2026.05.01 2026.05.01 USD/JPY: Elliott Wave Analysis and Forecast for 01.05.26–08.05.26 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 161.20, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the…

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Five central bank decisions, a confirmed FX intervention, oil breaking triple digits, and an FOMC vote split not seen in over three decades — the week of April 27–May 1 didn’t come to play. Markets spent Monday cautiously positioning before a calendar stacked with catalysts, and the FX complex spent the rest of the week reacting to the fallout….

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Markets: S&P 500 up 0.3% Gold down $7 to $4615 US 10-year yields down 1.8 bps to 4.37% WTI crude oil down $2.68 to $102.68 USD leads, JPY lags It’s Friday, so there is the usual angst about Trump escalating the Middle East war. That led to some late selling in equities and some buying in oil but the…

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AUD/USD holds to minimal gains of 0.10% late in the North American session, yet poised to finish the week up 0.84%. At the time of writing, the pair trades above 0.7200 as the ‘bullish engulfing’ chart pattern caps the Aussie on the downside. AUD/USD Price Forecast: Technical outlook From a technical perspective, the AUD/USD trades near the top of…

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2026.05.01 2026.05.01 WTI Crude Oil: Elliott Wave Analysis and Forecast for 01.05.26–08.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 91.50 with a target of 115.70–126.00. A buy signal: the price holds above 91.50. Stop Loss: below 89.50, Take Profit: 115.70–126.00. Alternative scenario: Breakout and consolidation below 91.50 will…

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The U.S. dollar ended Thursday as the session’s worst-performing major currency, weighed down by JPY intervention warnings, central bank holds, & a softer-than-expected U.S. GDP print

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Semafor reports: President Donald Trump notified Hill leaders on Friday, the 60th day of the Iran war, that US hostilities with Tehran are over — for now — and thus don’t need congressional authorization. There is some confusion about what the War Powers Act as it says the president needs to seek authorization from Congress for a war longer…

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USD/CAD edged higher by less than 0.1% on Friday, recovering from an early-session low near 1.3560 to trade around 1.3590. The pair has shed roughly 0.6% on the week after rolling over from the 1.3700 area mid-week, and momentum has appeared sluggish close to 1.3580 as a cluster of small-bodied candles points to indecision. The US-Iran conflict and the…

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2026.05.01 2026.05.01 XAU/USD: Elliott Wave Analysis and Forecast for 01.05.26–08.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,493.40 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,493.40. Stop Loss: below 4,420.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,493.40 will allow the…

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The U.S. advance Q1 2026 GDP missed expectations at 2.0% while core PCE inflation surged to 3.2% annually, a combination that supported the case for the Fed to stay on hold.

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