ING’s Carsten Brzeski argues that the European Central Bank is being guided by its 2022 inflation experience rather than current data, with headline Eurozone inflation still moderate and survey-based expectations easing. Nonetheless, he sees more than a 50% probability of two ECB rate hikes this summer, framed as insurance against falling behind the curve rather than a response to…
2026.06.11 2026.06.11 Gold Slumps as Key Sources of Support Fade. Forecast as of 11.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ An unfavorable macroeconomic backdrop, fading support from central banks and ETFs, and the bubble burst have sent gold into a tailspin. Attention is now turning to potential catalysts, including the Federal Reserve’s policy decisions and the anticipated SpaceX IPO. Let’s examine these factors…
The U.S. Consumer Price Index rose 4.2% year-on-year in May, its fastest pace since April 2023, with surging energy costs driven by the Middle East conflict accounting for the bulk of the monthly increase.
After an ugly showing yesterday, US equities are finding a bit of relief so far today – at least for now. S&P 500 futures are up 0.8% with Nasdaq futures up by 1.3% on the day. That is at least leading to a calmer mood so far in European morning trade, though I would argue that the underlying mood…
Commerzbank’s Tatha Ghose expects the Central Bank of the Republic of Türkiye (CBRT) to leave rates unchanged or only align the policy rate with effective funding, which he views as insufficient tightening. With monthly inflation still above 2.5% and reserves under pressure from FX intervention, he warns that reliance on macroprudential tools is inadequate and sees rising risk of…
2026.06.11 2026.06.11 US Dollar Ignores Bullish Signals. Forecast as of 11.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It would seem that the dollar has everything going its way. Inflation in the US has accelerated to 4.2%, keeping the likelihood of a Fed rate hike elevated. Geopolitical risks are mounting, while global risk appetite is waning. Why is the greenback not strengthening? Let’s analyze…
CHF/JPY just bounced off the top of the range visible on its 4-hour time frame and appears to be setting its sights back on the floor.
Gold is off its early lows today in a bounce to $4,080 levels now, with the low earlier touching $4,024. It’s a slippery slope for gold now after the technical breakdown since Friday. The precious metal is seeing price not only fall below the 200-day moving average (blue line) for the first time since October 2023, yesterday also saw…
The EUR/USD pair trades slightly higher to near 1.1550 during the Asian trading session on Thursday. The major currency pair edges higher as the Euro (EUR) gains ahead of the European Central Bank’s (ECB) monetary policy announcement at 12:15 GMT. The ECB is expected to raise its Deposit Facility Rate by 25 basis points (bps) to 2.25%, in an…
Renewed US-Iran military escalation pushed crude oil higher on Wednesday while equities fell to a five-week low on tech selling, and gold posted a steep unexpected decline.
