2025.01.10 2025.01.10 US Dollar Leaves All Its Counterparts Behind. Forecast as of 10.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of England’s decision to follow the Fed and put its monetary policy cycle on pause exacerbates the debt crisis in the UK. This has prompted other regulators to trim interest rates, supporting the US dollar. Let’s discuss this topic and make a…
US non-farm payrolls The trend is clear in that the US labour market has been softening after a robust rebound in the post-Covid era. That is to be expected but we’re now approaching the stage in which market players had been expecting this to lead to a soft landing in the US economy since last year. Instead, the US…
The Japanese Yen is weighed down by doubts over the likely timing of the next BoJ rate hike. The recent widening of the US-Japan yield differential also undermined the lower-yielding JPY. The USD holds steady near a two-year top and supports USD/JPY ahead of the US NFP report. The Japanese Yen (JPY) remains on the back foot against its…
2025.01.09 2025.01.09 Greenback Appreciates Ahead of US Labor Market Report. Forecast as of 09.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US Federal Reserve is adopting a cautious stance, anticipating that the 2% inflation target will be reached later than previously expected. Investors were already aware of this information, which makes the upturn in the EURUSD pair a coherent development. Let’s discuss this…
With U.S. stock markets closed for the day, market participants turned their attention to changes in market sentiment, as well as the Challenger jobs report and Fed commentary. Risk assets had a mixed run, with commodities like gold and crude oil raking in strong gains while bitcoin continued its slide below the $100K mark. Let’s dive into the latest…
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently…
USD/CAD gains traction to near 1.4400 in Friday’s early Asian session. Fed officials signal a rate cut caution, boosting the USD. Trump’s tariff threats weigh on the Loonie, but a rise in crude oil prices might cap its downside. The USD/CAD pair trades in positive territory for the fourth consecutive day around 1.4400 during the early Asian session on…
2025.01.09 2025.01.09 Bearish Harami Candlestick Pattern Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ A Bearish Harami is a widely recognized candlestick pattern in technical analysis that signals a potential trend reversal. This pattern often marks the end of an uptrend and foreshadows a price decline, referred to as a bearish movement. Traders use this pattern to decide when to exit a long position or…
Goldman Sachs has issued a cautionary note about the sustainability of the recent stock market rally. Strategist Peter Oppenheimer warned in a client memo that equities appear “priced for perfection,” leaving them increasingly susceptible to a correction. Rising bond yields, high valuations, and economic uncertainties could weigh on the market’s resilience, he noted. While Oppenheimer expects equity markets to…
Mexican Peso faces pressure after Banxico’s dovish shift suggests larger, and possibly quicker, interest rate cuts. Mixed inflation data from INEGI maintains uncertainty, adding to Peso’s volatility in light trading conditions. Interest rate differential concerns increase as Banxico’s potential 150 bps cuts contrast with the Fed’s more conservative 57 bps easing outlook. The Mexican Peso loses some ground against…
