Gold Returns to the Spotlight. Forecast as of 07.08.2026

2026.08.07 2026.08.07 Gold Returns to the Spotlight. Forecast as of 07.08.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Throughout the conflict in the Middle East, gold remained in the shadow of other assets amid concerns that rising inflation could prompt the Fed to tighten monetary policy. However, de-escalation is changing the game. Let’s discuss this topic and outline a trading plan.  The article covers…

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Hormuz deal hopes rise as talks progress  – Reuters

A US official said on Friday that there is progress in Oman-Iran talks and that a deal could be signed soon, according to Reuters. Once the deal is announced, this would restore commercial shipping in the Strait of Hormuz, and the US would lift the blockade.  Meanwhile, another official told ABC News that a temporary route was discussed and…

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USD/CAD: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26

2026.08.07 2026.08.07 USD/CAD: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26 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 1.4082 with a target of 1.3900–1.3820. A sell signal: the price holds below 1.4082. Stop Loss: above 1.4125, Take Profit: 1.3900–1.3820. Alternative scenario: Breakout and consolidation…

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Baker Hughes US weekly oil rig count: Unchanged at 588

Oil +3 to 454 Nat gas -3 to 124 The US hasn’t been able to bring on much oil production since Trump came to office. The mantra of producer discipline is finally taking hold. I’d also be vary wary of adding given how quickly oil has dropped every time there has been a sign of peace. This article was…

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GDP revision and forecast upgrade – DBS

DBS Group Research expects Singapore’s final 2Q26 GDP to be revised up to 5.9% year-on-year and 1.3% quarter-on-quarter seasonally adjusted, driven by stronger manufacturing and services. With first-half growth above trend, the team sees a high chance the government will raise its 2026 GDP forecast to 4.0–5.0%, while still highlighting significant uncertainty and downside risks. Growth beats trend, forecast…

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USD/CHF: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26

2026.08.07 2026.08.07 USD/CHF: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26 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 0.8206 with a target of 0.7755–0.7593. A sell signal: the price holds below 0.8206. Stop Loss: above 0.8245, Take Profit: 0.7755–0.7593. Alternative scenario: Breakout and consolidation…

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