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…
AUD/JPY draws support from a combination of factors and moves back closer to a two-month top. Ishiba’s comments about BoJ rate hikes overshadow upbeat domestic data and undermine the JPY. The stronger Australian Retail Sales data boosts the Aussie amid optimism over Chinese stimulus. The AUD/JPY cross attracts buyers for the second straight day on Tuesday and climbs to…
Where them gold bugs at? Spot gold (XAU/USD) looks ready to extend a longer-term trend after touching a few technical support levels. Think the precious metal will see new record highs this week? Gold (XAU/USD) 4-hour Forex Chart by TradingView In case you missed yesterday’s headlines, a lack of top-tier data releases enabled the markets to take a breather…
Retail sales in Australia bouncing in August, well above estimates: Building approvals headline fell further than forecast. This article was written by Eamonn Sheridan at www.forexlive.com.
Japan Jibun Bank Manufacturing PMI above forecasts (49.6) in September: Actual (49.7)
This week, all eyes will be on the Fed and the European Central Bank (ECB) as the U.S. and Euro Area release key reports that could shape the next moves from both central banks. Specifically, investors are expected to focus on the U.S. September non-farm payrolls report and the Euro Area’s flash CPI estimate, both of which will…
The American Bankers Association’s Economic Advisory Committee brings together15 chief economists from some of North America’s largest banks. The Committee chair notes the Fed is close to achieving its dual mandate, but warns the softening labor market needs monitoring Fed seen cutting rates by additional 150bps through end-2025 Sees solid 2% growth in H2 2024 and 2025 Recession risk…
The Greenback started the week on a strong note in a context where investors’ prudence prevailed ahead of key data releases in the US economy, where the labour market is seen taking centre stage. Here is what you need to know on Tuesday, October 1: The US Dollar Index (DXY) reversed two consecutive daily pullbacks and charted a marked…
2024.09.30 2024.09.30 US Dollar Showcases Old Tricks. Forecast as of 30.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Following a successful outcome in September, investors are keen to replicate a similar result in November. They are monitoring the comments of FOMC officials and statistics in order to ascertain the extent of the Fed rate cut. Let’s discuss this topic and make a trading plan…
The European Central Bank (ECB) is under pressure to cut rates again in October, as recent data points to slowing growth and easing inflation in the Euro Area. This week’s German and Euro Area CPI reports could intensify that pressure. According to our Event Guide, indicators suggest inflation in September might be lower than in August. Will…
