With market participants looking forward to the NFP release later this week, could clues from the ISM manufacturing PMI steer the dollar in a clear direction early on? Here’s what number crunchers are predicting for this report and how USD pairs might react. This Article Is For Premium Members Only Become a Premium member for full website access,…
Fundamental Overview Last week, the PBoC announced lots of easing measures ranging from short to long term interest rates cuts. Copper rallied strongly as China makes up for more than 50% of copper demand. Things are starting to look better for the market as we have also the Fed cutting rates into a resilient economy. Central bank easing generally…
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2024.09.30 2024.09.30 Short-term Analysis for Oil, Gold, and EURUSD for 30.09.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil is growing after hitting the short-term…
EUR/GBP seems to be bracing for the upcoming flash eurozone CPI report, as the pair is consolidating tightly in a small triangle pattern. Which way will it go? Expectations are for another dip in price pressures for September, and leading indicators are pointing to cooler price pressures for the month. This Article Is For Premium Members…
In annual terms, house prices grew by 3.2% year-on-year and that’s the fastest growth in two years. The average price of a typical dwelling in the UK is at £266,094 as of the month. Nationwide notes that: “Income growth has continued to outstrip house price growth in recent months while borrowing costs have edged lower amid expectations that the…
Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 350.59 Malaysian Ringgits (MYR) per gram, down compared with the MYR 350.98 it cost on Friday. The price for Gold decreased to MYR 4,089.27 per tola from MYR 4,093.77 per tola on friday. Unit measure Gold Price in MYR 1…
With the European Central Bank (ECB) leaning towards cutting interest rates again soon, will the upcoming CPI release seal the deal for an easing move in their upcoming meeting? Here’s what you need to know if you’re planning on trading the eurozone’s flash CPI report for September. This Article Is For Premium Members Only Become a Premium member…
2010 GMT / 1610 US Eastern time Bank of England Monetary Policy Committee member Megan Greene speaks as part of a panel discussion topic is perspectives on global monetary policy venue is the NABE economics conference in Nashville Greene spoke last week: BOE’s Greene: Appropriate to take a gradual approach to removing policy restrictiveness Bank of England AI This…
China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) contracted to 49.3 in September after reporting 50.4 in August, the latest data showed on Monday. Meanwhile, the Chinese Caixin Services PMI dropped sharply to 50.3 in September from August’s 51.6. AUD/USD reaction to China’s Caixin PMI data At the time of writing, the AUD/USD pair is paring back gains to trade near 0.6920, still…
