Every month, thousands of purchasing managers — the people inside companies who actually buy the raw materials, hire the workers, and sweat the supply chains — fill out a survey about whether business is getting better or worse. The results get crunched into a single number called the Purchasing Managers’ Index (PMI). Think of it as a monthly temperature…
There have been plenty of mixed headlines in the past 24 hours. So, let’s do our best to catch up and make sense of what is happening in the Middle East conflict. First, there was that report yesterday that Iran’s supreme leader had issued a directive calling for near-weapons-grade uranium stockpile to not leave the country. That was subsequently…
EUR/JPY remains flat for the second consecutive day, trading around 184.70 during the Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is positioned on the upper boundary of an emerging descending wedge pattern, indicating a potential for a bullish reversal. However, the EUR/JPY cross is holding beneath both the nine-period and 50-period…
NZD/JPY has been consolidating inside an ascending triangle and appears ready for another test of resistance. Will it hold or fold?
Alberta Premier Danielle Smith has confirmed a non-binding October referendum asking residents whether the province should begin the legal process toward a possible independence vote. Summary: Source: Reuters, citing Premier Danielle Smith’s televised address and provincial legislative committee recommendations Alberta Premier Danielle Smith confirmed the province will hold a non-binding referendum in October on whether residents want to remain…
Senior Iranian officials said that no deal has been reached with the United States (US), but gaps have been narrowed, Reuters reported on Friday. However, Islamic Republic’s Supreme Leader, Mojtaba Khamenei, stated that Iran’s uranium enrichment and Tehran’s control over the Strait of Hormuz remain among the sticking points. Market reaction At the time of writing, the West Texas Intermediate…
2026.05.21 2026.05.21 Dollar Bulls Remain in Control Despite Market Pullbacks. Forecast as of 21.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Although EUR/USD bears have loosened their grip, they still dominate the market. Declines in oil prices and Treasury yields appear to be temporary, and the S&P 500 is unlikely to resume rapid growth anytime soon. Let’s examine the situation and develop a trading…
Market sentiment pivoted on Thursday as shifting headlines around US-Iran peace talks drove a choppy and mixed session across asset classes, with equities extending their weekly advance and oil reversing a significant intraday gain on hopes that a Hormuz reopening could be approaching. A dense global data slate, including a four-year high in US Manufacturing PMI, a near-complete collapse…
ISNA, the Islamic Students News Agency, is a semi-official Iranian news agency, considered a credible, if state-adjacent, outlet for government-linked reporting: Talks between Iran and the United States are continuing through Pakistani intermediaries, with the exchanges focused on laying the groundwork for a potential deal. Also, Pakistan’s interior minister will remain in Tehran on Friday to continue consultations and…
BNY’s Geoff Yu highlights that South Korean equities, especially AI and semiconductor names, face tightening financial conditions even as the KOSPI remains a top global performer. iFlow shows heavy institutional selling and extended outflows, which could now weigh on the Korean Won. Elevated inflation expectations and higher input costs across Asia suggest ongoing pressure on EM APAC positioning. Tech-led…
