Bostic: Neutral policy rate is in the 3-3.50% range

Not in a rush to get to neutral Will be patient We needed to move policy rate because risks had shifted Labor market is strong, inflation has come down a long way, my job is now to take it all the way home Still a lot of uncertainty on prices and consumer spending This article was written by Adam…

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USD/СAD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24

2024.10.18 2024.10.18 USD/СAD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: after the correction ends, consider short positions below the level of 1.3943 with a target of 1.3205 – 1.2981. A sell signal: if the price holds below 1.3943. Stop Loss: above 1.4000, Take…

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They don't ring a bell at the top

Magazine covers are notorious signs of a top. The meme stocks are flying once again. Do we ride this to 85 at least? I don’t think we’re necessarily in the final inning but I suspect the market will need a red sweep to keep the party going. This article was written by Adam Button at www.forexlive.com.

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GBP/USD upbeat UK data fuels rally, stalls at 1.3050

GBP/USD Price Forecast: Upbeat UK data fuels rally, stalls at 1.3050 The Pound Sterling resumed its uptrend after hitting a weekly low of 1.2974 on Wednesday. It surged after the UK Retail Sales data was stronger than foreseen by market analysts, portraying a robust economy. Nevertheless, traders remain convinced that the Bank of England (BoE) would lower rates as inflation fell below the bank’s 2% target….

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USD/CHF: Elliott wave analysis and forecast for 18.10.24 – 25.10.24

2024.10.18 2024.10.18 USD/CHF: Elliott wave analysis and forecast for 18.10.24 – 25.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8742 with a target of 0.8200 – 0.8000. A sell signal: if the price holds below 0.8742. Stop Loss: above 0.8800, Take Profit: 0.8200…

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Significantly lower Swiss Gold exports to India – Commerzbank

The record high price level is having a dampening effect on demand for Gold in Asia, as shown by data on Switzerland’s Gold exports for September published yesterday by the Swiss Federal Customs Authority, Commerzbank commodity analyst Carsten Fritsch notes. Gold shipments to India slump by almost 90 percent “According to the data, Gold shipments to India slumped by…

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EUR/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24

2024.10.18 2024.10.18 EUR/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 1.1003 with a target of 1.0605 – 1.0400. A sell signal: if the price holds below 1.1003. Stop Loss: above 1.0050, Take Profit: 1.0605…

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