Prelim was 55.5 Prior was 56.6 Conditions 55.8 vs 57.8 prelim Expectations 51.7 vs 54.1 prelim 1-year inflation 3.8% vs 3.4% prelim (prior was 3.4%) 5-year inflation 3.2% vs 3.2% prelim (prior was 3.3%) The University of Michigan Survey of Consumers is one of the most closely watched gauges of US household confidence. Based on telephone interviews with roughly…
The US Dollar (USD) keeps marching higher against the Canadian Dollar (CAD) on Friday. The pair extends gains for the fifth consecutive day, trading at the highest levels in more than two months, changing hands at 1.3860 at the time of writing, as investors brace for an extended Middle East conflict. The Canadian Dollar remains offered, on track for…
2026.03.27 2026.03.27 XAU/USD: Elliott Wave Analysis and Forecast for 27.03.26–03.04.26 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 4,081.50 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,081.50. Stop Loss: below 4,081.50, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,081.50 will allow the…
Oil prices are again rising into triple digit levels due to the lack of any breakthrough in the US-Iran “negotiations” and the increasing risk of an escalation over the weekend. Trump has been jawboning prices throughout the entire week with ceasefire comments and claims that Iran has been “begging” him for a deal. Meanwhile, the US military buildup in…
Nordea’s Jan von Gerich notes that despite intense Middle East headlines and large market swings, Oil has not broken to new highs in recent weeks, while German yields have surged and equities weakened. He highlights that Nordea’s baseline assumes easing conflict and limited lasting impact on energy prices, though the probability of this benign scenario has clearly fallen. Energy…
2026.03.27 2026.03.27 USD/CHF: Elliott Wave Analysis and Forecast for 27.03.26–03.04.26 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 0.8040 with a target of 0.7420–0.7200. A sell signal: the price holds below 0.8040. Stop Loss: above 0.8040, Take Profit: 0.7420–0.7200. Alternative scenario: Breakout and consolidation above the…
AUD/USD just slid to fresh monthly lows after breaking below a key consolidation zone. Will the pair pull back up to the broken support zone? Here’s what’s showing up on the 4-hour chart: AUD/USD 4-hour Forex Chart Faster with TradingView “Risk” and gold-linked currencies like the Australian dollar took hits this week as the U.S.-Israel war with Iran dragged…
Prior +1.8%; revised to +2.0% Retail sales +2.5% vs +2.1% y/y expected Prior +4.5%; revised to +4.8% Retail sales (ex autos, fuel) -0.4% vs -0.8% m/m expected Prior +2.0%; revised to +2.2% Retail sales (ex autos, fuel) +3.4% vs +2.9% y/y expected Prior +5.5%; revised to +5.9% The drop here isn’t as bad as estimated, and that comes despite…
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday after a holiday the previous day due to Ram Navami celebrations. The USD/INR pair rises to near 94.60, very close to its all-time high of 94.75, as market sentiment remains cautious amid confusion over peace talks between the United States (US) and Iran to end the…
If you’ve been watching the yen lately, you’ve noticed that USD/JPY, the currency pair that tells you how many yen one dollar buys, has risen to a number that makes Japanese officials nervous: 160. Right now, the pair is trading around ¥159–159.54. Traders consider this an “Intervention Zone,” an area where the Japanese government has previously said, “Enough is…
