EUR/USD is currently trading the lower end of its year-long 1.1400-1.1800 range, having come under sustained selling pressure from the energy shock and fading ECB rate hike expectations. Improving business confidence readings and unexpectedly resilient industrial production data suggest the worst of the growth hit may be passing, which should reduce downside risk for the
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Crude oil futures settled at $68.55, down $0.14 (-0.20%) on the day. Prices traded between a high of $69.26 and a low of $67.82. From a technical perspective, buyers made an attempt to push above the falling 100-hour moving average, currently at $68.77, but the move lacked follow-through and quickly faded. Meanwhile, the 200-hour moving
European stock indexes pulled back from record highs on Monday, pressured by declines in consumer staples and major pharmaceutical companies. The Euro STOXX 50 slipped 0.2% to 6,398, while the STOXX Europe 600 lost 0.4% to close at 650. Among consumer defensive names, Anheuser-Busch InBev fell 4% and L’Oréal dropped more than 1%. In the
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2026.07.06 2026.07.06 How to Buy AST SpaceMobile Inc Stock (ASTS) Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ Imagine this: you are in the mountains, hundreds of kilometers from the nearest cell tower. You take out a regular smartphone — and it gets a signal. Not from a ground-based network, but from a satellite in orbit. AST SpaceMobile Inc. is turning
Growth in U.S. service sector activity slowed slightly in the month of June, according to a report released by the Institute for Supply Management on Monday. The ISM said its services PMI edged down to 54.0 in June after rising to 54.5 in May, although a reading above 50 still indicates growth. The modest decrease
Germany’s factory orders registered a stronger-than-expected rebound in May, raising hopes of gradual recovery, official data revealed Monday. Factory orders expanded 1.9 percent on a monthly basis in May, in contrast to the revised 3.2 percent decrease in April, Destatis reported. Orders were forecast to grow 1.1 percent. Excluding large scale orders, new orders increased
USD/JPY bulls are back. After last week’s intervention scare briefly knocked the pair lower, Yen selling returned today as the most obvious window for Japanese action passed without official intervention. Dollar’s rebound also helped, with markets now appearing to have fully absorbed the dovish surprise from June non-farm payrolls. But the sharper story is in
Energy and tech lead the pack Energy has seen the sharpest upgrade of any sector, with estimated earnings jumping nearly 50% since the end of March. The driver is oil, which averaged around 45% higher year-on-year through the quarter. Curiously, energy has also been the worst performer on price over the same period, falling around
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2026.07.06 2026.07.06 EuroStoxx 50 Hits New Record Highs. Forecast as of 06.07.2026. Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The EuroStoxx 600 posted its strongest quarterly performance since 2020. Improving prospects for the European economy, declining oil prices, expectations that the ECB will keep interest rates unchanged, and rising corporate earnings continue to support European equities. Let’s discuss this topic
Retail sales +0.2% vs +0.3% m/m expected Prior -0.4%; revised to -0.3% Retail sales +1.6% vs +1.6% y/y expected Prior +1.0%; revised to +0.9% Euro area retail sales bounced back in May after a more sluggish showing in April before this. The rebound was more broad-based with an increase in the volume of retail trade
Gold found its footing above $4,000 after June’s disappointing US payrolls report triggered broad-based Dollar selling and eased expectations for a near-term Fed rate hike. But the rebound is already losing momentum this week. The reason is simple: while payrolls surprised on the downside, the Fed’s bigger concern is not employment—it’s inflation. The post-NFP rally
2026.07.06 2026.07.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.07.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Short-term forecast for
Singapore’s retail sales expanded for the fourth straight month in May, data from the Department of Statistics showed on Monday. Retail sales climbed 3.0 percent year-on-year in May, though slower than the 5.4 percent rise in April. Sales of recreational goods alone grew 23.6 percent annually in May, and those of watches and jewelery were
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