The USDCAD moved lower earlier in the day as broad-based dollar selling pressure pushed the pair down, but buyers found support and helped drive the price back toward unchanged levels on the session. In the rebound, the pair climbed back above its 100-hour moving average, which currently comes in at 1.3600 — a key technical level and psychologically important…
Canada Ivey Purchasing Managers Index s.a came in at 57.7, above forecasts (49.9) in April
2026.05.06 2026.05.06 Gold Prepares for Strong Rally. Forecast as of 06.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The end of the conflict in the Middle East will turn winners into losers and vice versa. Oil prices risk falling sharply. Gold, on the other hand, will begin to rise slowly but surely as the prospect of Fed rate cuts returns to the forefront. Let’s…
When you get stuck with the dreaded trader’s block, you feel paralyzed and unable to pull the trigger on any trade. How can you cope?
Trump’s post on Truth Social: “Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don’t agree, the bombing starts, and it will be,…
ING’s Warren Patterson and Ewa Manthey note Copper has edged higher, with LME prices back above $13,000/t as markets gauge the durability of the US-Iran ceasefire. They argue a prolonged Strait of Hormuz closure would raise energy costs and hurt manufacturing demand, leaving Copper headline-driven and needing stronger physical demand or inventory drawdowns for a sustained move higher. Headline-driven…
2026.05.06 2026.05.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.05.2026 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. The euro is once again rebounding from…
EUR/JPY looks ready to extend a months-long uptrend! Will we see further gains in the next trading sessions?
Services PMI 47.9 vs 52.0 expected Prior 53.3 Ouch. That’s a rough hit as Spain’s services sector sees a marked drop in both new business and confidence. The negative impact ties to the Middle East conflict, as costs continue to rise sharply on the month and weighing on demand conditions. HCOB notes that “sales volumes were down due to…
The Euro (EUR) has dropped sharply against the Japanese Yen (JPY) on Wednesday, falling from levels just below 185.00 to 182.05 before returning to 183.40 at the time of writing. Similar moves in other Yen crosses point to another intervention of the Japanese Ministry of Finance (MOF). Japanese authorities do not comment on interventions, but data released by the…
