The GBP/USD fell by some 0.20% on Thursday amid concerns that the US and Iran couldn’t reach a deal, while strong US economic data was a headwind for Sterling, which dipped amid weakening UK business activity. At the time of writing, the pair trades at 1.3406 after peaking near 1.3454. GBP/USD slips as stronger US data offsets weekly gains…
2026.05.21 2026.05.21 How to Trade EURUSD — Best Forex Strategies Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The euro/dollar (EURUSD) currency pair is among the most traded pairs in the Forex market, favored for its high liquidity, narrow spreads, and substantial trading volumes. Its popularity stems from the strong interest of both institutional and retail traders, making it an appealing choice for beginners and…
NZD/CHF broke below its ascending triangle support! Can a pullback to this area still attract more sellers to sustain the potential selloff?
Al Jazeera report, Ali Hashem, posted this on X which triggered downside in oil, USD and upside in stocks: “A senior Iranian official denied to me reports that Supreme Leader Mujtaba Khamenei has issued a new order requiring enriched uranium to remain inside Iran, saying they are “propaganda by the enemies of the deal”. The official added “no new…
OCBC’s FX Strategist Christopher Wong notes the Dollar Index eased as lower UST yields and softer Oil prices reduced safe-haven demand, with the Federal Open Market Committee (FOMC) minutes adding no new hawkish impulse. He highlights ongoing bullish daily momentum but signs of an overbought reversal. US Dollar Index (DXY) is consolidating, with resistance around 99.40 and 100.50/60 and…
2026.05.21 2026.05.21 Brent Set to Skyrocket As Hormuz Closure Drains Global Inventories. Forecast as of 21.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The oil market remains relatively stable thanks to existing buffers and ongoing market adjustments. As the saying goes, the best cure for high prices is high prices themselves, since elevated costs eventually weaken demand. However, this self-correcting market process takes time….
Australia’s labour market delivered a sharp negative surprise in April, with employment falling for the first time since November and the unemployment rate climbing to its highest level since late 2021. The miss against expectations raised doubts about near-term RBA tightening and sent the Australian dollar broadly lower. Key Takeaways Employment fell 18,600 (m/m) in April to 14,737,400, badly…
Germany’s finance ministry just reported a €41 billion federal budget deficit at the end of April earlier today. For a country that has long been the “frugal superpower” of Europe, the deficit number is quite the red flag for something at this stage of the year. It all continues to point to major economic and structural strain, suggesting Germany’s…
Standard Chartered’s Nicholas Chia argues that softer Australian labour data and activity indicators support the view that the Reserve Bank of Australia has likely peaked its cash rate at 4.35%. The bank highlights rising unemployment, weaker PMI and moderating wage growth, and sees a high bar for further hikes, with potential easing only if activity deteriorates sharply. Softer labour…
2026.05.21 2026.05.21 Short-Term Analysis for Oil, Gold, and EURUSD for 21.05.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is trading in a short-term…
