2026.06.17 2026.06.17 Brent Plummets On Optimism Over US-Iran Deal. Forecast as of 17.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The most severe oil shock in recent history failed to push prices to record highs. Brent is rapidly retreating toward its pre-conflict levels, even though a formal agreement between the United States and Iran has yet to be signed. What
Macro update Brent crude extends its decline as peace hopes improve the supply outlook: Further details of the interim US-Iran agreement suggest sanctions on Iranian oil exports could be eased and the Straits of Hormuz, which handles around one-fifth of global crude and LNG shipments, could eventually reopen, although the timing of a full recovery
2026.06.17 2026.06.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2026 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 is rising in the third part of a bullish correction. Long trades can be
The tech-heavy Nasdaq 100 is the most rate-sensitive of the major US benchmark stock indices. If the Fed removes its easing bias and the dot plot shifts higher (implying one rate hike in 2027), the Nasdaq 00 should underperform the Dow Jones Industrial Average and S&P 500. Monday’s monstrous gap-up rally in the US Nasdaq
CPI +0.2% vs +0.4% m/m expected Prior +0.7% CPI +2.8% vs +3.0% y/y expected Prior +2.8% Core CPI +0.3% vs +0.4% m/m expected Prior +0.7% Core CPI +2.6% vs +2.7% y/y expected Prior +2.5% The headline estimates were softer than expected but when viewed as a whole, UK inflation developments were little changed from April
Australia’s leading index signalled sluggish and below-trend growth in May, Westpac said Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose slightly to -0.17 percent in May from -0.18 percent in April. Westpac
The DOW is sending a very different message from the rest of Wall Street. While the S&P 500 and NASDAQ spent much of the past two sessions showing signs of caution ahead of today’s FOMC rate decision, the DOW Jones Industrial Average pushed to a new record high. Under normal circumstances, traders would be reluctant
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The CNY 300 billion special bond announcement is the most market-concrete element of the statement and signals Beijing is moving from acknowledging bank capital stress to actively addressing it. Chinese bank stocks, particularly mid-tier and regional lenders most exposed to local government financing vehicles, may find near-term support on the recapitalisation signal. The explicit commitment
Key takeaways Global markets paused ahead of the Federal Reserve meeting, with investors reducing risk exposure before Fed Chair Kevin Warsh’s first policy decision and updated economic projections. The S&P 500 slipped 0.6%, while the Nasdaq 100 fell 1.9%. The collapse in crude oil prices continues to reshape the macro narrative, as WTI plunged to
The value of core machinery orders in Japan was up a seasonally adjusted 8.7 percent on month in April, the Cabinet Office said on Wednesday – coming in at 1,098.5 billion yen. That exceeded expectations for an increase of 1.2 percent following the 9.4 percent drop in March. On a yearly basis, orders jumped 15.6
2026.06.16 2026.06.17 Weekly Economic Calendar for 22.06.2026–28.06.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The coming week wraps up the month, the quarter, and the first half of the year. That combination often brings extra volatility as investors rebalance their portfolios. During the week of June 22–28, 2026, traders will be keeping a close eye on key economic data from
New Zealand posted a seasonally adjusted current account deficit of NZ$4.6 billion in the first quarter (NZ$1.01 billion unadjusted), Statistics New Zealand said on Wednesday. The current account deficit for the year ended March 2026 narrowed to NZ$16.3 billion (3.6 percent of GDP) compared with a NZ$18.3 billion deficit for the March 2025 year (4.2
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Oil has shed more than 7% across two sessions on the back of the deal, with prices sliding to fresh three-month lows as markets price in the return of Iranian barrels. The speed of the sell-off reflects how much of a risk premium had been embedded during the Hormuz blockade, but traders are cautious: industry
Markets: S&P 500 down 0.6% Nasdaq down 1.1% WTI crude oil down $4.12 to $76.63 US 10-year yields down 3 bps to 4.44% EUR leads, CHF lags Gold up $26 to $4333 Oil continued to plummet on Tuesday as it fell another $4. After the bell, the API private inventory numbers showed another huge drawdown
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