Traders are still trying to grasp the significance of Friday’s historic move in the metals market after Kevin Warsh’s nomination to be the next Fed Chair. The price action was so extreme that it exceeded 99.9996% of typical volatility observations — a very rare 6-sigma event. Silver retested the $71.30 lows (!) after gapping down
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
The Reserve Bank of Australia could be the first major global central bank to hike rates in this cycle. We are set to get a decision on the cash rate at 10:30 pm ET and the consensus is for a 25 basis point hike to 3.85%. It’s far from a sure thing as economists only
The US Bureau of Labor Statistics (UBS) advised markets on Monday that Friday’s scheduled publication of the latest Nonfarm Payrolls (NFP) jobs data package will be suspended until federal government operations resume. According to the BLS’s official government website, “This website is currently not being updated due to the suspension of Federal government services. The
Markets are digesting the Friday announcement of Powell’s replacement as the next Fed Chair, taking effect in May 2026. In case you missed it, Kevin Warsh will take his spot. Discover: The Fed Chair has been picked: Who is Kevin Warsh? The announcement brought a wave of high volatility, combined with record pace January month-end flows.
Blackwell ramp-up should support sales Super Micro Computer Inc (SMCI) reports second quarter (Q2) earnings on 3 February 2026, with analysts expecting revenue of $10.432 billion, roughly flat year-on-year (YoY). The company should benefit from NVIDIA’s Blackwell graphics processing unit (GPU) ramp-up, with easing AI supply-chain bottlenecks supporting sales at or above the $10.5bn guidance midpoint.
2026.02.02 2026.02.02 Best Ways to Earn Passive Income From Crypto: 7 Proven Methods Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ Earning passive income from cryptocurrency is no longer a novelty. It has become a practical option for anyone looking to generate returns without diving into complex market analysis. As the market grows, regulations evolve, and DeFi infrastructure matures, income models
On Monday, both the STOXX 50 and STOXX 600 indices saw gains of 0.2%, rebounding from early declines as initial risk aversion gave way to renewed focus on corporate earnings reports. Market sentiment was also influenced by the prospect of Kevin Warsh, the newly nominated Chair of the Federal Reserve, adopting a more hawkish monetary
Dollar extended its rebound today, though upside momentum remains restrained. Price action suggests markets are still digesting recent shifts in policy expectations rather than embracing a full risk-off move. Attention remains on the implications of Kevin Warsh being lined up as the next chair of the Fed. While Fed rate cut probabilities have barely shifted,
Headlines: Markets: Gold down 2% to $4,792 but well off 10% drop earlier Silver down 1.8% to $83.68 but well off 16% drop earlier S&P 500 futures -0.3%, Nasdaq futures -0.6%; Nvidia pulls OpenAI investment European equities higher after weak start, DAX +0.9% USD leads, CHF lags on the day WTI crude oil down 5.3%
The UK manufacturing sector strengthened in January with growth in both output and new orders accelerating, final data from S&P Global showed Monday. The final manufacturing Purchasing Managers’ Index rose to a 17-month high of 51.8 in January from 50.6 in December and exceeded the earlier flash estimate of 51.6. Manufacturing output increased for the
Wild dollar swing upended FX options hedges – FX Markets Skip to main content End of drawer navigation content Banks chased vol higher as last week’s EUR/USD surge knocked out barrier trades The selloff in the US dollar last week against the yen and euro forced many foreign exchange options dealers to hurriedly buy back
Gold price extends correction to fresh monthly lows near $4,400 in European trading on Monday, pressured by some profit-taking. The precious metal continues its downtrend after reaching historic highs last week as Kevin Warsh’s nomination as the next Fed chair eases concerns over the US central bank’s independence, bolstering the US Dollar recovery. US ISM PMI Manufacturing PMI data
Several media reports have highlighted that US President Trump’s official announcement to nominate ex-Fed governor Kevin Warsh as the new Fed Chair is likely the driver that triggered the rampant sell-off in gold and silver due to his past remarks on his preference for a smaller US Federal Reserve’s balance sheet, which may lead to
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
Yen came under renewed pressure today after comments over the weekend from Japanese Prime Minister Sanae Takaichi suggested a softer stance on currency weakness. The shift in tone has been interpreted as reducing the near-term threat of official intervention, reopening the door for Yen sellers. In a campaign speech on Saturday, Takaichi highlighted the benefits
Fitch said India’s budget underscores macro stability and fiscal credibility, with growth seen steady. Summary: Fitch Ratings said India’s latest budget reinforces its commitment to macro stability, even as fiscal consolidation slows. The agency views the FY27 deficit target of 4.3% of GDP as modest progress, reflecting the growing difficulty of further consolidation. Fitch described
