2024.10.15 2024.10.15 EURJPY Forecast & Predictions for 2024, 2025–2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The EURJPY currency pair is a magnet for traders due to its intriguing volatility. It represents a blend of two significant world economies – the EU and Japan – and is subject to the whims of global economic health, monetary policies, and market sentiment. Experts suggest…
Oil daily Various reports suggest that Israel won’t strike Iran’s oil infrastructure in retaliation for recent strikes. The latest report cited officials from the Biden administration, speaking anonymously to the Associated Press, was said that Israel has pledged not to attack Iranian oil and nuclear sites. However, these officials express skepticism about the reliability of Israel’s commitment, suggesting that…
Oil prices have fallen sharply since the beginning of the week, Commerzbank’s FX analyst Carsten Fritsch notes. Price of Brent oil slides below the $75 “The price of Brent oil slid below the $75 per barrel mark in the morning, after trading at just under $79 on Friday. Yesterday, weak data from China initially led to selling pressure. The…
2024.10.15 2024.10.15 Advance-Decline Line Index Explained: Formula, Examples, and Trading Implications Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The advance/decline line (A/D) is a valuable technical indicator for analyzing the stock market. The A/D line indicator is used to analyze the overall stock market and indexes, enabling traders to ascertain the prevailing trend direction and gauge market breadth. This article examines how the advance/decline…
New Zealand is about to drop its Q3 inflation numbers! Today we’re looking at NZD/USD and AUD/NZD possibly extending their October trends in the event that New Zealand’s price pressures come in weaker than market estimates. Check it! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience…
SPX daily Can the bulls do it again? S&P 500 futures are up 4 points today despite the rout in China. There is some help from lower bond yields and the 4% decline in oil prices but overall resilience in equities has been remarkable. For the past week, we’ve seen a consistent pattern of softish futures followed by impressive…
The Pound Sterling (GBP) continues to draw firm support on softness through the low 1.30s and has rebounded quite firmly from the intraday low again today, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP is trying to bottom out “UK data showed only moderate progress on elevated wages (Average Weekly Earnings dipped to 3.8% in August from an upwardly…
2024.10.15 2024.10.15 Scarcity of Bears on Gold. Forecast as of 15.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The pullback in the gold price proved to be less pronounced than expected. The precious metal held above $2600 per ounce and then returned to its initial level. The question now is, what will happen next? Let’s discuss this topic and develop a trading plan. The…
New Zealand is gearing up to print its quarterly inflation figures that are likely to influence RBNZ policy expectations. Can an upside surprise put an end to their easing cycle soon? Here are a couple of setups I’m watching on NZD/JPY and NZD/CAD in the event of hotter-than-expected New Zealand inflation. This Article Is For Premium…
Prior -84.5 Economic sentiment 13.1 vs 10.0 expected Prior 3.6 The only good news is that the outlook reading is seen improving, with respondents taking positively to more stable inflation expectations and ECB rate cuts. The increased optimism also has partly to do with China’s recent economic stimulus measures, as announced at the end of last month. However, how…