As the week comes to a close, US stocks are giving back some of their earlier gains. The major indices remain higher on the day, with the Dow up 0.74%, the S&P up 0.46%, and the Nasdaq higher by 0.23%, but all are well off their session highs as traders react to the latest geopolitical headlines. The focus remains…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower intraday toward 1.2760, though a sustained break is seen as unlikely, with major support at 1.2730 intact. On a 1–3 week horizon, UOB keeps a neutral stance, looking for range trading between 1.2730 and 1.2820. Over 1–3 months, the pair is viewed as…
2026.05.22 2026.05.22 USD/JPY: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 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…
US-Iran peace talks whipsawed every major market this week, while a hawkish Fed, a new Fed Chair, and cratering consumer sentiment made sure no one stayed comfortable.
The week is ended with markets focused squarely on the growing tension surrounding Iran, as negotiations entered what officials described as a critical stage. Mediators including Pakistan, Qatar, and Saudi Arabia worked urgently to secure at least a temporary framework agreement aimed at preventing renewed U.S. and Israeli military action. The diplomatic effort is centered on extending the cease-fire…
The AUD/USD edges lower during the North American session, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%. AUD/USD Price Forecast: Technical outlook From a technical perspective, the AUD/USD…
2026.05.22 2026.05.22 WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 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 93.30 with a target of 115.70–126.00. A buy signal: the price holds above 93.30. Stop Loss: below 91.50, Take Profit: 115.70–126.00. Alternative scenario: Breakout and consolidation below 93.30 will…
Last week, Prime Minister Narendra Modi asked 1.4 billion Indians to do something that, on the surface, sounds almost reasonable: stop buying gold for a year. Speaking at a BJP rally in Hyderabad, he said: “For a year, be it any function, we shouldn’t buy gold jewelry.” Skip the wedding jewelry. Skip the festival coins. Give the country a…
Baker Hughes rig count Oil rig count =10 to 425 Natural Gas Rig cound -3 to 125 Total rig count for the week +7 to 558 The price of crude oil is trading at $96.35 which is near unchanged on the day. The price remains below the 100 and 200 hour MA which is more bearish. Those MA come…
Speaking ahead of the swearing-in of new Federal Reserve (Fed) Chair Kevin Warsh, President Trump stated that he wants Warsh to be “independent”, stating that the Fed will “make their own decisions”. Donald Trump also stated that he wants to stop inflation, and reminded listeners that economic growth and inflation are two different concepts. Key Trump highlights Want warsh…
