The New York Times is out with an article on Fed Chairman Jerome Powell: Powell cultivated deep Congressional ties anticipating political backlash. GOP Senators Tillis and Thune publicly backed the Fed Chair, support went beyond what Powell expected Even critic Kevin Cramer credits Powell’s relationship-building skills Trump may rethink his nominee choice amid Senate pushback When the Justice Department…
The US Dollar (USD) lacked directional momentum this week amid geopolitical and local uncertainty. On the one hand, the United States (US) President Donald Trump continued threatening Iran with military interventions, taking down the tone by the week’s end, but noting that all options are still on the table. On the other hand, the Federal Reserve (Fed) is facing…
2026.01.16 2026.01.16 Amazon Stock Analysis: AMZN Price Prediction for 2026, 2027, 2028–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Amazon confidently maintains its status as one of the leading players in the IT industry despite the consequences of massive layoffs in the technology sector and changes in the company’s strategy. Amazon is actively adapting to new market conditions, focusing on developing cloud…
You may not always notice it, but where you put your focus has a big impact on your trading progress. A trader who spends an hour fully locked in on the charts will likely execute more quality setups than someone who splits that same hour between charts and a Discord channel. Meanwhile, a trader who only watches AUD/JPY on…
Prior was 39 Current single-family home sales 41 vs 42 prior Prospective buyers 23 vs 26 prior Home sales expectations over the next six months 49 vs 52 prior In the past month, US 30-year yields have ticked 5-7 basis points higher but there have been signs of buyers wading in via the latest existing home sales report. NAHB…
The Swiss Franc (CHF) edges higher against the US Dollar (USD) on Friday as the Greenback softens after a data-driven rally that pushed it to over one-month highs. At the time of writing, USD/CHF is trading near 0.8015, down about 0.25% on the day. US economic data released this week painted a resilient picture of the economy. Weekly Initial…
2026.01.16 2026.01.16 XAU/USD: Elliott Wave Analysis and Forecast for 16.01.26–23.01.26 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 the level of 4,403.95 with a target of 4,850.00–5,050.00. A buy signal: the price holds above 4,403.95. Stop Loss: below 4,403.95, Take Profit: 4,850.00–5,050.00. Alternative scenario: Breakout and consolidation below the…
Improved risk sentiment got traders breaking GBP/AUD’s consolidation pattern! Will the technical breakout lead to the start of a trend for the currency cross pair? Here’s what we’re seeing on the 4-hour time frame: GBP/AUD 4-hour Forex Chart by TradingView In case you missed it, the British pound got little help from November’s strong GDP print, as traders looked…
FUNDAMENTAL OVERVIEW USD: The US Dollar strengthened yesterday following strong US Jobless Claims data. Traders responded by erasing the dovish bets seen after the softer than expected US core inflation data. The total easing by year-end fell to 48 bps compared to 54 bps before the release. Fed members continue to support the current patient and data-dependent stance, and…
Euro (EUR) could drop to 1.1585 before stabilization can be expected; the major support at 1.1560 is unlikely to come under threat. In the longer run, weakness in EUR has likely resumed, with scope for a decline to 1.1560, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Major support at 1.1560 is unlikely to come…
