Monthly Archives: January 2026
Jerome Powell, Chair of the Fed, faces threats of criminal charges over testimony regarding renovations

Written on January 12, 2026 at 11:33 am, by
Justice Department threatens Fed Chair Powell over testimony, raising concerns about Federal Reserve’s independence and interest rate policy.
The USD/CAD pair retreats from a nine-day high of approximately 1.3920 due to USD weakness

Written on January 12, 2026 at 11:32 am, by
USD/CAD weakens below 1.3900 as Fed concerns, oil prices, and economic data drive cautious trading.
Amid heightened tensions in Iran, WTI has risen to approximately $59.20 in early trading
Written on January 12, 2026 at 11:02 am, by
WTI oil rises on Iran unrest, U.S. military tensions, Venezuela crude returns, awaiting API stockpile data.
The People’s Bank of China establishes the USD/CNY reference rate at 7.0108, adjusting from 7.0128

Written on January 12, 2026 at 11:02 am, by
PBoC sets USD/CNY rate at 7.0108, aims for stability, growth, and financial market reform.
After hitting a three-week low, GBP/USD finds buyers near the 200-day SMA, recovering.

Written on January 12, 2026 at 10:32 am, by
GBP/USD rebounds as USD weakens on Fed independence concerns; traders await key US and UK data.
An inquiry has been launched into Jerome Powell by federal prosecutors concerning his congressional testimony.

Written on January 12, 2026 at 10:32 am, by
Federal Reserve Chair Jerome Powell under criminal investigation for possible misinformation to Congress about HQ renovation.
Amid expectations of a dovish Federal Reserve, the EUR/USD pair approaches 1.1650 during trading

Written on January 12, 2026 at 10:02 am, by
EUR/USD hovers near 1.1650 as weaker US job data fuels Fed rate pause speculation amid inflation trends.
Geopolitical tensions and anticipated US rate cuts drive gold prices to a new peak above $4,550

Written on January 12, 2026 at 9:32 am, by
Gold hits record $4,555 amid rate cut hopes, geopolitical tensions, and rising demand for safe-haven assets.
In the early Asian session, the USD/JPY pair rises above 158.00 due to Takaichi’s election considerations

Written on January 12, 2026 at 9:02 am, by
USD/JPY rises to 158.05 amid Japan election speculation and weaker-than-expected US job market data.
An early general election might be announced by Japan’s Takaichi for February, says coalition partner

Written on January 12, 2026 at 8:33 am, by
Japan’s Prime Minister may call early elections; Yen reacts to monetary policy shifts and yield differentials.