Prime Minister Sanae Takaichi may be looking to capitalize on high personal approval ratings and a honeymoon period to consolidate power in the lower house. A Yomiuri report says she’s mulling dissolving the lower house for a snap election in mid or mid-February. Takaichi became the first woman ever to lead Japan’s dominant ruling party after winning leadership of…
Oil prices came under pressure in the middle of the week. This was triggered by a statement by US President Trump on his social media platform that the US would buy 30-50 million barrels of sanctioned Oil from Venezuela. The plan is to purchase Venezuelan Oil, which is stored in tankers and could not be exported due to the…
2026.01.09 2026.01.09 USD/CAD: Elliott Wave Analysis and Forecast for 09.01.26 – 16.01.26 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 the level of 1.3950 with a target of 1.3434 – 1.3250. A sell signal: the price holds below 1.3950. Stop Loss: above 1.3950, Take Profit: 1.3434 –…
EUR/CHF made a couple of failed attempts to break below the .9280 area and is now completing a double bottom pattern. Can it break above the neckline next? Or will it see another dip back to the lows? Better keep your eyes on this resistance zone currently being tested! EUR/CHF 4-hour Forex Chart by TradingView After staging a steady…
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so…
The Pound Sterling (GBP) trades near its weekly low around 1.3420 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair is under pressure as the US Dollar rallies further ahead of the United States (US) Nonfarm Payrolls (NFP) data for December, which will be published at 13:30 GMT. During the press time, the…
2026.01.09 2026.01.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.01.2026 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 to decline in the…
Welcome to the first NFP Friday of the year! If you’re hunting for more USD-related setups, you may want to keep USD/JPY on your radar as it has been grinding higher this week and is now closing in on a major resistance area. Does USD/JPY run into trouble here, or are we looking at an upside breakout starting to…
The inflation story might have stolen the spotlight for quite a while in the past two years but come what may, there’s nothing quite like the US non-farm payrolls data. And now with the focus on the Fed outlook shifting back to the labour market, the report today will once again draw plenty of eyes and attention from markets…
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet. The price for Gold stood at 40,665.54 Pakistani Rupees (PKR) per gram, down compared with the PKR 40,774.89 it cost on Thursday. The price for Gold decreased to PKR 474,314.90 per tola from PKR 475,590.40 per tola a day earlier. Unit measure Gold Price in PKR…
