Silver just spent the first half of 2026 swinging from record highs to a sharp crash. So what happens next? Silver is part investment asset, like gold, and part industrial material, used in electronics and solar panels. That means it reacts to interest rates and the dollar just as much as it does to factory demand. That combination of…
Prior 48.1 Final Composite PMI 49.5 vs 48.0 prelim Prior 48.8 Key findings: Business activity falls for third month running, but cost pressures ease substantially June sees further, albeit slightly slower, drop in business activity Input price inflation retreats to seven-month low Employment falls at weakest rate in current sequence of job losses Comment: Phil Smith, Economics Associate Director…
The USD/JPY pair posts modest gains on Friday amid thin trading due to the US Independence Day holiday. The US Dollar (USD) stabilizes against the Japanese Yen (JPY) after a sharp decline on Thursday following softer-than-expected United States (US) labor market data. At the time of writing, USD/JPY trades at 161.30 after falling to a two-week low of 160.49…
2026.07.03 2026.07.03 USD/CAD: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 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 1.4131 with a target of 1.4536–1.4788. A buy signal: the price holds above 1.4131. Stop Loss: below 1.4085, Take Profit: 1.4536–1.4788. Alternative scenario: Breakout and consolidation below 1.4131 will allow the…
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Services PMI 49.4 vs 48.9 prelim Prior 47.7 Composite PMI 50.0 vs 49.5 prelim Prior 48.5 Both the services and composite prints are 3-month highs respectively, reflecting a modest recovery in business activity in the euro area to wrap up Q2 2026. New business volume may have fallen for a fourth successive month, but at least the contraction was…
Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom. The report also points to a higher trade-weighted CEFTS RMB Index and firmer…
2026.07.03 2026.07.03 USD/CHF: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 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 0.8008 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.8008. Stop Loss: below 0.7965, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.8008 will allow the…
Prior 49.3 Final Composite PMI 49.3 vs 49.4 prelim Prior 49.7 Key findings: Activity falls to greatest extent for nearly three and a half years New orders decrease for fourth month in a row Input cost inflation eases to its lowest since March Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “June data confirmed a clear…
Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs. The bank expects the pair to consolidate in a defined range rather than trend strongly in the near term. Range-bound outlook for USD/SGD…
