Century Aluminum (CENX) is a primary aluminum producer with operations across the United States and Europe. The stock price has swung back and forth between slightly up to slightly down this morning. But CENX made a significant run from its late March lows near $46 all the way up to the $68–$69 area in early April. This is where…
2026.05.08 2026.05.08 XAU/USD: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 4,493.40 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,493.40. Stop Loss: below 4,420.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,493.40 will allow the…
ECBs Legarde is speaking and says: climbing energy costs will push up input prices. Price increases may then be passed to consumer. We should be well-placed to react, when needed Current rates: The ECB at their last meeting last week held rates unchanged, with the main refinancing rate at 2.15% and the deposit facility at 2.0%, as policymakers adopted…
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is modestly higher versus the Dollar, supported by risk sentiment around the US/Iran conflict despite softer German trade data and slightly reduced ECB tightening expectations. Short-term technicals are described as bullish, with EUR/USD above key Fibonacci levels and rising RSI, opening scope for a move back toward the…
2026.05.08 2026.05.08 WTI Crude Oil: Elliott Wave Analysis and Forecast for 08.05.26–15.05.26 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 87.20 with a target of 115.70–126.00. A buy signal: the price holds above 87.20. Stop Loss: below 85.50, Take Profit: 115.70–126.00. Alternative scenario: Breakout and consolidation below 87.20 will…
CAD/JPY has spent the week sliding toward a long-term rising trendline that dates back to 2021, testing other key support levels as well. Will it hold or fold?
Rate hikes by year-end RBNZ: 83 bps (67% probability of no change at the next meeting) ECB: 60 bps (77% probability of rate hike at the next meeting) BoE: 52 bps (64% probability of no change at the next meeting) BoJ: 42 bps (64% probability of rate hike at the next meeting) BoC: 42 bps (95% probability of no…
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.7% in April, while the Employment Change is forecast to increase by 15K following a 14.1K gain in the previous month. Despite the tone of the report, the bar for a change…
2026.05.08 2026.05.08 Short-Term Analysis for Oil, Gold, and EURUSD for 08.05.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold tested the resistance B of…
Earlier this week, the UK’s 30-year government bond yield surged as much as 13 basis points to 5.78% — the highest level since 1998. This is a symptom of a larger problem. In fact, from Tokyo to London to Washington, government bond yields have been climbing sharply. When this happens, it doesn’t just affect bond investors. It ripples across…
