There was a bit of profit-taking at the onset yesterday but given time to digest the Middle East situation, we’re starting to see oil prices surge higher again today. The jump on the day now sees prices move back up to contest the highs from the opening gap higher yesterday. WTI crude oil is now up well over 5%…
GBP/USD is back in the red, accelerating its downside toward the three-month lows of 1.3315 in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar preserves the previous upside.
2026.03.03 2026.03.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.03.2026 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 the Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The last part of impulse 5 appears to be developing. Consider selling the asset with Take Profit at 62,400.00. XRPUSD:…
An upside surprise in Australia’s GDP would add fuel to the Aussie’s bullish momentum, already supported by rising gold prices and hawkish RBA remarks. Our Event Guide for Australia’s GDP Report suggests the risks lean to the upside, with business and trade activity showing improvement. But if GDP misses, traders may use the disappointment to pull back from recent…
Prolonged conflict could lead to a “substantial spike” in inflation At the same time, it could also cause a “sharp drop in output” in the euro area Directionally, a jump in energy prices puts upward pressure on inflation especially in the near-term The magnitude of the shock heavily depends on “the breadth and duration of the conflict” But for…
The EUR/USD pair trades flat at around 1.1680 during the Asian trading session on Tuesday, but broadly seems vulnerable, being close to its five-week low. The major currency pair is under pressure as surging oil prices due to the United States (US)-Israel war with Iran have increased the risks of higher inflation for the Old Continent. Global oil prices…
Can Australia’s GDP figure confirm the possibility of another RBA interest rate hike? Our Event Guide for Australia’s GDP Report points out that investment and trade activity picked up during Q4 2025, likely contributing to stronger economic expansion. Here’s what I’m watching on AUD/USD and GBP/AUD in this scenario.
Gold jumped at the weekly open due to uncertainty around the Iran war but that quickly gave way to profit taking and it sagged down to $5300. Then a second and third wave of bids arrived in Europe and the US leading to a session high of $5419 before selling into the US close and a drop to $5260….
A commander in Iran’s Revolutionary Guard Corps (IRGC) said that the Strait of Hormuz is closed and Iran will fire on any ship trying to pass, Reuters reported on Tuesday. “The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze,” said Ebrahim Jabari,…
2026.03.02 2026.03.02 US Dollar’s Safe-Haven Status Questioned. Forecast as of 02.03.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The loss of confidence in the US dollar among international investors has prevented it from rising amid the escalating geopolitical conflict in the Middle East. Investors are turning to other assets. Let’s discuss this topic and make a trading plan for the EUR/USD pair. The article…
