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2024.10.15 2024.10.15 The Euro is Shocked. Will the ECB Follow the Fed? Forecast as of 15.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The ECB must prevent the eurozone from sliding into the deflation it had been fighting for a decade before the pandemic. Anything goes. Why not use a sharp rate cut? Let’s discuss it and make a trading plan for EURUSD. The…
Euro bears are holding their ground against the yen ahead of the ECB’s policy announcement! Think EUR/JPY will keep inside its range pattern in the next trading sessions? Or is the pair ready for a breakout? EUR/JPY 4-hour Forex Chart by TradingView In a few days, European Central Bank (ECB) members are widely expected to cut their interest rates,…
There are some large ones on the board for today but may not feature into play given the current spot price levels. The one for EUR/USD is seen at the 1.1000 mark but as the dollar holds firmer, it’s not likely to factor into price action in the session ahead. There are also some large ones on the board…
Indonesia Trade Balance above expectations ($2.83B) in September: Actual ($3.26B)
Market correlations seemed to be all over the place on Monday, as crude oil had a massive selloff while U.S. equities raked in decent gains. What’s up with that?! Read on to see the latest headlines and economic reports driving price action so far: Headlines: China’s finance minister said on Saturday the government would “significantly increase” debt issuance to…
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…
South Korea Trade Balance remains unchanged at $6.66B in September
2024.10.14 2024.10.14 Dollar Overreacts to Data. Forecast as of 14.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed’s data-dependent policy has increased the EURUSD’s sensitivity to macrostatistics. However, basing trading decisions solely on the latest data may lead to mistakes. Let’s discuss this and make a trading plan. The article covers the following subjects: Highlights and key points Data sensitivity drives volatility for…
Is Netflix about to continue its bullish climb, or are the bears preparing for a pullback? With NFLX earnings right around the corner, we’re now approaching key technical levels that could set the stage for the next move. Here’s a closer look at the current setup. Netflix (NFLX): 4-hour NFLX: 4-hour Chart by TradingView Remember that directional biases and…