Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the Strait of Hormuz remains closed following the US-Israel attack on Iran in late February. Summary: Opec+ nations including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed to raise crude output by 188,000 bpd in June The
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Sun: OPEC+ Mon: Holiday: UK May Bank Holiday, Holiday: Japan’s Greenery Day, Turkish Inflation (Apr), Global Manufacturing PMI (Apr), US Factory Orders (Mar) Tue: RBA Policy Announcement (May), BCB Minutes (Apr), Holiday: Japan’s Children’s Day, Swiss Inflation (Apr), US Building Permits Final (Mar), Canadian Balance of Trade (Mar), Canadian PMI (Apr), US PMI Final (Apr),
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside ahead. Technically and fundamentally, Dollar is now skating on thin ice, with recent price action suggesting the near-term rebound has
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Markets: S&P 500 up 0.3% Gold down $7 to $4615 US 10-year yields down 1.8 bps to 4.37% WTI crude oil down $2.68 to $102.68 USD leads, JPY lags It’s Friday, so there is the usual angst about Trump escalating the Middle East war. That led to some late selling in equities and some buying
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Semafor reports: President Donald Trump notified Hill leaders on Friday, the 60th day of the Iran war, that US hostilities with Tehran are over — for now — and thus don’t need congressional authorization. There is some confusion about what the War Powers Act as it says the president needs to seek authorization from Congress
Global markets will continue to track developments around a potential new round of US–Iran talks, with equities, bonds, currencies, and energy-intensive commodities still moving largely in step with oil prices. On the data front, the US labor market remains in focus: the nonfarm payrolls report will headline the calendar, alongside the JOLTS job openings figures
Well this is worrisome: Not satisfied with Iran’s latest proposal Not sure we’re going to get a deal We’re negotiating by phone I just had a conversation with Iran We now have talks going on, they’re not getting there options: either blast them away or make a deal, when this war ends oil, gas and
2026.05.01 2026.05.01 XAU/USD: Elliott Wave Analysis and Forecast for 01.05.26–08.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,493.40 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,493.40. Stop Loss: below 4,420.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below
Manufacturing activity in the U.S. expanded for the fourth consecutive month in April, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI came in at 52.7 in April, unchanged from March. While a reading above 50 still indicates growth, economists had expected the index to
Ethereum has slowly broken out of its October downtrend that had led to its progressive, but brutal 64% correction. Global disinterest for high-beta, AI and Tech assets had shun interest for Cryptocurrencies but with the Conflict turning the script on Energy prices, hence normal consumption, traders slowly turned away from traditional assets. The idea is
Dollar remains firmly on the defensive as markets head into the US session, with selling pressure picking up once again. Despite a busy geopolitical backdrop, the greenback is being weighed down by a strong risk-on environment that continues to dominate market thinking. April delivered a powerful signal for equities. US stock markets closed the month
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2026.05.01 2026.05.01 USD/CHF: Elliott Wave Analysis and Forecast for 01.05.26–08.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 0.7765 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7765. Stop Loss: below 0.7725, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below
