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…
There has been a notable change in market perceptions regarding the pace and quantity of potential Fed and ECB rate cuts in recent weeks, Rabobank’s FX analyst Jane Foley notes. Latest developments underpin downside risks for EUR/USD “Speculation that the Fed could follow September’s 50 bps rate cut with another similarly sized move has been blown away by a…
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…
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.
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….
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…
I just posted about the signs of euphoria that are building in markets. And why wouldn’t they be, the market has rallied six weeks in a row. Here is a reminder from two years ago what the other side of that trade looks like. In October 2022, the gilt market blew up and that led to the ouster of…
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…
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…
There are some small wins for seller in the USDJPY from a technical perspective: The price stalled ahead of a topside trend line yesterday on the hourly chart (see chart above) . The inability to get to the level is a small negative. The price fell below an upward-sloping trend line on the hourly chart above near 149.61 The…