Consumer prices in South Korea were up a seasonally adjusted 0.1 percent on month in June, Statistics Korea said on Thursday. That was in line with expectations and down from the 0.5 percent increase in May. On a yearly basis, inflation accelerated to 3.2 percent – again matching forecasts and up from 3.1 percent in […]
Oil prices dropped to a four month low following Trump’s comments downplaying the risk of renewed conflict, with analysts cutting price forecasts for the first time since the war began. The unresolved status of the Strait of Hormuz remains the key swing factor for freight and energy markets, given the waterway’s outsized role in global
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Rate markets have already pared back conviction on a July move, with hike odds slipping from above 80% a week ago to a range now clustering around the high 60s to 70%. The retreat in crude toward the high USD60s a barrel, down sharply from the roughly USD101 assumed in the RBNZ’s May projections, is
Crude oil futures are settling at $68.58, down $0.92 (-1.32%) on the day. The session low reached $68.03, while the high topped out at $70.19. Today’s decline established a new cycle low, taking prices to their weakest level since February 27, the day before the Iran conflict began. For reference, crude settled at $67.28 on
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Crude oil inventories -3.775 million versus -4.466 million estimate. Gasoline -2.333 million vs -1.021 million estimate. Distillates +2.483 million vs -0.513 million estimate. Crude oil futures were trading at $68.80 prior to the report. The low prices today reached $68.22. The closing level on the day before the Iran war started was at $67.28. The
The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the European Central Bank has won an important battle against the recent energy-driven inflation shock. Headline inflation slowed from 3.2% to 2.8%, while core inflation eased from 2.6% to 2.4%, both undershooting market expectations. The figures suggest the
Bitcoin technical outlook From a technical perspective, Bitcoin remains under pressure despite showing tentative signs of stabilisation following its recent sell-off. Bitcoin bearish scenario Should Bitcoin fail to defend its recent 22-month low at $57,748.80, another wave of liquidation could emerge, exposing support around the mid-August-to-mid-September 2024 lows at $57,526.43-to-$56,148.93. Failure there may trigger a
2026.07.01 2026.07.01 What Are AI Crypto Coins? Maxim Tkachenkohttps://www.litefinance.org/blog/authors/maxim-tkachenko/ What is AI cryptocurrency? This is a question many people ask as the worlds of artificial intelligence and blockchain continue to converge. Unlike Bitcoin, which primarily serves as a store of value, AI cryptocurrencies combine AI and blockchain technology to create tokens with real-world utility. They
Sweden’s industrial economy expanded at the quickest pace in four-and-a-half years in June, survey data from Swedbank and the logistics association SILF showed on Wednesday. The purchasing managers’ index for the manufacturing sector rose to 58.3 in June from 57.4 in May. A reading above 50 indicates expansion, and the latest PMI reading was the
Macro update Yen falls to its weakest level in four decades: The dollar climbed to ¥162.84, its highest level since 1986, despite investors remaining alert to the possibility of intervention by Japanese authorities ahead of Thursday’s US employment report. Dollar strengthens as Treasury yields climb: A sharp overnight rise in US Treasury yields, with the
Key takeaways The S&P 500 ended Q2 2026 on a strong note, but technical momentum is showing signs of fatigue. A two-day rally lifted the index to its best quarterly performance since Q2 2020, although prices are now approaching a key technical resistance zone. Quarter-end institutional positioning and easing geopolitical tensions fuelled the rebound. Window
Silver traders are focused on Thursday’s US Non-Farm Payrolls report, but the metal’s next major move could begin a day earlier. After days of listless sideways trading, Silver has failed to generate any meaningful recovery despite stabilizing above recent lows. That lack of buying enthusiasm suggests the recent downtrend is still intact. Before payrolls even
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2026.07.01 2026.07.01 Short-Term Analysis for Oil, Gold, and EURUSD for 01.07.2026 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. Yesterday, gold tested
China’s manufacturing activity logged a robust growth in June, completing the strongest quarter since the fourth quarter of 2020, survey data released by S&P Global showed Wednesday. The RatingDog China manufacturing Purchasing Managers’ Index posted 51.7 in June, down from 51.8 in May. Although the score fell to a three-month low in June, it remained
