Chart Art: WTI Crude Oil (USOIL) Reversal Pattern Confirmation?
WTI crude oil could be done with its slide, as the pair formed an inverted head and shoulders pattern and appears to be busting through the neckline. Check out the potential targets!
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China Services PMI, May 2026 54.4 (expect 52.3, prior 52.6) fastest expansion in 3 months
China’s services PMI rose to 54.4 in May from 52.6, the fastest expansion in three months, with new orders growing for a 41st straight month and employment returning to growth. Earlier PMI data for the month: China’s services acceleration stands in sharp contrast to the stagnation and contraction visible in Japan and Australia’s May PMIs, and reinforces the view…
Japan Jibun Bank Services PMI in line with expectations (50) in May
Gold steadies below $4,500 after the previous day’s fall as traders await further clarity over US-Iran peace talks amid mixed signals. US President Donald Trump reiterated that peace talks were ongoing, while Iran said that it would suspend negotiations following fresh US strikes and an Israeli military operation in Lebanon. The uncertainty keeps geopolitical risk in play, which, along…
US Dollar Steadies Amid Mixed Signals on US-Iran Talks. Forecast as of 02.06.2026
2026.06.02 2026.06.02 US Dollar Steadies Amid Mixed Signals on US-Iran Talks. Forecast as of 02.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors are tired not only of geopolitical tensions but also of the uncertainty surrounding the US-Iran negotiations. The markets are optimistic about a peace agreement, but if that optimism turns into disappointment, the US dollar will once again see increased demand. Let’s…
Fundies Cheat Sheet Update: June 2, 2026
The Sunday cheat sheet set up June 1–5 as a classic NFP-week sequence — one where the labor data hierarchy from Monday’s ISM Manufacturing through Friday’s jobs report would largely determine whether the dollar’s post-PCE bearish structure continues or reverses. The Iran ceasefire situation was the wildcard layered underneath, with WTI’s behavior around $87 pegged as the early read…
Reserve Bank of India likely sold US$12bn in gold to defend rupee amid oil shock
India’s RBI may have sold around $12bn in gold in the two weeks to May 22 to shore up foreign exchange reserves strained by high oil prices and a weakening rupee, Bloomberg Economics estimates. Summary: Source: Times of India, citing Bloomberg Economics analysis Bloomberg Economics estimates the RBI sold approximately $12 billion in gold during the two weeks ending…
Year-end 2026 forecast raised to 62.7 against US Dollar – DBS
Philip Wee at DBS Group Research has raised his USD/PHP year-end 2026 forecast to 62.7 from 57.8, reflecting persistent external and domestic pressures. The closure of the Strait of Hormuz and higher Oil prices have widened trade deficits and pushed inflation well above target. Bangko Sentral ng Pilipinas (BSP) has reversed earlier easing but is reluctant to repeat the…
Forex Trading Tips: 15 Pro Tips & Tricks for Beginners
2026.06.02 2026.06.02 Forex Trading Tips for Beginners: How to Trade Forex Successfully Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ These Forex trading tips can help traders protect their capital and improve their chances of long-term success. While Forex trading attracts millions of participants, it is far more complex than it appears on social media. Many beginners treat the market like gambling, which often leads…
Event Guide: U.S. ISM Services PMI (May 2026)
The U.S. ISM services PMI for May can be influential in setting NFP expectations and dollar direction this week. Here’s what to look out for.
Trump to Iran: It is time to make a deal
Trump on TruthSocial is saying Trump says reports that the U.S. and Iran stopped communicating are false. He claims discussions between U.S. and Iranian officials have continued without interruption, including over the past several days. He emphasizes that talks were active four days ago, three days ago, two days ago, one day ago, and today. Trump acknowledges uncertainty about…
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