2024.08.12 2024.08.12 Litecoin Price Prediction for 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Litecoin (LTC) cryptocurrency was created in 2011 by former Google employee Charlie Lee. Litecoin is based on the Bitcoin (BTC) protocol code, featuring a faster blockchain and lower reward per block. LTC ranks among the top 10 cryptocurrencies, second only to Bitcoin. These two digital assets are often…
Cooler producer price pressure in the U.S. fueled Fed rate cut speculations and inspired risk-taking in the markets. How did your favorite assets trade on Tuesday? Let’s look at the major headlines that took the spotlight: Headlines: Westpac: Australia consumer sentiment index improved from 82.7 to 85.0 in August on easing concerns of further RBA rate hikes Australia wage…
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…
The Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 25 basis points (bps) from 5.50% to 2.25%, following the conclusion of the August policy meeting on Wednesday. The market participants aniticpated a rates on-hold decision. developing story, please refresh the page for updates. This section below was published on Tuesday at 21:15 GMT as…
2024.08.13 2024.08.14 Economic calendar for the week 19.08.2024 – 25.08.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants continue to digest the latest US inflation data released last week. Meanwhile, more and more US central bank officials advocate for an interest rate cut at the upcoming Fed meeting scheduled for September 17-18. However, if the US macro data remains positive, the Fed may…
Today, in the U.S., the Producer Price Index (PPI) was released and showed an increase of only 0.1% in July, falling short of the expected 0.2%. Excluding food and energy, the core PPI remained flat. The year-over-year headline PPI showed a sharp drop from 2.7% in June to 2.2% in July. In response, market expectations shifted towards a faster…
Chief operating officer of Balckstone spoke on CNBC on TRuesday: US economy has been resilient but now there are signs of a slow down pointed specifically to weaker consumer sector says with inflation coming down, including in rental housing, the Federal Reserve could help the economy with rate cuts “… as this slowdown continues it gives the Fed room…
DXY index slips below 103.00 as US Producer Price Index figures disappoint. US economic growth continues to trend upwards, suggesting markets may be overestimating aggressive easing requirements. CPI is now in focus for a clearer inflation outlook. On Tuesday, the US Dollar (USD), measured by the US Dollar Index (DXY), showed a mild decline falling under the 103.00 level….
2024.08.13 2024.08.13 US Dollar Awaits Key Inflation Data. Forecast as of 13.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The evolving political and economic landscape has prompted questions about the EURUSD pair’s robust response to the US inflation data for July. However, the shift in the underlying dynamics suggests a different narrative. Let’s delve into this topic and make a trading plan. The article…
With markets pricing in strong odds of a September Fed rate cut, will the upcoming U.S. CPI still make a dent on the dollar’s trends? Or are there any potential surprises that could spark huge price swings? Here’s what to look out for when trading this top-tier news release. This Article Is For Premium Members Only Become…