An October cut isn’t totally excluded. Too early to have strong view on October meeting. It will be easier to decide on cut in December. Services inflation needs to slow further. This article was written by Giuseppe Dellamotta at www.forexlive.com.
EUR/GBP breaks its four-day losing streak due to dovish comments from BoE Governor Andrew Bailey. BoE’s Bailey believes that inflation outlook is downwards, suggesting the interest rates path will also be downwards, gradually. German Business Climate Index declined to 85.4 in September, against August’s 86.6 and expected 86.0 readings. EUR/GBP breaks its four-day losing streak, trading around 0.8330 during…
2024.09.24 2024.09.24 Short-term Analysis for Oil, Gold, and EURUSD for 24.09.2024 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. The euro continues to trade in a…
The Australian dollar has been all over the charts —and it’s only Tuesday! In case you missed it, the commodity currency started the week by reacting to last week’s Fed rate cut. More recently, it’s getting a boost from the People’s Bank of China (PBOC) as they work to stimulate the world’s second-largest economy. Meanwhile, the British…
The European session is pretty empty on the data front with just the German IFO as the main highlight. The IFO index is similar to the German Composite PMI as they are correlated, so it shouldn’t be a big deal. In the American session, the focus will be on the US Consumer Confidence report as we are now gathering…
ASX: BRAMBLES LIMITED – BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see BXB could continue to push higher with a v-grey wave. Function: Major trend (Minuette degree, orange). Mode: Motive. Structure: Impulse. Position: Wave ((3))-navy of Wave v-grey of Wave (iii)-orange. …
The major assets were all over the place on Monday, as traders priced in the Fed’s rate cut, escalating Middle East tensions, and potential global growth slowdown. Which headlines caught traders’ attention in the last trading sessions? We’re talking about them below! Headlines: New Zealand trade deficit jumped to 2.20B NZD in August, July’s deficit revised higher from 963M…
Both the Shanghai Composite and CSI 300 indices are up 2.4% on the day while the Hang Seng is up by 3.3% ahead of the lunch break later. That comes as the PBOC unveiled more easing measures earlier, after not doing so at the end of last week. However, the key caveat here is that they did not specify…
Japan’s Finance Minister Shunichi Suzuki said on Tuesday that he is “monitoring impacts from central banks’ monetary policies.” Suzuki said that he “expects the Bank of Japan (BoJ) to conduct appropriate monetary policy, while working closely with government.” Market reaction USD/JPY remains defensive near 143.70 following these above comments, almost unchanged on the day.
Data from S&P Global showed the continued growth disparities between the manufacturing and services sector in September. Flash manufacturing PMI for September: 47.0 (48.6 forecast, previous reading downgraded from 48.0 to 47.9) Flash services PMI for September: 55.4 (55.3 forecast, 55.7 previous) The goods-producing manufacturing sector contracted further from 48.6 to 47.0, marking its third consecutive decline and its…
