Gold is under heavy selling pressure, falling $143, or 3.2%, to $4,333. The sharp decline has pushed the price below its 200-hour moving average for the first time since October 2023, a development that shifts the near-term technical bias more firmly in favor of the sellers. The move lower also broke below the 50% retracement of the rally from…
DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won. He links KRW softness to foreign investor profit-taking after a sharp KOSPI rally and warns that further outflows, limited exporter repatriation of overseas earnings, and persistently high Oil prices could destabilize the currency. Won vulnerable…
2026.06.05 2026.06.05 EUR/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 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 1.1685 with a target of 1.1407–1.1124. A sell signal: the price holds below 1.1685. Stop Loss: above 1.1725, Take Profit: 1.1407–1.1124. Alternative scenario: Breakout and consolidation above the…
The Baker Hughes rig count for the current week shows oil im inventories up 2 to 431 . Natural Gas inventories are down -1 to 124 and Total rigs are up 1 to 563. The decline in rigs has been hard since the peak above 1000 rigs back in early 2019. What is the stories behind the declines? 2018…
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market mood. At the time of writing, the pair trades at 0.5791, its lowest level in the last two months. The Bureau of Labor…
2026.06.05 2026.06.05 GBP/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 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 1.3505 with a target of 1.3140–1.2936. A sell signal: the price holds below 1.3505. Stop Loss: above 1.3545, Take Profit: 1.3140–1.2936. Alternative scenario: Breakout and consolidation above the…
Will leave interest rate decision to Warsh Would like to see lower interest rates Says the country is doing well, market should go up He would not mind if Warsh were to cut interest rates. Will leave rate cut to Warsh during October meeting. What is curious is his response that will leave rate cut to Warsh but cites…
UOB economists Julia Goh and Loke Siew Ting note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted to the upside. They expect the BSP to deliver a 25bps hike to 4.75% on 18 June and another 25bps to 5.00% in 3Q26, then hold rates to anchor expectations…
2026.06.05 2026.06.05 USD/JPY: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 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 160.70 with a target of 152.10–145.50. A sell signal: the price holds below 160.70. Stop Loss: above 161.20, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the level of 160.70…
Coming off the back of Google’s record $85 billion equity share sale this week, Meta is now considering raising tens of billions of dollars in the equity markets as it looks to expand its move into AI The stock has moved from $610 to a new low of the day of $581.58. The price currently trades at $586.56 down…
