The thing about the enemy of my enemy being my friend is that the two might find out that they don’t have much else in common besides that. Brussels and Beijing have been trying to be more cordial to each other as of late but with Trump mostly backing down, the sour relations between the two are starting to…
AUD/JPY trims part of intraday gain near 163.45 in Tuesday’s Asian session. The BoJ left policy settings unchanged at its June meeting on Tuesday. China’s May Retail Sales grew at the fastest pace since December 2023. The AUD/JPY cross trims gains near 94.50 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar…
One of the biggest events during this jampacked trading week is the June FOMC announcement, as traders are eager to find out how tariffs are affecting the central bank’s policy stance. Even better, this upcoming Fed decision comes with the updated quarterly forecasts for growth and inflation. Here’s what to look out for when trading this major…
MUFG expects the Bank of Japan to keep its policy rate unchanged at 0.5% at its June monetary policy meeting, citing a highly uncertain economic outlook. The bank also sees no shift in the current roadmap for reducing bond purchases and believes there is little pressure to adjust the pace of tapering in fiscal year 2026. However, MUFG notes…
USD/CAD edges higher to near 1.3580 in Tuesday’s early Asian session. Persistent Middle East geopolitical tensions continue to support the US Dollar. Traders await the US May Retail Sales data later on Tuesday for fresh impetus. The USD/CAD pair recovers some lost ground to around 1.3580 during the early Asian session on Tuesday. The US Dollar strengthens against the…
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…
EUR/USD climbs to 1.1572 as market shrugs off new missile attacks on Israel. Fed’s dovish shift in sentiment follows weak US Empire State Manufacturing data. ECB officials speak as traders await Fed’s June 18 policy decision and projections. EUR/USD recovered after posting a loss of 0.25% last Friday, as hostilities between Israel and Iran began, which boosted the Greenback’s…
2025.06.16 2025.06.16 US Dollar Prepares Counterattack. Forecast as of 16.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The ongoing reshaping of the global trade system is exerting pressure on the US dollar. The US Federal Reserve’s decision to maintain current interest rates has strengthened the greenback. Against this backdrop, the EURUSD pair is consolidating ahead of the FOMC meeting. Let’s discuss this topic and make…
This week, our currency strategists focused on the BOC Monetary Policy Statement for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one discussion arguably saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay. Watchlists are price outlook & strategy discussions supported by both fundamental &…
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…
