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
SanDisk (NASDAQ: SNDK) surged over 1000% since its IPO last year and it shows no signs of slowing. Today, we decode the Elliott Wave structure behind its powerful breakout. Consequently, our analysis charts a precise path to higher targets. This technical blueprint reveals a compelling setup fueled by pure momentum. Elliott Wave analysis SNDK rallied
(Partial video transcript) This week’s trading opportunity What I would like to do this week is to go short Brent crude oil. Now, there are several reasons. One is that the rally we saw the last few days because of heightened geopolitical tensions, in my opinion, is going to soon start to fizzle out, and that the
With the economic calendar nearly empty, markets are fixated on the escalating political risk surrounding Fed Chair Jerome Powell, who is now under federal criminal investigation linked to the renovation of the Fed’s headquarters and his congressional testimony on the matter. The move has taken markets by surprise, particularly given that Powell’s term as Fed
Bitcoin looks lacklustre Since the beginning of 2026, Bitcoin has traded in a more measured and nuanced environment, shaped by macroeconomic uncertainty, evolving institutional participation and shifting investor sentiment. Rather than extending the sharp correction seen at the end of last year, Bitcoin has settled into a broad consolidation phase, with prices oscillating mainly between the
2026.01.12 2026.01.12 Yen Weakens Amid BoJ Doubts And Political Uncertainty. Forecast as of 12.01.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Prolonged pauses in the monetary policy cycles of the Fed and the Bank of Japan, coupled with the growing risks of a trade war between Tokyo and Beijing, make it more likely that the upward trend in the USD/JPY
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
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News of a US criminal investigation into Fed Chair Jerome Powell dominated global financial headlines, injecting a fresh dose of political risk into markets. While the investigation itself was unsettling, the sharper jolt came from Powell’s unusually direct response, which framed the episode as part of a broader campaign to pressure the central bank. In
2026.01.12 2026.01.12 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 12.01.2026 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. The article covers the following subjects: Major Takeaways BTCUSD: Wave (Z) may target the 80,770.57 level. Consider short positions. XRPUSD: The price is expected
The USD/JPY outlook remains modestly bullish, as poor risk sentiment benefits the dollar more than the yen. Japan’s PM could call for an early election, keeping the yen under pressure. Speculations about the Fed’s independence could limit the dollar’s rally in the short term. The USD/JPY pair trades near a one-year high as the Japanese
Indonesia’s retail sales growth moderated for the first time in four months in December, preliminary data from the Bank Indonesia showed on Monday. Retail sales rose 4.4 percent year-on-year in December, slower than the 6.3 percent surge a month ago. Sales have been rising since May. The overall growth was supported by spare parts and
The December payrolls number was on the softer side but the unemployment rate dropped back a little to 4.4% (unrounded 4.375%). The latter seems to be enough to convince some market analysts that the labour market is at least holding up as we get into the new year, with the Fed likely not too much
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The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) at the start of the week. The USD/INR pair trades firmly near the weekly high of 90.66 as the Indian Rupee underperforms due to rising oil prices and the continued outflow of foreign funds from the Indian stock market. Currencies from
