ECB Cuts Rates in October, Signals Openness to Further Adjustments

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…

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USD/JPY weakens to near 150.00 after Japanese CPI inflation data

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…

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Euro on the Edge: Trading Strategies in a Weak Economy. Forecast as of 17.10.2024

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…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (17 October 2024)

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…

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Event Guide: Australia’s Employment Report (September 2024)

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…

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