Oil prices retreat from recent highs Brent crude oil fell 2.1% to $77.23 per barrel on Friday as immediate fears of US military intervention in the Middle East subsided. The decline came after President Trump announced he would delay any decision on striking Iran for at least two weeks. Despite Friday’s retreat, oil remains on track […]
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
2025.06.20 2025.06.20 Short-Term Analysis for Oil, Gold, and EURUSD for 20.06.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Short-term forecast for
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $72.92 per barrel, down from Thursday’s close at $75.06.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $75.06 after its previous daily close at $77.32. WTI Oil FAQs WTI Oil is a type of Crude
Akazawa is mainly reaffirming that even with the deadline closing in, that shouldn’t mean that Japan should compromise its position and stance in trade talks with the US. He told reporters earlier today that: “To avoid any misunderstanding, I would like to confirm that I have not said at all that July 9 is the
BOJ Governor Kazuo Ueda will speak in a few hours time Trump will hold a US National Security Meeting on Friday New Zealand PM to meet China President Xi to discuss trade and regional tensions JP Morgan maintains bearish dollar outlook as growth slows and global policy diverges UK’s Lammy and US’ Rubio met on
JP Morgan is sticking to its bearish view on the U.S. dollar, arguing that a combination of moderating U.S. growth, robust global policy support, and waning investor appetite for U.S. assets continues to point toward further dollar weakness. In a note to clients, the bank outlined several persistent drivers behind its negative USD stance. These
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
The Bank of Japan will on Friday release the minutes from its monetary policy meeting on April 30-May 1, highlighting a busy day for Asia-Pacific economic activity. At the meeting, the BoJ left its interest rate unchanged at 0.50 percent and lowered its growth projections, citing trade tariff threats. Inflation outlook for fiscal 2025 and
Russia’s Deputy PM Alexander Novak said on Thursday that OPEC+ should follow through with plans to raise oil production, citing increased demand during the summer. Novak said it was time to return some of the 2023 voluntary cuts to the market to help balance supply. Eight OPEC+ members (Saudi Arabia, Russia, UAE, Iraq, Kuwait, Oman,
Taiwan’s central bank retained its key interest rate at its June meeting on Thursday as the policy board observed that the current rate level would help sustain sound economic and financial development on the whole. The central bank board unanimously decided to maintain the key discount rate at 2.0 percent. In addition, the rate on
Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well
WTI Crude trades near $74.58, up over 2.5% on the day after hitting an intraday high of $75.54. Israeli strikes on Iranian infrastructure spark fresh supply concerns and add a ~$10 per barrel geopolitical premium. Technicals remain bullish: price holds well above the 21-day EMA near $66.80; RSI at 74.21 signals overbought conditions. West Texas
The oil market continues to attract steady bids on speculation that the US will join the war in Iran, with Iran potentially closing the Strait of Hormuz in response. Brent crude daily Brent is now up $2.10 to $78.80 and at the highest since January. it’s risen about $13 since the first signs of hostilities.
Q1 GDP rose 0.8% q/q, slightly above our 0.7% forecast and stronger than the RBNZ’s 0.4%. Services and manufacturing drove the gains, while construction stabilised after a year of contraction. The economy has now posted back-to-back q/q expansions, but output remains below potential, Standard Chartered’s economists Bader Al Sarraf and Nicholas Chia report. Perfecting the
2025.06.19 2025.06.19 Vaulta (EOS) Forecast: AUSD (EOSUSD) Price Prediction for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Vaulta (formerly EOS) is a blockchain platform designed to facilitate the development of decentralized applications (dApps) and smart contracts. The project’s primary objective is to address the challenges of scalability, transaction speed, and high transaction fees. Launched in
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
