India’s RBI may have sold around $12bn in gold in the two weeks to May 22 to shore up foreign exchange reserves strained by high oil prices and a weakening rupee, Bloomberg Economics estimates. Summary: Source: Times of India, citing Bloomberg Economics analysis Bloomberg Economics estimates the RBI sold approximately $12 billion in gold during […]
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Copper prices continue to ratchet higher as the tightness in the market that’s been predicted for years begins to bite. I’ve been writing for years that copper is the simplest investment thesis anywhere and it continues to play out according to the script. There simply isn’t enough to meet the coming demand for AI and
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Ethereum ETF flows reverse sharply Spot Ethereum ETFs have remained a major focus for investors throughout 2026. Earlier in May, Ethereum benefited from strong ETF demand as institutional investors increased exposure. ETF products recorded significant inflows during April and early May, helping Ether break above key resistance levels around $2,400. BlackRock’s ETHA and Fidelity’s FETH
📉 Technology Takes a Hit The technology sector saw a mixed bag with notable declines. Microsoft (MSFT) fell by 3.62%, and Oracle (ORCL) dropped 3.26%, leading the losses in software infrastructure. Conversely, Nvidia (NVDA) maintained positive momentum with a 1.82% gain, highlighting some investor confidence in semiconductors despite challenges elsewhere. 🏦 Financials Make a Comeback
The Japanese Yen is once again approaching the intervention red line around 160 per dollar, despite growing confidence that the Bank of Japan will raise interest rates later this month. Overnight index swaps are currently pricing around an 80% probability of a June rate hike from 0.75% to 1.00%. Under normal circumstances, the prospect of
2026.06.02 2026.06.02 Bull vs. Bear Markets: What’s the Difference Between Bullish and Bearish? Artem Shashkovhttps://www.litefinance.org/blog/authors/artem-shashkov/ The stock market is a constantly evolving system where the decisions and emotions of millions of investors influence price movements. These movements are typically described as either bull markets or bear markets. These terms refer to more than just rising
Nvidia pushes into the PC chip market with the RTX Spark Nvidia used its appearance at Computex to announce a move that could reshape the consumer computing landscape. The RTX Spark superchip pairs a Blackwell GPU with an Arm-based Grace CPU and 128GB of unified memory — and marks Nvidia’s first serious entry into the
Consumer price inflation in Croatia eased in May from a 30-month high in the prior month, flash data from the Croatian Bureau of Statistics showed on Tuesday.The consumer price index climbed 5.2 percent year-on-year in May, slower than the 5.8 percent rise in April, which was the highest inflation since October 2023.The overall price growth
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Eurozone inflation has given EUR/CAD a reason to stay bid, but perhaps not yet a reason to break much higher. The stronger-than-expected rise in core CPI to 2.5% yoy and the acceleration in services inflation to 3.5% yoy have effectively cemented expectations for a 25 basis point ECB rate hike next week. For now, that
2026.06.02 2026.06.02 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.06.2026 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 price may rise in impulse [5] to the previous high. Consider long positions with a
FUNDAMENTAL OVERVIEW USD: The US dollar has been mostly rangebound for the past months with bouts of weakness on positive US-Iran headlines, and strength on negative developments. Last week, it gained ground in the first part of the week on heightened tensions in the Strait of Hormuz as US and Iran continued to exchange fire
Flash inflation from the euro area and mortgage approvals from the UK are the top economic news due on Tuesday.At 3.00 am ET, Spain’s labor agency is scheduled to publish unemployment data for May. Unemployment is forecast to decline 56,800 compared to a drop of 62,700 in April. At 3.00 am ET, preliminary consumer price
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Nvidia CEO Jensen Huang said the company has secured supply for robust AI growth but remains supply constrained, speaking at Computex in Taipei where he reaffirmed a $150bn annual Taiwan investment. Summary: Source: Nvidia CEO Jensen Huang, Computex press conference, Taipei Huang said Nvidia has secured supply for robust growth across CPUs and GPUs but
