Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the recent strong appreciation of the NZD has been mostly driven by the US Dollar side of the equation. After the recent more…
The US will be revising last year’s non-farm payrolls data.
2024.08.21 2024.08.21 Bulls Lured into Trap. Forecast as of 21.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The EURUSD rally has been driven by a number of factors, including shrinking divergence in economic growth, strong demand for pro-cyclical currencies, improving global risk appetite, and other factors. However, it is worth considering whether the euro has risen too high. Let’s discuss this issue and make…
EUR/GBP can’t seem to make new weekly highs above a technical resistance area. Will this week’s Euro Area PMI releases extend EUR/GBP’s August downtrend? We’re taking cues from the Euro Area PMI Event Guide and the pair’s 1-hour chart: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free…
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FX option expiries for Aug 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0890 847m 1.1000 1.4b 1.1025 911m 1.1100 1.1b USD/JPY: USD amounts 146.60 742m 146.75 957m 148.00 780m USD/CHF: USD amounts AUD/USD: AUD amounts USD/CAD: USD amounts NZD/USD: NZD amounts EUR/GBP: EUR amounts
Earlier this week, Canada’s downbeat CPI report spurred a bullish EUR/CAD triangle break. Can the upcoming EU PMI figures spur a retest and continuation of the climb? Here’s what number crunchers are projecting for the region’s manufacturing and services business surveys. This Article Is For Premium Members Only Become a Premium member for full website access,…
Bloomberg is gated, in brief from the interview with Katsunobu Kato, a potential candidate for the country’s next prime minister: Japan should continue to aim for a world where interest rates and prices keep moving “It’s clear that we have to head in this direction” where prices and rates aren’t stagnant caution is still needed for the immediate future…
Gold price shot to a fresh all-time peak on Tuesday amid dovish Fed-inspired USD selling bias. Geopolitical tensions further contributed to driving flows towards the safe-haven XAU/USD. Bulls take a pause and await more cues about the Fed’s rate-cut path before placing fresh bets. Gold price (XAU/USD) climbed to a fresh record high, around the $2,531-2,532 area on Tuesday…
2024.08.20 2024.08.21 Economic calendar for the week 26.08.2024 – 01.09.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar is facing pressure due to the latest US inflation data. Investors are increasingly expecting a rate cut at the Fed’s September 17-18 meeting. In addition, some economists are still predicting that the Fed will cut rates by 100 bps this year. The upcoming week…