2025.01.16 2025.01.16 Pound Rebounds as UK Bond Turmoil Calms. Forecast as of 16.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When the central bank accelerates its rate-cutting cycle, the currency typically encounters a decline. However, the GBPUSD pair surged on the back of slowing inflation in the UK. At first glance, this may seem counterintuitive, but the surge was driven by underlying factors. The…

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USD/JPY has snapped a days-long uptrend and is rapidly approaching a key support zone. Will there be enough buyers at the level to maintain the pair’s even longer-term uptrend? The daily chart might give us clues: USD/JPY Daily Forex Chart by TradingView The U.S. dollar has been taking hits against its counterparts after this week’s U.S. CPI and PPI…

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Fundamental Overview The USD weakened across the board yesterday following the softer than expected US Core CPI data as Treasury yields fell aggressively in what could be the peak in inflation hysteria and repricing in rate cuts expectations. Strangely enough, the US Dollar eventually erased all the losses and ended the day pretty much flat almost across the board….

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NIFTY Elliott Wave technical analysis Function: Counter Trend (Minor degree, Grey.). Mode: Corrective. Structure: Impulse within larger degree. Position: Minute Wave ((ii)). Details: Minute Wave ((ii)) should be progressing soon towards 25000 range before the drop resumes. Minuette (a)-(b)-(c) corrective wave is potentially unfolding as an expanded flat. We will wait for 25000-100 range to recommend short positions. Invalidation point: 26400….

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2025.01.16 2025.01.16 US Dollar to Continue to Dominate Market. Forecast as of 16.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The slowdown in US core inflation, coupled with the moderately dovish rhetoric of Fed officials, has encouraged EURUSD bulls to attack. However, the market’s resilience and the strength of the opposing forces led to a rally that failed to gain traction. Let’s discuss this…

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The Australian dollar broadly declined early Thursday, despite December’s employment report coming in stronger than expected. Data from the Australian Bureau of Statistics showed Australia’s labor market adding 56,300 jobs in December, significantly outpacing forecasts of a 15,000 increase. At the same time, the unemployment rate inched up from 3.9% to 4.0% as more people entered the workforce. Link…

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TradeCompass: Russell 2000 Index Futures Analysis – 16 January 2025 Financial Instrument: Russell 2000 Index Futures (RUT Futures) Price at the Time of Analysis: 2279.3 Key Levels and Trade Scenarios for Russell 2000 Futures Today Bullish Above: 2291.3 Why Bullish Above:If Russell 2000 Futures rise above 2291.3, the price will surpass yesterday’s Value Area High (VAH) at 2288.5 and…

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Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the board members “will debate at next week’s meeting whether to hike rates.” Additional quotes Will raise policy rate this year if economic, price conditions continue to improve. How to proceed with monetary policy adjustment will depend on economic, price, financial conditions at the time. New US administration’s…

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Investors were biting their nails ahead of the highly-anticipated U.S. CPI release, leading to plenty of market consolidation before big breakouts were seen. Headline inflation came in line with consensus, but the core CPI showed moderating price pressures enough to keep most market players hopeful for more Fed rate cuts. Take a look at the latest economic updates! Headlines:…

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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…

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