BOC senior loan officer survey for Q4: -1.89% versus +1.71% prior

This is a lower-tier indicator but something the Bank of Canada is watching. Business lending conditions fell to -1.89% versus +1.71% in Q3 Mortgage lending conditions -10.39% versus -2.86% in the third quarter Non-mortgage lending conditions -1.2% versus -1.53% in the third quarter Tthe business lending conditions is the lowest since Q1 2022 This article was written by Greg…

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Dark Cloud Cover Pattern in Trading: Formation and Strategies

2025.02.14 2025.02.14 How to Trade the Dark Cloud Cover Chart Pattern Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Every investor strives to find reliable tools for predicting trends in financial markets. One such tool is the Dark Cloud Cover candlestick pattern. This pattern provides traders with signals of a possible trend reversal to the downside.  For successful use of this pattern, it is essential to…

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3 Steps to Take When Pressing Your Forex Trades

One of the more useful skills in forex trading is knowing when to press your advantage. This may be in the form of increasing reward-to-risk ratios by adding to winning positions or even just logging in more trades. Pressing your advantage is a good skill to have, but sometimes this strategy can get you in trouble. Instead of waiting…

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Reciprocal tariffs seen as ‘unworkable’ – ING

The US Dollar (USD) is a little weaker in Europe today on the back of slightly lower US interest rates, ongoing optimism about an end to the war in Ukraine, and a US reciprocal tariff package which was hard to decipher. The market knew that the Commerce Department was due to deliver a big report on trade in April…

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EUR/USD: Elliott wave analysis and forecast for 14.02.25 – 21.02.25

2025.02.14 2025.02.14 EUR/USD: Elliott Wave Analysis and Forecast for 14.02.25 – 21.02.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.0280 with a target of 1.0635 – 1.0940. A buy signal: the price holds above 1.0280. Stop Loss: below 1.0220, Take Profit: 1.0635 – 1.0940. Alternative…

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Daily Broad Market Recap – February 13, 2025

The major assets took cues from their individual catalysts as traders priced in trade war concerns, increased oil demand projections, and at least one Fed rate cut this year. Wanna know how your closely watched assets traded in the last trading sessions? We have the deets! Headlines: Japan producer prices for January: 4.2% y/y (4.0% forecast, 3.9% previous) Australia…

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Gold Technical Analysis – The US PPI saves the day

Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core PCE Y/Y is now…

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Eurozone GDP and US Retail Sales data to wrap up volatile week

Here is what you need to know on Friday, February 14: The US Dollar holds steady in the European morning on Friday after suffering large losses against its major rivals on Thursday. Eurostat will publish preliminary Employment Change and Gross Domestic Product (GDP) data for the fourth quarter. Later in the session, the US economic calendar will feature Retail…

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