New Zealand’s quarterly CPI reading came in slightly weaker than expected at 0.6% versus 0.7% in Q2 2024, bringing the annual inflation reading down from 3.3% to 2.2% – well within the central bank’s 1-3% target range. This marks the slowest year-on-year pace of increase in price pressures since early 2021 and the first time the annual CPI figure…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Markets US stocks are bouncing back from yesterday’s tech hiccup, with smaller sectors flourishing today, thanks to a steady US growth outlook and improved visibility into Fed rate cuts. The labour market has been more resilient than feared, and that’s providing the boost for today’s mini-sector rotation. Nvidia is also gathering momentum at midday in New York, leading a…
2024.10.16 2024.10.16 The Euro Will Buy the Fact. Forecast as of 16.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The European Central Bank’s 50-point rate cut may become a surprise that will drown the euro even more. However, a cut by 25 bp has already been factored in EURUSD quotes, which may result in a pullback. Let’s discuss it and make a trading plan….
Some risk-off flows were seen in the markets, as crude oil continued to sink and U.S. equity indices ended in the red. Meanwhile, volatility picked up in the forex arena due to top-tier releases, including the U.K. jobs report and Canada’s CPI readings. Here’s what you need to know! Headlines: Japanese industrial production for August unchanged at -3.3% month-on-month…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Mexican Peso weakened as US Dollar gains despite falling US yields. IMF downgrades Mexico’s 2024 GDP growth outlook, citing capacity constraints and tight monetary policy. US import prices fell sharply in September, while Fed’s Bostic remains optimistic about inflation hitting the 2% target. The Mexican Peso depreciated in early trading on Wednesday as the US Dollar strengthened amid a…
2024.10.16 2024.10.16 Economic calendar for the week 21.10.2024 – 27.10.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar continues to dominate the market, partly due to reduced expectations of new aggressive interest rate cuts by the US Fed. The upcoming week, 21.10.2024 – 27.10.2024, will have fewer significant economic events compared to the previous week. However, market participants will monitor the statements…
The Land Down Under is ready to release its September jobs report soon, and I’m looking at these potential AUD plays in case the actual numbers fall short. Expectations are for a slightly slower pickup of 25.2K in hiring versus the earlier 47.5K increase, but the jobless rate is still slated to hold steady at 4.2% for the…
Deutsche Bank has released a matrix of potential market reactions to various US election scenarios, while admitting that its own team is divided and the reactions are highly uncertain. “We see the most bullish dollar outcome as a red sweep and the most bearish dollar outcome on a blue sweep, but the magnitude of the moves is likely larger…