Fundamental Background UK GDP grew by 0.6% in the first quarter of 2026, notably above the revised 0.2% reading recorded in the fourth quarter of 2025. The main contribution came from the services sector, which expanded by 0.8%. Nevertheless, strong macroeconomic data failed to support sterling: CPI inflation accelerated to 3.3% year-on-year in March, up…
The global prop trading industry is evolving rapidly and traders are becoming more selective than ever. As thousands of retail traders search daily for the best prop firms, instant funded accounts, and fast payout trading platforms, a new generation of firms is emerging to challenge the old model. One of the names increasingly gaining attention…
After completing the correction at $4098.74 on the March 23 low, Gold (XAUUSD) initiated a rally in a clear impulsive structure. From that level, wave (1) advanced and concluded at $4890.97. The subsequent pullback in wave (2) finished at $4500.46, as reflected in the one‑hour chart. Following this retracement, the metal resumed its upward movement…
Key Highlights USD/JPY started a decent upward move above 157.20. A key rising channel is forming with support at 157.65 on the 4-hour chart. EUR/USD could extend losses if it settles below 1.1650. GBP/USD corrected some gains and might revisit 1.3300. USD/JPY Technical Analysis The US Dollar remained supported and recovered above 157.00 against the…
US retail sales rose 0.5% mom in April, matching market expectations and reinforcing the view that consumer demand remains resilient despite rising inflation pressures and elevated interest rates. Core readings were slightly firmer, with retail sales excluding autos rising 0.7% mom, above expectations of 0.6% mom, suggesting underlying household spending momentum remains relatively healthy. The…
Risk sentiment remained broadly stable on Thursday as US equity futures edged higher alongside European stocks, extending the optimistic tone already dominating global markets this week. But while equities continued drifting along the existing AI- and liquidity-driven rally, oil markets delivered a far more cautious verdict on the opening phase of the Trump-Xi summit in…
Electronic trading major Interactive Brokers Group, Inc (NASDAQ:IBKR) today announced the launch of a first-of-its-kind unified interface for trading prediction markets across three leading US prediction market platforms — Kalshi, CME Group, and ForecastEx. IBKR’s Prediction Markets offering enables investors to access and trade contracts across all three prediction market exchanges from a single platform,…
Online trading company FxPro today announced the launch of Discover Hub on its mobile app. Built to help traders uncover opportunities faster and stay informed, the new tab combines two powerful Trading Central features in one place. Trading Signals Users can access actionable signals across multiple asset classes and filter by market group. Each signal…
Knowing how to trade is just as important as knowing where to trade. The platform you use every day affects how quickly you can act on analysis, how well your charts connect to your orders, and how much friction there is between a good idea and a trade that actually happens. If you use TradingView…
2026.05.14 2026.05.14 What Is the Petrodollar and How Does It Affect the Global Economy? Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ What is the petrodollar, and why has this concept shaped the architecture of the global economy for decades? The term describes a mechanism in which oil is traded mainly in US dollars, while oil exporters reinvest their oil revenues…