One of the more important themes we have discussed before is the need for traders (especially the newbies) to focus on the process rather than the profits. The idea is that a good, disciplined trader could always turn the odds in his favor if he has honed his skills enough to deal with whatever scenario is thrown his way….
The major indices are little changed to start the trading day. Of course, the FOMC rate decision will be key at 2 PM ET where the Fed is expected to cut by 50 basis points but the decision can go either way. What the Fed chair says, what the Dot plot and the projections for GDP, unemployment, PCE inflation…
The US Dollar is under pressure as markets are still divided over the size of the Fed rate cut. Traders will sit on their hands until the decision is out, followed by the Fed’s Chair Powell press conference. The US Dollar Index retraces on Wednesday after the prior day’s small bounce. The US Dollar (USD) retraces and trades below…
2024.09.18 2024.09.18 Loonie Rate Hinges on Fed Cut Size. Forecast as of 18.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The cooling labor market, falling inflation to the target, and GDP growth twice as slow as the Bank of Canada forecasts leave USDCAD bears no chance. Only the Fed can throw them a lifeline. Let’s talk about this topic and make a trading plan. The article…
After their “finely balanced” interest rate cut last month, will the Bank of England (BOE) follow through with a more convincing easing decision this time? Or will they choose to be “very mindful, very demure” with another narrow vote? Here’s what to expect for the BOE decision and how GBP pairs could react. This Article Is For…
A lot of Hezballah pagers blew up yesterday but what will it do to the oil market? Some people thought oil might surge but the chart and price action does not care about what we think. Here is oil technical analysis I see but please do your own research and trade at your own risk. Oil technical analysis after…
GBP/JPY recovers early lost ground following the release of the UK consumer inflation figures. The headline UK CPI held steady at 2.2%, while the core CPI accelerated to the 3.6% YoY rate. The upside remains capped as traders await the BoE and the BoJ monetary policy meetings. The GBP/JPY cross attracts some dip-buyers following an intraday slide to the…
2024.09.18 2024.09.18 Short-term Analysis for Oil, Gold, and EURUSD for 18.09.2024 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. Gold is correcting downward. The article covers…
The Aussie has been able to keep its head up so far this week, but will the upcoming Australian jobs release change all that? Here’s what I’m watching on the hourly chart of EUR/AUD. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies…
But the key focus in markets today is of course the FOMC meeting decision. Will it be a 25 bps or 50 bps rate cut? That is the question. As things stand, traders are still pricing in ~65% odds of a 50 bps rate cut for today. And therein lies the balance of risks ahead of the Fed policy…
