The major assets took cues from individual catalysts, with U.S. equities taking hits from a pullback in tech stocks, while commodities like gold and oil found support from supply and demand-related headlines. In the FX scene, the U.S. dollar saw a U-turn, losing pips to its counterparts early in the day but recovering after the release of strong U.S….
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…
WTI price gains traction to near $74.15 in Wednesday’s Asian session. US crude oil inventories fell by 4.022 million barrels last week, according to the API. Oil traders brace for the FOMC Minutes on Wednesday ahead of the US December NFP report. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.15 on Wednesday. The WTI price…
November CPI 2.3% y/y vs. expected 2.2% and prior 2.1% Trimmed mean (a measure of core inflation) 3.2% y/y vs. prior 3.5% That lower trimmed mean, a guide to underlying (core) inflation is encouraging. AUD/USD dips a little on the release. *** As background top this I posted on why the monthly CPI is not as well regarded as…
NZD/USD softens to around 0.5635 in Wednesday’s early Asian session. The stronger US data suggested the Fed is likely to slow the easing cycle. Investors will monitor how aggressive Trump’s tariff plans could be when he takes office. The NZD/USD pair trades with mild losses near 0.5635 during the early Asian session on Wednesday. The upbeat US Services Purchasing Managers…
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…
Markets are bracing for a chunky few debt issuance this week in the US. Fed interest rate projections see a cut in January out of the cards at the moment, ahead of the FOMC Minutes later this week. Gold price is moving within a pennant technical formation, respecting both upside and downside. Gold’s price (XAU/USD) is heading higher after…
2025.01.06 2025.01.06 EURUSD Approaches Parity Level. Forecast as of 06.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The direction of the EURUSD exchange rate has been determined. The only outstanding question is when the major currency pair will reach the parity level and whether it will continue to decline. Let’s discuss these topics and make a trading plan. The article covers the following subjects:…
The price of bitcoin is continuing its run to the downside and has now traded below the rising 200-hour MA at $96883. The low just reached $96573. Traders will be eyeing the level for bias clues. Stay below is more bearish. Fail on the move below, and it could signal a short term bottom. On the a break lower,…
EUR/USD inches lower to 1.0370 on Tuesday after repeated rejections at the 20-day SMA. The RSI rises to 45, suggesting improving momentum but still hinting at a cautious outlook. MACD shows flat green bars, indicating easing bearish pressure yet no clear bullish shift. EUR/USD managed to climb towards the 1.0370-1.0390 area at the begging of the year, continuing its fragile…
