EUROPEAN SESSION In the European session, we don’t have anything on the agenda so the price action will likely remain rangebound heading into the US CPI release. The risk sentiment is mixed but not negative despite some fresh escalation between US and Iran. The limited attacks and retaliations continue to suggest that there’s no intention to go back to…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest Asian session uptick and currently trades just below mid-$87.00s, nearly unchanged for the day. Renewed hostilities between the US and Iran temper hopes for a deal to end the over three-month-old war. This, along with the effective closure of the Strait…
U.S. crude oil prices just bounced from a previous support zone! Will this lead to WTI crude making countertrend moves in the next trading sessions?
War news dominated, read from the bottom up for chronology: Other: Summary: US and Iran exchange direct military strikes overnight in the most serious escalation since the conflict began in February Iran downed a US Army Apache helicopter over the Strait of Hormuz; Washington responded with three waves of precision strikes on Iranian air defense, radar and ground control…
USD/CAD inches higher after posting minor gains in the previous day, trading around 1.3950 during the Asian hours on Wednesday. The pair may depreciate as the commodity-linked Canadian Dollar (CAD) could receive support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US). Crude oil prices advanced in earlier hours as intensifying…
2026.06.09 2026.06.10 Weekly Economic Calendar for 15.06.2026–21.06.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Next week, five of the world’s largest central banks will announce their interest rate decisions. The key event will be the Federal Reserve meeting on Tuesday and Wednesday. While the Fed is widely expected to leave rates unchanged, investors will closely watch the accompanying statement and remarks from the new…
GBP/CHF pushed beyond its upper Bollinger Band near key resistance, raising the question: bearish reversal setup or bullish trend expansion?
Explosions reported again, in the vicinity of Jask, Hormozgan province of Iran. Iranian media cite a ‘senior US official’ but I have yet to see such a US report. Israel’s Channel 12: targeting air defense systems and radars Earlier: US strikes southern Iran after Apache helicopter downed US hits Iran air defenses in warning shot as Trump says deal…
The Aussie Dollar edges lower, some 0.25% against the Greenback on Tuesday as the market mood turned sour due to Trump’s threats to retaliate against Iran after a helicopter was downed in the Strait of Hormuz. The AUD/USD trades at 0.7027 after testing a six-week low of 0.7005. AUD/USD weakens as geopolitical stress and CPI caution dominate Market mood…
2026.06.09 2026.06.09 US Dollar Firms as Oil-Driven Inflation Keeps Fed Tightening Risks Alive. Forecast as of 09.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Even if the Strait of Hormuz were to reopen tomorrow—which is unlikely—oil prices and inflation would not fall as sharply as the US government would want. Persistently high prices in the US will prompt the Federal Reserve to raise interest…
