In a unanimous decision and as markets had expected, European Central Bank (ECB) members cut their key interest rates by 25 basis points effective October 23: The deposit rate is now down to 3.25% The main refinancing rate will dip to 3.40% The marginal lending facility rate will ease to 3.65% Link to ECB October Monetary Policy Statement In…
more to come This article was written by Eamonn Sheridan at www.forexlive.com.
USD/JPY softens to near 150.05 despite stronger USD in Friday’s Asian session. Japan’s CPI inflation drops from 3.0% to 2.5% in September. The upbeat US economic data strengthens the case for 25 bps Fed rate cuts. The USD/JPY pair edges lower to around 150.05 despite the firmer US dollar (USD) on Friday during the early Asian session. Investors will…
2024.10.17 2024.10.17 Euro on the Edge: Trading Strategies in a Weak Economy. Forecast as of 17.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The euro is sinking as the economy is weak, deflation looms on the horizon, and Donald Trump’s chances of winning are growing fast. However, it can be the best time to buy when everyone else is selling. Let’s discuss it and…
A note this week from National Australia Bank shifting forward their projection for the RBA: We have brought forward our expectations for the timing of rate cuts, now seeing a first cut in February 2025 (previously May) we continue to see a gradual pace of cuts back to 3.10% by early 2026 Main points from the note, in summary:…
TRV stock soars 8% on Thursday after delivering record Q3 earnings. Travelers adjusted EPS spiked 169% from a year earlier. Record underlying underwriting income led to the successful quarter. TRV stock could run up to $280 based on technical chart pattern. The Travelers Companies (TRV) stock has popped 8% on Thursday after its third-quarter earnings surprised to the…
2024.10.17 2024.10.17 Short-term Analysis for Oil, Gold, and EURUSD for 17.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro continues to trade in a…
Will Australia’s September jobs data support the RBA’s insistence that its labor market remains relatively tight? More importantly, what are the markets expecting from the event, and how does AUD usually react to the release? We have the notes you need to study if you’re trading the event! This Article Is For Premium Members Only Become a…
The EURUSD has been trending to the downside recently, and in the process has extended toward August low levels. My most recent technical videos on the pair, have been focused on the 4-hour chart as the market trended lower. If you watch the kickstart video from earlier today I also spoke to the 200-day moving average which was broken…
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Consumer Staples ETF ($XLP). The rally from 5.31.2024 low unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below: 5 Wave…