The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans. The recent intervention warnings and the risk-off mood do little to lend support to the JPY. An extension of the recent USD rally pushes the USD/JPY pair to a nearly three-month high. The Japanese Yen (JPY) remains on the back foot against its American counterpart and…
2024.10.22 2024.10.23 Economic calendar for the week 28.10.2024 – 03.11.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Last week, the US dollar continued to dominate the market while expectations of new aggressive interest rate cuts by the US Fed decreased. Meanwhile, the heads of other major global central banks continue to discuss the possibility of new cuts. The upcoming week, 28.10.2024 – 03.11.2024, will…
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…
EUR/USD lost another sixth of a percent on Tuesday, dipping below 1.0800. ECB Lagarde’s middling comments did little to support Fiber bids. EU and US PMI set to clash on Thursday. EUR/USD found further room on the low side on Tuesday, easing back another 0.16% and testing into a key technical barrier that could see fresh 16-week lows if…
News posted earlier: CDC: Severe E. Coli Outbreak Linked To McDonald’s (MCD) MCD shares were smashed, as you’d respect. Latest from the CDC: Cases: 49 Hospitalizations: 10 Deaths: 1 States: 10 This is a fast-moving outbreak investigation. Most sick people are reporting eating Quarter Pounder hamburgers from McDonald’s and investigators are working quickly to confirm which food ingredient is…
Gold price surges to an all-time high, nearing the $2,750 mark, supported by geopolitical tensions and expectations of further Fed rate cuts. Despite rising US Treasury yields, risk aversion and fears of a Trump presidency drive safe-haven demand for Gold. Traders are pricing in 42 bps of Fed rate cuts by year-end with 89.6% odds of a 25 bps…
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…
US Dollar experiences modest gains as the currency seems to have hit a ceiling after a furious rally in October. Ongoing economic outperformance remains a major theme underpinning higher US Treasury yields and USD strength. Wednesday’s Fed’s Beige Book report and Thursday’s S&P PMIs figures will be important. The US Dollar Index (DXY), which measures the value of the…
2024.10.22 2024.10.22 The Dollar Reasserted Its Dominance. Forecast as of 22.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Trump trade has offset the differing pace of monetary expansion between the Fed and the ECB as the U.S. presidential election approaches. However, this factor remains in play, pushing the EURUSD to the bottom. Let’s discuss it and make a trading plan. The article covers…
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…