BNY’s Head of Markets Macro Strategy Bob Savage notes a sharp divergence between CNY forwards and spot, suggesting hedge unwinding alongside asset outflows. CNY has outperformed peers, yet the bank questions its safe haven role as spot flows show large outflows tied to expatriation. PBoC officials reiterate they will not use depreciation for competitiveness and aim to keep the…
2026.03.06 2026.03.06 XAU/USD: Elliott Wave Analysis and Forecast for 06.03.26–13.03.26 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 4,840.00 with a target of 6,000.00–6,500.00. A buy signal: the price holds above 4,840.00. Stop Loss: below 4,840.00, Take Profit: 6,000.00–6,500.00. Alternative scenario: Breakout and consolidation below 4,840.00 will allow the…
Is Bitcoin still acting like “digital gold” or moving as a risk asset these days? In the span of just a few days, BTC/USD swung nearly $10,000 as it tumbled sharply on war fears then surged wildly on diplomatic hopes. If you’re confused about why Bitcoin is moving like a tech stock during a geopolitical crisis instead of holding…
The Atlanta Fed GDPNow estimate for Q1 has declined to 2.1% from 3.2%. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2026 is 2.1 percent on March 6, down from 3.0 percent on March 2. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, the…
USD/JPY rises and challenges the 158.00 figure on Friday, up over 0.20% after the latest US employment report signaled weakness in the labor market. Also, the Middle East conflict deteriorates market mood, maintaining the US Dollar (USD) bid during the week. US Dollar holds firm on risk aversion even as NFP miss boosts Fed cut bets February’s Nonfarm Payrolls…
2026.03.06 2026.03.06 Top Richest People in Vietnam: Billionaires List Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ In the dynamic economic landscape of Southeast Asia, Vietnam stands out for its rapid economic growth, which has created a new generation of Vietnamese billionaires with fortunes worth billions of dollars. The richest man in Vietnam has long become more than just a subject of curiosity; it is…
By definition, black swan events are unexpected and extremely difficult to predict. It’s possible that we could see huge gaps, wild swings, and increased volatility during big events… or we could see no movement at all. Remember the time when the Swiss National Bank (SNB) surprised the markets with the decision to stop defending EUR/CHF’s 1.2000 floor? The move…
In the video above, I take a look at the technicals driving the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – as the price action defines the bias, the risk and targets during the news driven market. That news will shift – at least temporarily to the US jobs report and the retail sale. The US…
OCBC strategists Sim Moh Siong and Christopher Wong highlight that recent US labour data and escalating Middle East tensions are supporting the Dollar. Stabilising jobless claims and sharply lower Challenger layoffs precede a key payrolls release that could shift the Federal Reserve toward a more symmetric stance. A stronger-than-expected jobs report is seen as potentially alleviating US growth concerns…
2026.03.06 2026.03.06 WTI Crude Oil: Elliott Wave Analysis and Forecast for 06.03.26–13.03.26 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 63.60 with a target of 87.00–95.50. A buy signal: the price holds above 63.60. Stop Loss: below 63.60, Take Profit: 87.00–95.50. Alternative scenario: Breakout and consolidation below 63.60 will…
