Macro update Wall Street posts modest gains: United States (US) equity markets closed slightly higher, with the S&P 500 up 0.2% at an intraday record and the Nasdaq 100 gaining 0.5%, underpinned by strength in technology stocks and Walmart. Walmart boosts index performance: Walmart shares rose 2.7% after confirmation it will join the Nasdaq 100 on […]
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
The US Dollar Index outlook remains range-bound after a decline triggered by concerns about Fed independence. Markets await the release of US CPI data, which could influence the Fed’s monetary policy expectations. Technically, the index consolidates, but the overall trend remains constructive in the short term. The US Dollar Index is moving in a tight
2026.01.13 2026.01.13 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 13.01.2026 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 the Elliott wave analysis. Our previous scenarios remain relevant. The article covers the following subjects: Major Takeaways BTCUSD: Wave (Z) may target the 80,770.57 level. Consider short positions.
Yen came under renewed and intense pressure during Asian session, as domestic equities surged more than 3% to new record highs following the market reopening. The catalyst behind the equity rally — and Yen’s decline — remains growing conviction that Japanese Prime Minister Sanae Takaichi is preparing to call a snap general election in February.
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It is reported that she has conveyed to a ruling party executive of her intention to dissolve parliament’s lower house, which could set up for a snap election in either early or the middle of February. The next ordinary Diet session is scheduled for 23 January and that is the timing in which Takaichi is
US mutual funds slash short euro positions at record pace – FX Markets Skip to main content End of drawer navigation content Counterparty Radar: Pimco cut $4.6bn of EUR/USD puts in Q3 amid changing stance on dollar direction US mutual fund and exchange-traded fund managers cut $7 billion of euro/US dollar FX options positions during
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The Australian Dollar declines against the US Dollar on Tuesday following the release of Australia’s Westpac Consumer Confidence, which fell 1.7% month-over-month (MoM) in January to a three-month low of 92.9, extending December’s sharp 9.0% drop amid shifting rate expectations. Reserve Bank of Australia (RBA) Governor Michele Bullock is expected to comment on concerns over
Summary: Nikkei and Topix surge to record highs Markets play catch-up with Wall Street rally Early election speculation boosts fiscal hopes Weak yen lifts exporters; Katayama comments fade Global risk appetite outweighs Fed concerns Japanese equities surged to record highs on Tuesday as markets played catch-up with Wall Street’s recent rally and investors leaned into
Gold Price (XAU/USD) jumps to near $4,600 during the early Asian session on Tuesday. The precious metal extends the rally after retreating from a fresh record high of $4,630 in the previous session amid uncertainty and geopolitical risks. The US Consumer Price Index (CPI) inflation data for December will take center stage later on Tuesday.
Things will get quite busy in the next 24 hours. Today’s evening session will start with a speech from the very influential NY Fed Williams at an International Economics event (look for clues regarding the upcoming Rate Decision and his views for 2026). For the rest, mid-tier data for Australia, Japan, and the UK between
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The U.S. Treasury will auction $39 billion of 10 year note of the top of the hour. The six-month average as of the major components will be compared to the actual results to determine relative strength or weakness of the auction. The 6 month averages shows: Tail 0.1 basis points Bid to cover 2.51X Directs
Nomura has hired Mark McMillan as its global head of electronic foreign exchange, based in London. In the newly created role, McMillan will oversee the bank’s electronic FX business, encompassing trading, sales, quant and strats, according to an internal memo seen by FX Markets. Chris Torrington, global head of eFX trading and Ben Robson, global
Federal Reserve Chair Jerome Powell revealed on Sunday that the U.S. central bank has been served subpoenas by the Department of Justice that threaten criminal charges, raising concerns that the Trump administration is trying to undermine the institution’s independence. “On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a
