GBP/JPY recovers early lost ground following the release of the UK consumer inflation figures. The headline UK CPI held steady at 2.2%, while the core CPI accelerated to the 3.6% YoY rate. The upside remains capped as traders await the BoE and the BoJ monetary policy meetings. The GBP/JPY cross attracts some dip-buyers following an intraday slide to the…
2024.09.18 2024.09.18 Short-term Analysis for Oil, Gold, and EURUSD for 18.09.2024 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 correcting downward. The article covers…
The Aussie has been able to keep its head up so far this week, but will the upcoming Australian jobs release change all that? Here’s what I’m watching on the hourly chart of EUR/AUD. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies…
But the key focus in markets today is of course the FOMC meeting decision. Will it be a 25 bps or 50 bps rate cut? That is the question. As things stand, traders are still pricing in ~65% odds of a 50 bps rate cut for today. And therein lies the balance of risks ahead of the Fed policy…
EUR/USD gains traction near 1.1125 in Wednesday’s Asian session. The Fed is widely expected to reduce the benchmark overnight interest rate on Wednesday. Investors await the Eurozone HICP data, which is expected to show an increase of 2.2% YoY in August. The EUR/USD pair trades on a stronger note around 1.1125 during the Asian trading hours on Wednesday. The…
2024.09.17 2024.09.18 Economic calendar for the week 23.09.2024 – 29.09.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Last week was marked by meetings of four major world central banks, with the Fed’s meeting stealing the spotlight. Now, market participants are grappling with understanding whether the Fed’s leaders will stick to the tight parameters of the monetary policy. In the upcoming week, 23.09.2024 – 29.09.2024,…
Canada printed another batch of weaker than expected inflation figures, as the headline CPI slowed from 2.5% to 2.0% year-on-year in August – its lowest reading since February 2021. On a monthly basis, the headline CPI is down 0.2% versus the consensus of a flat reading and the previous 0.4% uptick. Meanwhile, the core reading fell 0.1% month-on-month while…
This is via Westpac’s preview of the inflation data due from Australia on Wendesday 25 September at 11.30 am Sydney time 0130 GMT, 2130 US Eastern time In brief: WPAC near-cast for the August Monthly CPI Indicator is –0.2%mth/2.7%yr. For the September quarter CPI our near-cast is 0.3%qtr/2.9%yr. …. Our near-cast for the Trimmed Mean is 0.7%qtr/3.5%yr. Driving prices…
NZD/USD gains ground near 0.6190 in Wednesday’s early Asian session. The Fed is anticipated to reduce its borrowing costs on Wednesday. New Zealand’s GDP will be released on Thursday, and it is projected to contract by 0.4% QoQ in Q2. The NZD/USD pair attracts some buyers around 0.6190 on Wednesday during the early Asian session. The resumption of the…
2024.09.17 2024.09.17 Fed Inclines to Dovish Stance. Forecast as of 17.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors are optimistic about the beginning of the Fed’s monetary policy easing cycle but are uncertain about the specific step the central bank will take first. Let’s discuss this topic and make a trading plan for the EURUSD pair. The article covers the following subjects: Highlights…