Our Event Guide for Australia’s September jobs report suggests job growth may continue, though at a slower pace. Stronger-than-expected numbers would back the RBA’s stance that the labor market is still tight, giving the central bank more reasons to stick to its less dovish bias compared to others. In this case, the Aussie dollar could recover some…

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We had Q3 CPI data from New Zealand today, showing that its inflation rate dropped back into the Reserve Bank of New Zealand’s target band for the first time since early 2021. The CPI is also encouraging for the central bank as it came in slightly below their most recent forecasts (issued in August). The New Zealand dollar lost…

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2024.10.15 2024.10.15 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 15.10.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: another rise to a high of 66,506.28 is projected. Consider long positions from the current level, with Take…

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Atlanta Federal Reserve President Raphael Bostic spoke earlier, headline comments here: In that post you’ll note he sees another 25bp cut this year and that’s all. He was speaking on his updated projections for last month’s Federal Open Market Committee (FOMC) meeting: “The median was for … 50 basis points more, above and beyond the 50 basis points that…

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Reserve Bank of Australia (RBA) Deputy Governor Sarah Hunter noted early Wednesday that while the RBA remains determined to keep inflation under control, and the Australian central bank sees no signs of inflation expectations becoming de-anchored, price growth has remained a sticking point for the RBA. Key highlights No immediate concern of expectations becoming de-anchored. Inflation expectations remain anchored….

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2024.10.15 2024.10.15 Short-term Analysis for Oil, Gold, and EURUSD for 15.10.2024 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. Gold is declining after hitting the resistance…

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New Zealand inflation data Before the data, did y’all see the little jump higher for NZD/USD just prior (about a minute) to the data release? Sometimes FX is a dirty game 😉 Data: non-tradable prices +1.3% q/q and +4.9% y/y That y/y result shows for the first time since March 2021, annual inflation is within the Reserve Bank of…

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The Dow Jones slipped back below 43,000 on Tuesday. Markets are softer on Tuesday after ripping into new records this week. Weak points in tech sector are leading equities lower despite broad earnings beats. The Dow Jones Industrial Average (DJIA) trimmed lower on Tuesday despite starting the day with a fresh all-time peak bid. The major equity index declined…

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