2026.06.02 2026.06.02 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.06.2026 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 price may rise in impulse to the previous high. Consider long positions with a Take Profit at 82,857.77….

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Stronger than expected ISM services PMI backed by an uptick in employment and inflation could bolster hawkish Fed expectations, but the dollar’s reaction could depend on risk sentiment. Our Event Guide for the ISM Services PMI points out that an upside surprise could spark enough risk-on flows that lift commodity currencies against the safe-haven dollar. Here’s what I’m seeing…

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There are just a couple of expiries to take note of on the day, as highlighted in bold below. The first ones are for EUR/USD layered between 1.1600 to 1.1625. The expiries don’t tie to any technical significance but could act as a floor level in keeping price action more in check during the session ahead. That especially the…

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USD/CHF moves little after registering modest gains in the previous day, trading around 0.7870 during the Asian hours on Tuesday. The pair steadies as the US Dollar (USD) remains firm on increased safe-haven demand after Tasnim news agency indicated that Tehran has halted indirect negotiations with the United States. Traders await the Swiss Trade Balance data release due later…

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EUR/NZD is fast approaching a key inflection point after a sharp downswing! Think the bears are just waiting for an opportunity to pounce?

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Last updated: June 1, 2026, 10:48 PM ETInstrument: S&P 500 futures contractCurrent analytical score: -4 / +10Market state: Failed bullish repair / bearish control returning into lower-value test Key takeaways for today’s S&P 500 traders S&P 500 futures failed to sustain the upper repair attempt above the 7620-7632 area. Sellers regained short-term control after price rejected the upper-value zone…

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The EUR/USD pair posts modest gains around 1.1635 during the early Asian session on Tuesday. Nonetheless, the potential upside might be limited, as Iran announced a halt to US negotiations and a full closure of the Strait of Hormuz, which could prompt risk-off sentiment. The preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone will be…

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Monday’s session was a study in geopolitical whipsaw, as markets lurched between risk-off and risk-on on the Iran-US nuclear negotiations front while a blowout ISM Manufacturing PMI sharpened the hawkish case for Federal Reserve policy. Iran’s suspension of nuclear talks in protest over Israeli strikes in Lebanon pushed equities sharply lower at the US open, before President Trump announced…

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Commerzbank (note from Friday) raised its Brent forecast to $90/bbl by end-September and $85 by year-end, up from $80 for both, citing Hormuz closure, inventory draws and a slow Gulf output recovery. Summary: Brent forecast raised to $90/bbl by end-September and $85 by year-end, up from a prior $80 for both periods, on the assumption the Strait of Hormuz…

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BNP Paribas reports that Chinese GDP growth accelerated to 5.0% year-on-year in Q1 2026 from 4.5% in Q4 2025, but is expected to slow moderately over the year. The bank highlights a K-shaped trajectory, with dynamic exports but sluggish domestic demand and ongoing property sector stress. Authorities are seen maintaining supportive but modest fiscal and monetary policies, while deflationary…

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