Author name: The Forex Feed

2026.05.05 2026.05.05 Who Is the Richest Man in Africa and How They Built Their Wealth Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Africa has more countries than any other continent. However, despite its size, it has fewer billionaires than even Australia. Much of the wealth held by Africa’s richest individuals is concentrated in commodities and telecommunications. Even so, companies owned […]

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2026.05.05 2026.05.05 Yen Jumps Briefly After Intervention in Forex. Forecast as of 05.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As long as oil prices continue to rise and the Bank of Japan refrains from raising interest rates, carry traders are likely to continue selling the yen. Against this backdrop, Japan’s currency interventions are unlikely to be effective or to

The broader market mood continues to be driven by US-Iran developments and after the he said, she said episode yesterday, we’re seeing a rather quiet period today. The US continues to reaffirm that it is establishing some presence in the Strait of Hormuz, while Iran is maintaining that they are the ones still in control.

​​​Macro update ​Geopolitics weigh on risk sentiment: Asian equities fell and European futures pointed lower as renewed US-Iran strikes in the Gulf undermined a fragile truce and kept investors risk-averse. ​Oil remains elevated despite pullback: Brent and WTI eased after recent sharp gains but stayed above $100 per barrel, with disruption risks in the Strait of Hormuz maintaining a

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Key takeaways RBA decision in focus with hawkish bias: Markets are pricing a third consecutive 25 bps hike from the Reserve Bank of Australia to 4.35%, with guidance from Governor Bullock key for shaping expectations on further tightening and AUD direction. AUD/USD holding bullish structure for now: AUD/USD remains supported above 0.7130 within an ascending

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The USS Truxtun and USS Mason transited the Strait of Hormuz under a sustained Iranian barrage of small boats, missiles and drones, entering the Persian Gulf without either vessel being struck, per US defense officials. Summary: Two US Navy destroyers, the USS Truxtun and USS Mason, successfully transited the Strait of Hormuz and entered the

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