Chart Art: XAG/USD Support Bounce Confirmation Soon?
Silver is hovering near the 72 support zone. Will XAG/USD confirm a bounce toward 78 and 82–83, or break lower toward 70 and the mid-60s?
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USDCHF sellers remain in control. Price tests 100 hour MA twice and finds willing sellers
The USDCHF found support late last week after testing a key swing area floor between 0.7774 and 0.7782, a level that has held multiple times since April. Friday’s low at 0.77782 attracted buyers, sparking a rebound that carried into Monday. That upside momentum extended through a nearby resistance zone between 0.78309 and 0.7840, but the move stalled just shy…
Oil shock keeps currencies on back foot – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Asian FX has softened again as Oil prices jump on renewed Middle East tensions and concerns over the Strait of Hormuz. They argue that higher energy import bills, inflation risks, firmer US Dollar (USD) and weaker risk sentiment are a negative mix for regional currencies, with Philippine Peso (PHP),…
Yen Jumps Briefly After Intervention in Forex. Forecast as of 05.05.2026
2026.05.05 2026.05.05 Yen Jumps Briefly After Intervention in Forex. Forecast as of 05.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As long as oil prices continue to rise and the Bank of Japan refrains from raising interest rates, carry traders are likely to continue selling the yen. Against this backdrop, Japan’s currency interventions are unlikely to be effective or to reverse the prevailing uptrend…
Reserve Bank of Australia Raises Cash Rate to 4.35% for a Third Straight Time
The Reserve Bank of Australia raised its cash rate to 4.35% in an 8-1 vote, its third straight hike, as the Middle East conflict fans inflation fears.
USDCAD sellers remain in control below swing area and 100 hour MA
The USDCAD is down modestly on the day, slipping -0.07% after an early push higher failed to gain traction above key resistance. The pair briefly moved above its 100-hour moving average and into a swing area between 1.3620 and 1.36305, but the lack of follow-through opened the door for sellers to reassert control into the North American session. The…
Middle East conflict and policy risks steer prices – BNY
Bob Savage at BNY emphasizes that investors are using traffic through the Strait of Hormuz as a key gauge of energy risk, with ceasefire doubts keeping volatility high. A potential U.S. Senate authorization for renewed strikes on Iran and ongoing war-related supply concerns are central to Oil pricing. Despite this, Brent and WTI are currently lower, while Omani and…
Richest Man in Africa May 2026: Top 10 African Billionaires & Their Net Worth
2026.05.05 2026.05.05 Who Is the Richest Man in Africa and How They Built Their Wealth Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Africa has more countries than any other continent. However, despite its size, it has fewer billionaires than even Australia. Much of the wealth held by Africa’s richest individuals is concentrated in commodities and telecommunications. Even so, companies owned by African billionaires are…
Chart Art: GBP/CAD Reversal Pattern Confirmation Soon?
GBP/CAD looks tired from its climb and has formed a head and shoulders pattern on its 4-hour time frame. Are we about to see a reversal soon?
AUD/USD remains stuck in a range as RBA signals a pause and US-Iran stalemate extends
FUNDAMENTAL OVERVIEW USD: The US dollar started the week on a positive note following rising tensions in the Strait of Hormuz. Yesterday, we got reports and denials about Iran firing on US ships in the Strait which gave the greenback a boost. Trump said the US sank 6 Iranian fast boats while Iran denied it. Iran also launched a…
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