The Euro (EUR) extends losses against the US Dollar (USD) on Friday, right below 1.1600 at the time of writing and nearing six-week lows, at 1.1584. Contradicting messages from the Middle East overshadow a string of fairly upbeat German macroeconomic data, while the focus now shifts to the swearing-in ceremony of the next Federal Reserve Chairman, Kevin Warsh. Risk…
2026.05.22 2026.05.22 GBP/USD: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 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 1.3553 with a target of 1.3150–1.2936. A sell signal: the price holds below 1.3553. Stop Loss: above 1.3590, Take Profit: 1.3150–1.2936. Alternative scenario: Breakout and consolidation above 1.3553…
GBP/USD is testing key levels as Sterling’s surprising resilience runs into weak U.K. growth and stubborn dollar strength.
The ECB will probably need to hike in June The ECB must show commitment to 2% target to stay credible Medium-term inflation expectations remain well anchored There’s not much evidence of indirect inflation effects ECB’s meeting-by-meeting approach is still valid Currently I don’t see need to go too far on rates 2026 inflation outlook likely to be revised higher…
The Swiss Franc (CHF) consolidates right below 0.7870 against the US Dollar (USD) on Friday. The pair retreated from the 0.7900 area over the previous two days, but remains steady within the weekly range, with investors wary of taking risks, amid confusing messages from the Middle East. The Iran-US peace deal seems stalled, amid divergences in the nuclear issue…
2026.05.22 2026.05.22 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 22.05.2026 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 final part of a bullish impulse continues developing. Consider long positions with a Take Profit at 83,132.33. XRPUSD: The price is…
Every month, thousands of purchasing managers — the people inside companies who actually buy the raw materials, hire the workers, and sweat the supply chains — fill out a survey about whether business is getting better or worse. The results get crunched into a single number called the Purchasing Managers’ Index (PMI). Think of it as a monthly temperature…
There have been plenty of mixed headlines in the past 24 hours. So, let’s do our best to catch up and make sense of what is happening in the Middle East conflict. First, there was that report yesterday that Iran’s supreme leader had issued a directive calling for near-weapons-grade uranium stockpile to not leave the country. That was subsequently…
EUR/JPY remains flat for the second consecutive day, trading around 184.70 during the Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is positioned on the upper boundary of an emerging descending wedge pattern, indicating a potential for a bullish reversal. However, the EUR/JPY cross is holding beneath both the nine-period and 50-period…
NZD/JPY has been consolidating inside an ascending triangle and appears ready for another test of resistance. Will it hold or fold?
