In our update from last week, we showed that the SP500 YTD responded quite well to mid-term election-year seasonality, therefore suggesting a low around March 13 and a high around March 20. We use “around” because these dates are approximately ±3 trading days. Fast forward to today, the index hit its lowest point on March 13 at $6632 and…
Why is it always the meme stocks where they find the fraud? Supermicro shares are getting absolutely destroyed on Friday, down 27% and hitting fresh 52-week lows after federal prosecutors unsealed an indictment charging three company associates — including co-founder Wally Liaw — with smuggling $2.5 billion in Nvidia-powered AI servers to China. The stock is trading around $24,…
The US Dollar (USD)i weakened this week, with the US Dollar Index (DXY) slipping back below 100.00 to 99.60 on Friday after a surge in the middle of the week driven by the Federal Reserve’s (Fed) decision to hold rates in the 3.50%-3.75% range. The war in Iran is nearing the end of its third week, with the Strait…
The price of gold is under notable pressure today, falling sharply by about $90, or -1.93%, to trade near the $4565 level. That decline has pushed the price back below its 100-day moving average at $4582.44—a key technical level that has served as an important barometer for trend direction over the past several months. Looking back to yesterday’s price…
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across global markets and persistent geopolitical tensions.
A Bloomberg report citing an Iranian official says that Iran is sticking to its hardline position on the Strait of Hormuz and unwilling to discuss opening it while it’s under attack. The report says: Iranian officials have become reluctant to even discuss reopening the Strait of Hormuz as they focus on surviving the US-Israeli onslaught, according to a person…
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across global markets and persistent geopolitical tensions.
CNN is out with a report highlighting the difficulty of reopening the Strait of Hormuz: US officials are furiously trying to avert a potential months-long closure of the Strait of Hormuz, privately acknowledging that reopening the key waterway is a problem without a clear solution The report from the Defense Intelligence Agency said it could remain shut from 1-6…
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across global markets and persistent geopolitical tensions.
2026.03.20 2026.03.20 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.03.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The last part of impulse 5 appears to be developing. Consider selling the asset with Take Profit at 61,111.15. XRPUSD: The…
