The U.S. advance Q1 2026 GDP missed expectations at 2.0% while core PCE inflation surged to 3.2% annually, a combination that supported the case for the Fed to stay on hold.
Bitcoin is pushing higher today, with price action gaining momentum as it breaks above both key short-term barometers—the 100-hour moving average at $76,638 and the 200-hour moving average at $77,267. That upside extension has carried the price to a session high of $78,924, bringing it right up against a critical technical level: the 50% retracement of the 2026 trading…
Gold (XAU/USD) pares intraday losses on Friday as traders react to fresh geopolitical headlines surrounding the ongoing war in the Middle East. At the time of writing, XAU/USD is trading around $4,655, rebounding from the one-month low of $4,510 reached earlier this week. Reports suggest Iran has submitted a new proposal through Pakistani mediators in response to the latest…
2026.05.01 2026.05.01 GBP/USD: Elliott Wave Analysis and Forecast for 01.05.26–08.05.26 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 1.3440 with a target of 1.3870–1.4300. A buy signal: the price holds above 1.3440. Stop Loss: below 1.3400, Take Profit: 1.3870–1.4300. Alternative scenario: Breakout and consolidation below 1.3440 will allow the…
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Inflation expectations need to be closely monitored for signs of de-anchoring Worried that energy prices may stay higher for longer without a clear timeline for end to Middle East conflict Will be paying close attention to indirect effects of higher energy prices That being how it contributes to cost-push inflation in production, transportation, services Potential second-round effects via wages…
ING’s Chris Turner describes Sterling price action as confusing after the Bank of England’s latest communication. While he sees the BoE laying groundwork for a June hike, some investors interpreted the message as dovish, possibly due to oil-driven declines in GBP rates. He warns that key EUR/GBP support at 0.8600/0.8610 looks vulnerable in thin holiday trading. BoE signals clash…
2026.05.01 2026.05.01 Short-Term Analysis for Oil, Gold, and EURUSD for 01.05.2026 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. Gold is undergoing a correction within the…
Earlier this week, the Bank of England gave traders a decision that looked boring on the surface but had plenty going on underneath. Its Monetary Policy Committee (MPC) voted 8–1 to keep the UK’s benchmark interest rate—the “Bank Rate”—steady at 3.75%. While a “hold” might sound like a non-event, the subtext of the meeting and the subsequent press conference…
Should not forget that baseline scenario already entails a more restrictive monetary policy It would be more appropriate to respond in June if outlook does not improve markedly Well, this just reaffirms the report from yesterday that policymakers were converging towards a June rate hike. The report even suggested that some policymakers were already on board with perhaps even…
