While exports did not jump by as much as expected they grew much faster than in June. Imports beat. Exports to: China +7.2% y/y the EU -5.3% y/y the US +7.3% y/y USD/JPY dropped to under 145.00 earlier and is sitting around 145.27 in Tokyo morning trade. This article was written by Eamonn Sheridan at www.forexlive.com.
Elliott Wave Analysis of Global Stock Indices: S&P 500, NASDAQ, DAX & More Stock Market Indices Overview: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200 – Featuring Elliott Wave Technical Analysis Dive into an in-depth Elliott Wave analysis of major global stock indices, including the S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100,…
The U.S. dollar reached its lowest point of the year on Tuesday as market participants anticipated the Federal Reserve’s upcoming interest rate cuts. The dollar has dropped to levels not seen since early January, reflecting expectations that the U.S. central bank will begin lowering rates next month. This decline is factoring in a “soft landing” and rate cuts, which…
Via Bloomberg overnight was the report on moves to further prop up, or try to, China’s troubled property sector. While Bloomberg is gated, the basic gist is that China is considering a new strategy to support its struggling real estate market by allowing local governments to use special bonds to purchase unsold homes. Such bonds are typically reserved for…
The Dow Jones Industrial Average cycled familiar territory on Tuesday. The equity index is holding near 41,000.00 as investors take a breather. Equities poised for further upside as investors brace for Jackson Hole. The Dow Jones Industrial Average (DJIA) churned on Tuesday, eking out a fresh two-week high near the 41,000.00 handle but overall holding close to the day’s…
2024.08.20 2024.08.20 US Dollar May See Sell-off. Forecast as of 20.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As stock indices continue to rally, the derivatives market points to a high risk of a sell-off in the US dollar. The currency is sold on rumors of Jerome Powell’s possible dovish rhetoric. When is it time to buy on the facts? Let’s discuss this topic…
The Philly Fed released its latest non-manufacturing survey earlier today and most of the numbers weren’t headline grabbing. The main index was strong with a rise to +8.3 from -10.0 but there was a sharp break lower in full-time employment, particularly in firms that were planning to cut full time employment. The drop raises some questions about the strength…
The JPY has been on a wild ride in recent weeks, gaining over 14% against the US Dollar (USD) in just 18 trading days before retreating about 4% to stabilize around 147. Structurally, we continue to expect a weaker JPY, albeit now from a higher level, Commerzbank’s FX strategist Volkmar Baur notes. USD/JPY to strengthen over the course of…
2024.08.20 2024.08.20 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.08.2024 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: Highlights and key points BTCUSD: the pair is expected to continue declining in correction (2) toward 55901.27. Consider short trades at the current level with…
Israel – Iran A spokesman for the Islamic Revolutionary Guard in Iran today laid out an uncertain timeline for an attack on Israel in response to the assassination of Hamas’ political leader in Tehran. “Time is on our side and it’s possible that the waiting period for this response will be long,” Islamic Revolutionary Guard Corps Spokesman Ali Mohammad…