The UK Independent is reporting that UK PM Starmer is facing growing leadership pressure ahead of next week’s Makerfield by-election. Andy Burnham is expected to win the seat and return to Parliament, potentially positioning himself for a Labour leadership challenge. Reports suggest Burnham’s allies are preparing for a possible leadership bid, including discussions about staffing and cabinet roles. Cabinet…
Australia CFTC AUD NC Net Positions fell from previous $41.8K to $18.2K
2026.06.12 2026.06.12 Middle East Peace Weighs on Greenback. Forecast as of 12.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The easing of geopolitical tensions in the Middle East and the rally in global stock markets have outweighed concerns over the ECB’s stance and the acceleration of US producer prices. Let’s examine their impact and develop a trading plan for the EUR/USD pair. The article…
A look at what drove silver’s volatile week and the key levels to watch heading into next week.
The USDCAD has been on its own moon mission since early May, rallying from 1.3549 to a new 2026 high of 1.4023 reached yesterday. While there have been periodic pullbacks along the way, the broader uptrend has remained firmly intact. A key reason is that the pair has spent most of the rally above its 200-hour moving average, with…
Eurozone CFTC EUR NC Net Positions down to €13.9K from previous €48.9K
2026.06.12 2026.06.12 USD/CAD: Elliott Wave Analysis and Forecast for 12.06.26–19.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.4134 with a target of 1.3400–1.3065. A sell signal: the price holds below 1.4134. Stop Loss: above 1.4170, Take Profit: 1.3400–1.3065. Alternative scenario: Breakout and consolidation above the…
Iranian foreign minister Seyed Abbas Araghchi earlier wrote: The Islamabad Memorandum of Understanding has never been closer. Pending its finalization, the media should refrain from entering speculation about its content. In line with our responsible and transparent approach, all details will be shared with the public in due course. Trump was earlier ticked off about a leak of the…
United States CFTC Oil NC Net Positions fell from previous 155.9K to 130.3K
2026.06.12 2026.06.12 USD/CHF: Elliott Wave Analysis and Forecast for 12.06.26–19.06.26 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 0.7864 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7864. Stop Loss: below 0.7820, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.7864 will allow the…
