Standard Chartered economists Jonathan Koh and Edward Lee revise their Bangko Sentral ng Pilipinas (BSP) policy rate path, dropping expectations for a 50bps off-cycle hike before the 18 June meeting. They still project a 50bps increase in June and 25bps in August as inflation risks persist and PHP weakness raises imported inflation concerns. Policy easing is only expected from…
2026.06.05 2026.06.05 USD/CHF: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 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 0.7793 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7793. Stop Loss: below 0.7755, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.7793 will allow the…
A look at the forces pushing gold lower, from the blowout jobs report and rising real yields to the dollar’s rebound, and the levels to watch next week.
Gold is under heavy selling pressure, falling $143, or 3.2%, to $4,333. The sharp decline has pushed the price below its 200-hour moving average for the first time since October 2023, a development that shifts the near-term technical bias more firmly in favor of the sellers. The move lower also broke below the 50% retracement of the rally from…
DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won. He links KRW softness to foreign investor profit-taking after a sharp KOSPI rally and warns that further outflows, limited exporter repatriation of overseas earnings, and persistently high Oil prices could destabilize the currency. Won vulnerable…
2026.06.05 2026.06.05 EUR/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 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 1.1685 with a target of 1.1407–1.1124. A sell signal: the price holds below 1.1685. Stop Loss: above 1.1725, Take Profit: 1.1407–1.1124. Alternative scenario: Breakout and consolidation above the…
The Baker Hughes rig count for the current week shows oil im inventories up 2 to 431 . Natural Gas inventories are down -1 to 124 and Total rigs are up 1 to 563. The decline in rigs has been hard since the peak above 1000 rigs back in early 2019. What is the stories behind the declines? 2018…
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market mood. At the time of writing, the pair trades at 0.5791, its lowest level in the last two months. The Bureau of Labor…
2026.06.05 2026.06.05 GBP/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 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 1.3505 with a target of 1.3140–1.2936. A sell signal: the price holds below 1.3505. Stop Loss: above 1.3545, Take Profit: 1.3140–1.2936. Alternative scenario: Breakout and consolidation above the…
Will leave interest rate decision to Warsh Would like to see lower interest rates Says the country is doing well, market should go up He would not mind if Warsh were to cut interest rates. Will leave rate cut to Warsh during October meeting. What is curious is his response that will leave rate cut to Warsh but cites…
