100. USD/CHF Price Forecast:…
2026.07.08 2026.07.08 US Dollar Firms as Middle East Tensions Reignite Safe-Haven Demand. Forecast as of 08.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It would seem that the US-Iran deal has reduced geopolitical risks. However, Tehran intends to maintain sole control over the Strait of Hormuz, which is at odds with the US administration’s plans. Let’s discuss this topic and develop a trading plan…
The RBNZ raised its Official Cash Rate to 2.50%, its first hike in three years, but won’t commit to a timeline for what comes next.
EURUSD trades back between the 100/200 hour MAs in a up and down trading session !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Gold (XAU/USD) sees a sharp move lower on Wednesday after US President Donald Trump declared that the ceasefire deal with Iran was “over” during the NATO Summit in Ankara, Turkey. However, Reuters later reported that Trump did not repeat those remarks, citing a source familiar with the talks. At the time of writing, XAU/USD is trading around $4,040, retracing…
2026.07.08 2026.07.08 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.07.2026 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. The article covers the following subjects: Major Takeaways BTCUSD: A bearish correction is expected to start developing shortly. Consider short positions with a Take Profit at 60,376.79. XRPUSD: A…
Trump declared the US-Iran ceasefire over after Iran struck ships in the Strait of Hormuz, sending oil prices surging 6% and rattling markets.
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) has held up well through recent Iran-driven volatility, extending its rebound even as the US Dollar (USD) trades mixed. They highlight moderating negative CAD sentiment, cheaper topside USD protection in options, and stress that USD/CAD remains elevated with key resistance at 1.4250/00 and support near 1.4150…
2026.07.08 2026.07.08 Oil Price Surges as US-Iran Ceasefire Over. Forecast as of 08.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The escalation of the conflict in the Middle East has given Donald Trump an opportunity to declare that it’s all over. The deal is canceled, and everything is back to square one. Judging by the rally in Brent, that seems to be the case….
