West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.25 during the early Asian trading hours on Thursday. The WTI price declines on optimism over a possible deal to end the war with Iran. The US and Iran are working on a preliminary framework for a deal aimed at ending the war and laying the groundwork for broader…
U.S.-Iran peace deal optimism sent oil tumbling more than 7% and lifted the S&P 500 to record highs, while the dollar broadly retreated across major currency pairs.
Bank of Japan held rates at 0.75% in March in an 8-1 vote, with minutes showing the board debated Iran war inflation risks and the danger of falling behind the curve on price stability. Full text here. Summary: The Bank of Japan’s Policy Board voted 8-1 at its March 18-19 meeting to keep the uncollateralized overnight call rate at…
GBP/JPY retreats over 0.55% on Wednesday as the Japanese Yen strengthened in the aftermath of last week’s intervention in the FX markets by Japanese authorities. At the time of writing, the cross-pair trades at 212.60 after reaching a daily peak of 214.23. GBP/JPY Price Forecast: Technical Outlook The GBP/JPY is poised to consolidate after clearing key support levels like…
2026.05.06 2026.05.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.05.2026 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 Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The final wave of the bullish impulse within a prolonged correction is expected to be completed shortly. Consider long positions…
Tuesday’s session saw the S&P 500 hit record highs as US officials confirmed the Iran ceasefire holds, while crude oil reversed most of Monday’s war-driven gains.
The DJIA has once again reached the key 50,000 milestone. The index first traded and closed above the 50,000 level on February 6, then managed to hold above that psychological benchmark for four consecutive trading days through February 11 before momentum turned sharply lower. The subsequent correction saw the Dow fall nearly -10%, bottoming on March 27 with a…
USD/JPY stages a modest rebound on Wednesday after coming under pressure earlier in the day amid another suspected intervention by Japanese authorities. At the time of writing, the pair is trading around 156.42 after recovering from an intraday low near 155.00. Despite the modest recovery, USD/JPY remains down nearly 0.90% on the day as the US Dollar (USD) softens…
2026.05.06 2026.05.06 US Dollar Edges Lower On US-Iran Deal Optimism. Forecast as of 06.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Did Iran really have to violate the ceasefire just so the US could develop a clear plan for resolving the conflict in the Middle East? Is force the only language the US understands? Let’s discuss this topic and make a trading plan for…
New Zealand’s Q1 jobless rate dropped to 5.3%, lifting the Kiwi even as soft employment and wages signalled lingering slack.
