The labour market is weakening “but not weak” As price pressures ease, officials need to be conscious of their mandate of maintaining full employment The narrative now is that the Fed is slowly conforming to market expectations for a rate cut next month. I reckon Powell should reaffirm that at Jackson Hole next week. However, they’re steering clear of…
Gold price regains some positive traction following the overnight post-US CPI decline. Persistent geopolitical risks and Fed rate cut bets continue to offer support to the metal. A modest USD uptick and a positive risk tone could act as a headwind for the XAU/USD. Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of the record peak and…
2024.08.14 2024.08.14 Euro May Surge to August Peaks. Forecast as of 14.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The major currency pair is poised to resume an upward trajectory as investors shift their focus to the divergence in monetary policy between the ECB and the Fed. Let’s delve into this topic and make a trading plan for the EURUSD pair. The article covers…
The U.S. dollar weakened today against major currencies as inflation showed signs of easing, which further supported the possibility of a Fed interest rate cut in September. The U.S. consumer price index (CPI), a key measure of inflation, rose 2.9% annually, just 0.1% below June’s rate. This decrease was in line with market forecasts and marked the first time…
Japanese GDP for the April to June quarter of 2024 is better than the contraction in Q1. +0.8% q/q expected 0.5%, prior -0.6% QQ Annualised is +3.1% expected +2.1%, prior -2.3% Private consumption q/q +1.0% … up for the first time in 5 quarters expected +0.5%, prior -0.6% External demand q/q -0.1% expected -0.1%, prior -0.5% Capital Expenditure q/q…
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr addressed a New Zealand Parliament committee early Thursday, stating that the New Zealand central bank is maintaining a suitably-restrictive policy stance and the RBNZ is likely looking at gauging when to enact further cuts. Key highlights CPI returning sustainably to target band of 1-3% Current economic conditions are poor New…
2024.08.14 2024.08.14 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.08.2024 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 may fall to the previous low of 49073.60. Consider short trades at the current level with…
Look out for potential intraday moves on AUD pairs this week, as the Land Down Under is gearing up to print its July jobs figures. Here’s what market analysts are expecting for this top-tier event and how the numbers could affect the Australian dollar’s trends. This Article Is For Premium Members Only Become a Premium member for full…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
A persistent selling bias kept the Greenback’s price action subdued for yet another session, a view that was bolstered by further confirmation of the downward path of US inflation, as per July’s CPI data. Here is what you need to know on Thursday, August 15: The USD Index (DXY) dropped to multi-day lows near 102.30 on the back of…