Yen Does Not Know What It Wants. Forecast as of 21.10.2024

2024.10.21 2024.10.21 Yen Does Not Know What It Wants. Forecast as of 21.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ A decline in the yen’s rate accelerates inflation, but a rate rise harms Japanese exports. Where is the golden mean? Let’s discuss it and make a trading plan for USDJPY. The article covers the following subjects: Highlights and key points Slowing inflation in Japan…

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Dollar keeps steadier so far on the session

The ranges for the day aren’t overly interesting but the dollar is seen holding a slight edge in European morning trade. It comes as Treasury yields are pushing higher as well, allowing for some light action on the session. USD/JPY is now marked up by 0.3% to 149.95 from a low of 149.10 in Asia earlier in the day….

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AUD/JPY inches lower to near 100.00, downside risk seems limited due to hawkish RBA

AUD/JPY remains tepid due to a potential for forex intervention by the Japanese authorities. The Japanese Yen faced challenges due to uncertainty surrounding the BoJ policy outlook. The Australian Dollar may appreciate as a solid labor report has reduced the odds of RBA’s rate cuts this year. The AUD/JPY pair continues to edge lower for the second consecutive session, trading…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (21 October 2024)

2024.10.21 2024.10.21 Short-term Analysis for Oil, Gold, and EURUSD for 21.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is correcting upward. The article…

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Chart Art: EUR/JPY Testing Long-Term Range Resistance

This euro pair is hanging out at the very top of its range on the 4-hour time frame, still deciding whether to go for a bounce or a break. Check out these inflection points on my radar! EUR/JPY 4-hour Forex Chart by TradingView After zooming up early this month, EUR/JPY got stuck in consolidation right below the 163.50 minor…

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FX option expiries for 21 October 10am New York cut

There are a couple to take note of on the day, as highlighted in bold. The first being for EUR/USD at the 1.0885 level. It isn’t one that holds much technical significance, especially with the 100-hour moving average at 1.0866 pinning price action down for now. But it could play a role in limiting any upside extensions in the…

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Gold price in Pakistan: Rates on October 21

Gold prices rose in Pakistan on Monday, according to data compiled by FXStreet. The price for Gold stood at 24,325.02 Pakistani Rupees (PKR) per gram, up compared with the PKR 24,246.26 it cost on Friday. The price for Gold increased to PKR 283,721.20 per tola from PKR 282,803.60 per tola on friday. Unit measure Gold Price in PKR 1…

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