The party can’t last forever. Friday’s rally in stock markets — particularly in chip stocks — surprised me. The Fed was hawkish and stock market sold off during the FOMC press conference as bonds priced in a more-hawkish rate path. That all made perfect sense but then stocks immediately turned after the close and hit records on a few…
The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. GBP/USD trims losses as traders weigh Fed,…
2026.06.19 2026.06.19 How to Buy SpaceX Stock (SPCX) Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ SpaceX is no longer just Elon Musk‘s ambitious space project. It has become a leading force in the aerospace industry, driving down launch costs and opening new possibilities for commercial and government space missions. After years of anticipation, the company finally went public in one of the most talked-about…
Underneath the BOE headline hold at 3.75%, two members of the Monetary Policy Committee (MPC) broke ranks and voted to raise rates immediately.
A ‘senior US official’ cited by Reuters says that Israel and Lebanon have agreed to a ceasefire from 4 pm local time, which is just minutes from now. Oil prices gave up a 50 cent gain and turned negative on the headline. That’s now extended to being down 64 cents to $75.96. Earlier today, four Israeli soldiers were killed…
India FX Reserves, USD: $671.63B (June 8) vs previous $681.61B
2026.06.19 2026.06.19 USD/JPY: Elliott Wave Analysis and Forecast for 19.06.26–26.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 159.45 with a target of 165.00–170.00. A buy signal: the price holds above 159.45. Stop Loss: below 158.90, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below the level of 159.45…
The SNB kept its policy rate at 0%, in line with market expectations. So why did the Swiss franc still get smoked on Thursday?
ECB’s Wunsch said he would support another 25 bps hike if inflation data continues to come in stronger than expected, particularly after the recent rise in Eurozone services inflation. He said persistent upside surprises in inflation would justify further tightening as a precaution, though he added there is no need to rush into another move if the data remains…
The Japanese Yen (JPY) remains offered against the US Dollar (USD) on Friday, and the USD/JPY pair stands comfortably around 161.30, its highest level since 2024, way beyond the level that triggered an alleged intervention on April 30. Markets have remained oblivious to the Bank of Japan’s (BoJ) decision to hike rates to 31-year highs earlier this week. Speculative…
