NZD/USD weakens to near 0.5670 in Tuesday’s early Asian session, down 0.38% on the day. Trump said that he will place tariffs on imports of computer chips, pharmaceuticals, steel, aluminum, and copper. The downbeat Chinese PMI data and RBNZ dovish bets continue to undermine the Kiwi. The NZD/USD pair attracts some sellers to around 0.5670 during the early Asian session…
National Australia Bank business survey, for December 2024. Business Confidence -2 Business Conditions 6.0 Sales increased 3 points to +9, profitability rose 4 points to +4, and the employment index gained 1 point to +4. Conditions improved across most industries, except for transport and utilities, construction, and wholesale. NAB cite: supported by increased Christmas demand, particularly benefiting the struggling…
GBP/USD dropped a doji candle on Monday as Cable middles. UK data remains limited this week, and markets focus on the Fed. Technical signs of exhaustion could spell the end of the Pound rally. GBP/USD got hung up on key technical levels for the second trading day in a row, dropping a spinning top candle near the 1.2500 handle…
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…
What is DeepSeek? Several Chinese companies pivoted into making their various AI model offerings open source last week, sending shockwaves through the tech sector. Chinese tech startups look set to disrupt the AI space, which has, until recently, been almost singularly dominated by high-priced US tech giants and soaring valuations. Chinese competitors are poised to prove that you can…
2025.01.27 2025.01.27 US Dollar Loses Momentum Amid Strong EU PMIs. Forecast as of 27.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The divergence in economic growth between the US and the eurozone is narrowing, the scale of the ECB’s proposed monetary expansion is shrinking, and Donald Trump is not rushing to implement tariffs. Could these factors be reasons to consider buying the EURUSD pair?…
Like everyone today (and all weekend), I’ve been trying to understand what DeepSeek means. Some thoughts: 1) I don’t care how they trained it, the cost to run is most important Whether DeepSeek had a hidden stash of H100 chips doesn’t matter nearly as much as the changes in opex. The model is free, open source, can be run…
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2025.01.27 2025.01.27 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.01.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price may continue falling within correction. Consider short positions from the current level with Take Profit at 100,314.02. XRPUSD:…
Have you ever seen price move against you as soon as you enter a trade? How about price hitting your stop loss levels before bouncing back up or down to your original profit targets? If you have, then congratulations! You’re just like every other trader out there. But what if these things keep happening to you? If you’ve done…
