An article of the Wall Street Journal mentioned that a Federal Judge threw out a pair of subpoenas that the Justice Department issued to the Federal Reserve Chair Jerome Powell. The US District Judge James Boasberg, in a decision unsealed Friday, ruled the subpoenas were improper, a blow to the US Attorney Jeanine Pirro’s criminal investigation versus Powell. Pirro, a…
2026.03.13 2026.03.13 USD/CHF: Elliott Wave Analysis and Forecast for 13.03.26–20.03.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below 0.8038 with a target of 0.7420–0.7200. A sell signal: the price holds below 0.8038. Stop Loss: above 0.8038, Take Profit: 0.7420–0.7200. Alternative scenario: Breakout and consolidation above 0.8038 will…
One of the most-unbelievable moments this year (and there have been many already) was a Sunday-night video from Fed Chairman Jerome Powell where he fought back after he was handed a subpoena due to cost overruns in Fed renovations. It was a clear politicization of the Fed and meant to pressure Powell to lower rates, resign or not stay…
US President Donald Trump said on Saturday that the US struck military targets at a strategic Iranian outpost in the Persian Gulf and warned it could hit oil infrastructure next if Tehran keeps disrupting energy flows in the Strait of Hormuz, intensifying the two-week conflict in the region. Trump noted in his post on Truth Social: “Moments ago, at…
2026.03.13 2026.03.13 EUR/USD: Elliott Wave Analysis and Forecast for 13.03.26–20.03.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below 1.1669 with a target of 1.1370–1.1185. A sell signal: the price holds below 1.1669. Stop Loss: above 1.1669, Take Profit: 1.1370–1.1185. Alternative scenario: Breakout and consolidation above 1.1669 will allow the…
Markets: WTI crude oil up $2.23 to $97.96 Gold down $53 to $5025 US 10-year yields flat at 4.28% S&P 500 down 48 points to 6625 Bitcoin up 1.3% USD leads, NZD lags There was some sense of the war doves throwing in the towel today, at least in the short term. News that the US was sending over…
The Euro finalized the week posting losses of over 1.74% against the Greenback and 0.84% in the day. The EUR/USD posted four bearish days after falling below the 200-day Simple Moving Average (SMA) at 1.1672, turning the pair bearishly biased. At the time of writing, the pair trades at 1.1414. EUR/USD Price Forecast: Technical Outlook Weekly analysis The EUR/USD…
2026.03.13 2026.03.13 GBP/USD: Elliott Wave Analysis and Forecast for 13.03.26–20.03.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below 1.3482 with a target of 1.3000–1.2700. A sell signal: the price holds below 1.3482. Stop Loss: above 1.3482, Take Profit: 1.3000–1.2700. Alternative scenario: Breakout and consolidation above 1.3482 will allow the…
The US-Iran war ran the FX show this week — rewarding the dollar and punishing energy importers, while the Aussie defied the gloom and the pound got stagflation’d.
Stocks fall as geopolitical risks remain elevated The major US stock indices closed lower on the day and also finished the week in negative territory as geopolitical tensions in the Middle East continue to weigh on market sentiment. With the conflict involving Iran showing few signs of easing, investors remain cautious about the potential for a broader and more…
