OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won’s (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced. The Bank of Korea’s decision to hold rates at 3% while retaining a tightening bias and calling KRW undervalued is seen as supportive. They expect further KRW recovery but prefer buying on dips, citing unsettled global…
Biggest earnings week ahead: Can Microsoft, Alphabet and Amazon turn the Nasdaq tide? Or will the ships sink? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The week in one sentence: WTI prices surged while speculative longs were cut in the week to October 20, creating the clearest price/positioning divergence. Sterling and the Canadian Dollar led the constructive currency shift, while Yen longs also rebuilt. WTI: Rally outruns speculative conviction Speculators turned less constructive on the WTI, reducing their net exposure to around 89.3K contracts….
The oil and AI lanes started on top and ran the week. Every close stayed inside the map, but gold fell on the day yields fell.
Baker Hughes US oil rig count rises 1 to 460. Total rigs unchanged at 603 !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Akedo (AKE), Pepe (PEPE) and Pearl (PEARL) lead the crypto market this week, rising 25%, 21% and 12%, respectively. The gains come as Bitcoin (BTC), Ethereum (ETH), and XRP head into the weekend under pressure from macro developments. Best-performing cryptocurrencies: Akedo, PEPE, PEARL lead crypto market gains Akedo (AKE) WoW: 25% Akedo led the group with a 25% gain….
2026.10.23 2026.10.23 Risk Aversion Drags Gold Lower. Forecast as of 23.10.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Until recently, gold held up well despite rising Treasury yields and a stronger US dollar. When both factors turned in its favor, XAU/USD unexpectedly fell. What caused the drop? Let’s discuss this topic and outline a trading plan. The article covers the following subjects: Major Takeaways Gold is…
US expected to remove 50% tariffs on some Canadian products as soon as today – report !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Ethereum price today: $2,370 US spot Ethereum ETFs are on track for a fourth consecutive week of net outflows. The Coinbase Premium Index has dropped to its lowest level since June. ETH is testing the 100-day EMA and $2,355 support level. Ethereum (ETH) declined below $2,400 on Friday as risk-off sentiment continues to dominate US markets. US spot ETH…
2026.10.23 2026.10.23 USD/CAD: Elliott Wave Analysis and Forecast for 23.10.26–30.10.26 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 1.4300 with a target of 1.3548–1.3392. A sell signal: the price holds below 1.4300. Stop Loss: above 1.4345, Take Profit: 1.3548–1.3392. Alternative scenario: Breakout and consolidation above the…
