The broader market mood is turning decidedly more defensive heading into the final trading day of the week. Oil prices are surging higher, equities are under pressure, precious metals are tumbling, and the global bond selloff continues to intensify. Crude oil is leading the move, with the July contract up $2.93 at $99.85, while the expiring June contract is…
Commerzbank’s Carsten Fritsch notes that the Gold price has retreated sharply as markets price in renewed US rate hikes after strong producer price data. Rising US Treasury yields are increasing the opportunity cost of holding Gold, while India’s steep import tax hike is set to curb physical demand. The new Fed Chair may struggle to justify rate cuts. Rate…
2026.05.15 2026.05.15 USD/JPY: Elliott Wave Analysis and Forecast for 15.05.26–22.05.26 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 160.65 with a target of 152.10–145.50. A sell signal: the price holds below 160.65. Stop Loss: above 161.10, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the…
GBP/JPY looks ready to bounce from a major support zone! Will the bulls hold the line in the next trading sessions?
The pipeline is already under construction but the latest decision by the UAE is to accelerate said project in order to become operational in 2027. The Crown Prince of Abu Dhabi met with the executive committee of the ADNOC board of directors and directed to accelerate delivery of the project. For some context, the UAE’s total production capacity is…
Commerzbank’s Tatha Ghose flags a sharp March deterioration in Turkey’s balance of payments, with a near-doubling of the current-account deficit, heavy capital outflows and a record drop in official reserves. The bank argues underlying vulnerabilities predated the Iran conflict. With inflation seen accelerating and no further Central Bank of the Republic of Türkiye (CBRT) tightening, Commerzbank forecasts USD/TRY at…
2026.05.15 2026.05.15 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 15.05.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The final part of a bullish impulse continues developing. Consider long positions with a Take Profit at 83,132.33. XRPUSD: Impulse (C) continues…
The U.S. inflation shock is lifting Greenback demand, but Canada’s oil linked economy is pushing back. At some point, one of these forces has to blink.
Government bond yields ground higher across the session, with the 10-year US Treasury pushing above 4.5%, lending support to the dollar while weighing on equities and metals. It was a broadly risk-off tone that built gradually through the day rather than arriving in one sharp move. The Federal Reserve provided the early narrative. New York Fed President John Williams…
The GBP/USD pair faces some selling pressure near 1.3365 during the Asian trading hours on Friday. The British Pound (GBP) weakens against the US Dollar (USD) amid political uncertainty in the United Kingdom (UK) and risk-off sentiment. UK health secretary Wes Streeting resigned, saying that he has “lost confidence” in Prime Minister Keir Starmer’s leadership and that it would be…
