Gold jumped at the weekly open due to uncertainty around the Iran war but that quickly gave way to profit taking and it sagged down to $5300. Then a second and third wave of bids arrived in Europe and the US leading to a session high of $5419 before selling into the US close and a drop to $5260….
A commander in Iran’s Revolutionary Guard Corps (IRGC) said that the Strait of Hormuz is closed and Iran will fire on any ship trying to pass, Reuters reported on Tuesday. “The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze,” said Ebrahim Jabari,…
2026.03.02 2026.03.02 US Dollar’s Safe-Haven Status Questioned. Forecast as of 02.03.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The loss of confidence in the US dollar among international investors has prevented it from rising amid the escalating geopolitical conflict in the Middle East. Investors are turning to other assets. Let’s discuss this topic and make a trading plan for the EUR/USD pair. The article…
The ISM Manufacturing PMI slipped just 0.2 points to 52.4 in February, but it still topped the 51.8 forecast and stayed firmly in expansion territory. That makes it two straight months above 50, and only the third time in the past 40 months that manufacturing has managed to hold that line. While the headline figure pointed to continued resilience,…
New Zealand building consents rose 1.9% on a seasonally adjusted basis in January, clawing back some of December’s 4.5% decline. The monthly number is fine but the real story here is in the annual figures — and for the first time in a while, there’s something constructive to talk about. In the year ended January 2026, 36,944 new homes…
Argentina Tax Revenue (MoM): 16231.8B (February) vs previous 18337.6B
2026.03.02 2026.03.02 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.03.2026 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 the 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 62,400.00. XRPUSD:…
Something strange is happening on Wall Street. The same technology stocks that investors couldn’t stop buying for three straight years have suddenly become the thing they can’t sell fast enough. Over the past few weeks, a wave of AI-related anxiety has swept through the stock market, and it’s not just hitting the obvious names. Software companies, financial firms, logistics…
The EUR/USD experienced a sharp sell-off today, cascading from a high near the converged 100 and 200-hour moving averages (1.1786) down to a session low of 1.1671. While fundamental drivers sparked the volatility, the price action is currently being defined by a high-stakes tug-of-war between two major technical levels. The Support Zone: 200-Day Moving Average The primary downside target…
USD/CHF trades around 0.7800 on Monday at the time of writing, up 1.50% on the day, as the US Dollar (USD) extends gains that were already in place before the release of US manufacturing data. The Greenback had been strengthening since the start of the day, supported primarily by the war in the Middle East. Escalation in the region…
