At the end of the day, policymakers can and will spin the narrative to however they see fit with their decision. And with the BOJ these days, the leaked reports leading up to their meeting seem to be the more important part of the narrative. The latest inflation numbers from Japan’s capital here today might just keep things in…
EUR/USD oscillates around 1.0400 amid thin trading volume, while its broader outlook remains weak amid a firm US Dollar. The Greenback remains firm as the Fed is expected to deliver fewer interest rate cuts in 2025. Investors expect the ECB to reduce its Deposit Facility rate by a further 100 bps next year. US Initial Jobless Claims for the…
2024.12.27 2024.12.27 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.12.2024 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 continues to decline in correction (4). Consider short positions from the current level with Take Profit at 91,965.00….
China’s Ministry of Industry and Information Technology predicts a 5.7% year-on-year growth in industrial output for the January to December period. Which seems optimistic based on the data today and prior for 2024: China’s industrial profits decline four straight months, but at a slower rate More: is committed to ensuring steady growth in the industrial economy. plans to boost…
NZD/USD trades in negative territory near 0.5615 in Friday’s early European session. The fall in China’s industrial profits exerts some selling pressure on the China-proxy Kiwi. The potential Trump’s tariff policies might trigger inflation and convince the Fed to slow its easing cycle, supporting the USD. The NZD/USD pair extends its downside to around 0.5615 during the early Asian…
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…
GBP/USD edges lower amid light trading day post-Christmas holiday. The US Dollar strengthens as expectations grow for reduced Fed policy easing next year. The Pound Sterling struggles as a surprise MPC split vote signals a potentially accelerated pace of monetary easing in 2025. GBP/USD remains subdued for the third successive day, trading around 1.2520 during the Asian hours on…
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…
The Bank of Japan (BoJ) published the Summary of Opinions from its December monetary policy meeting, with the key findings noted below. Key quotes BoJ member plans to adjust easing measures if the outlook is met. BoJ board member notes importance of monitoring momentum in wage negotiations. One BoJ Member says no urgent need for rate hike despite upside…
Bank of Japan ‘Summary of Opinions’, in brief I. Economic and Financial Developments II. Monetary Policy III. Opinions from Government Representatives Ministry of Finance: Policies aim to create conditions for wage growth to outpace inflation, transitioning to a growth-driven economy. Bank of Japan expected to align monetary policy with government goals and ensure effective communication with markets. Cabinet Office:…
