With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 […]
Dollar is under broad-based pressure today as safe-haven demand unwinds, but the scale of the selloff remains surprisingly modest considering the dramatic move in oil markets. Brent crude has plunged from above $95 just a day ago to below $86, one of the sharpest declines since the Iran conflict began, as investors increasingly price the
2026.06.12 2026.06.12 WTI Crude Oil: Elliott Wave Analysis and Forecast for 12.06.26–19.06.26 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 92.06 with a target of 78.00–65.00. A sell signal: the price holds below 92.06. Stop Loss: above 93.00, Take Profit: 78.00–65.00. Alternative
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Key takeaways SpaceX’s historic US$75 billion IPO marks a major milestone for global equity markets, with the company debuting at a valuation approaching US$1.8 trillion and positioning itself as a future top-weight constituent of the Nasdaq 100. Despite overwhelming investor demand and heavy oversubscription, the SpaceX grey market remains technically fragile, with the SPCX/USDT perpetual
I’ve had my fair share of dealing with the US-Iran copium today and we now have to just wait and see if the deal signed will be the one portrayed by Iran here. It points to the US offering major concessions in what will be another TACO moment. And if so, you have to wonder
Share price reflects improved fundamentals Rolls-Royce’s share price has risen dramatically since the beginning of its turnaround, reflecting a transformation in investor sentiment as profitability and cash generation have exceeded expectations. The rally has been supported by upgraded financial targets, the reinstatement of dividends and a sizeable share buyback programme, all of which signal management’s confidence
Hungary’s industrial production expanded at a slower pace in April, as estimated initially, the latest data from the Hungarian Central Statistical Office showed on Friday. The volume of industrial production rose an unadjusted 0.9 percent annually in April, much slower than the 6.7 percent sharp rebound in March. The overall expansion was driven by a
2026.06.12 2026.06.12 Middle East Peace Weighs on Greenback. Forecast as of 12.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The easing of geopolitical tensions in the Middle East and the rally in global stock markets have outweighed concerns over the ECB’s stance and the acceleration of US producer prices. Let’s examine their impact and develop a trading plan for the
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Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
Financial markets staged a powerful relief rally after US President Donald Trump abruptly called off planned military strikes against Iran and declared that diplomatic discussions had reached the “highest level of Iranian leadership.” Trump later suggested that a peace agreement could be finalized as soon as this weekend, potentially leading to the reopening of the
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A near-unanimous expectation of a hold leaves limited scope for a market surprise on Tuesday, with attention shifting to the RBA’s forward guidance and how it characterises Middle East-driven inflation risks. The split over the September outlook, with a notable minority still pricing further hikes, suggests AUD and rates markets remain sensitive to incoming inflation
The statement reads primarily as posturing aimed at domestic and regional audiences, asserting strength rather than explicitly rejecting any deal. Still, the rhetoric of continued strikes and a closed Strait of Hormuz reinforces the disconnect between Washington’s framing of an imminent agreement and the security situation on the ground. For oil markets, the signal is
The Australian dollar hovered near $0.70 and was poised to end the week largely unchanged, as investors awaited next week’s policy decision from the Reserve Bank of Australia. Markets are increasingly factoring in the possibility that the RBA has already ended its tightening cycle, with the impact of this year’s three rate hikes starting to
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade
