The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the third consecutive day against the US…
Nothing further for now. Same old This article was written by Eamonn Sheridan at www.forexlive.com.
USD/CAD softens to around 1.4380 in Thursday’s early Asian session. Fed Minutes signalled a cautious approach to rate cuts. Justin Trudeau’s resignation and a rise in crude oil prices support the Loonie. The USD/CAD pair weakens to near 1.4380 during the early Asian session on Thursday. The resignation of Canadian Prime Minister Justin Trudeau and higher crude oil prices…
Today’s Australian CPI data came in mixed but generally within the RBA’s target range, potentially setting up AUD/JPY for a bearish move as rate cut expectations remain intact and broad risk sentiment sours this week. With headline inflation at 2.3% versus 2.2% expected and trimmed mean falling to 3.2% from 3.5%, the data wasn’t strong enough to materially…
Outlook for the Federal Open Market Committee (FOMC) from UBS. Analysts at the bank argue that the December labor report, set to be released this Friday, and next week’s inflation data will offer further insights into the U.S. economy. Although the Federal Reserve is unlikely to lower interest rates at its early 2025 policy meetings, UBS anticipate that upcoming…
The Canadian Dollar shed another 0.2% on Wednesday as the Loonie shrivels. Canada saw a data-light day on the calendar, market flows continue to tilt toward the Greenback. US jobs data cooled, keeping investor sentiment tepid. The Canadian Dollar (CAD) shed another one-fifth of one percent on Wednesday as the Loonie continues to flub chances for a technical recovery…
2025.01.08 2025.01.08 US Dollar Braces for Roller Coaster Ride in 2025. Forecast as of 08.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Markets should take their time to adapt to the new developments resulting from Trump’s words and actions. The future of the EURUSD pair will largely hinge on the president-elect’s stance. Let’s discuss this topic and make a trading plan. The article covers…
The Institute for Supply Management’s services sector gauge expanded at a faster pace in December, with the headline index rising to 54.1 from November’s 52.1 reading versus the 53.5 market consensus. More notably, the prices component saw its sharpest monthly increase in nearly a year, setting implications for the Fed’s monetary policy easing path for 2025. Key points from…
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EUR/USD declines by 0.48% on Wednesday, settling near 1.0295 after failing to break above the 20-day SMA. RSI falls sharply to 39 in negative territory, revealing intensified selling pressure. MACD histogram prints decreasing green bars, suggesting waning bullish momentum and a renewed downside tilt. EUR/USD struggled on Wednesday, shedding 0.48% to trade around 1.0295. This latest drop underscores the…
