The USDJPY moved to the lowest level since July 31 2023 after falling below the end of December low at 140.248. The low price extended to a somewhat random level at 139.570 before rotating back to the upside. That move has now taken the price back above the end of December low at 140.248. It has also moved back…
The Norges Bank is a relatively recent adopter of inflation targeting. Prior to 2001, it had a very long history of targeting the exchange rate under various systems, the most recent of which was a managed float of the NOK vs its main trading partners., Rabobank’s FX strategist Jane Foley notes. EUR/NOK pull back to the 11.60 area is…
2024.09.16 2024.09.16 Short-term Analysis for Oil, Gold, and EURUSD for 16.09.2024 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. On Friday, oil reached the resistance (B)….
Whether you’re a seasoned forex trader or just a newbie, I’m sure you’ve already come across a few generalizations about trading. But be warned! Some may have some truth, but these three are nothing but myths. Here are three of them: 1. “Try often enough and pretty soon you’ll succeed.” Perhaps we have Disney to blame for having this…
Dudley It’s been quite a turn for former New York Fed President Bill Dudley. Back in late May, he was calling for the Federal Reserve to hike rates further but now he’s saying they should be cutting by 50 basis points. The two objectives of the Fed’s dual mandate — price stability and maximum sustainable employment — have come…
USD/CAD is trading mixed on Monday as news weakens both partners in the pair. The US Dollar is falling as bets ramp up for a 0.50% cut in interest rates from the Fed. The Canadian Dollar weakens as a result of comments from the BoC governor over the weekend. USD/CAD trades in the 1.3580s, seesawing between tepid gains and…
2024.09.16 2024.09.16 USDJPY Market Expects Overnight Rate Hike. Forecast as of 16.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The yen has undergone a notable shift in performance, emerging as a prominent market leader. Regardless of the pace at which the Bank of Japan implements monetary policy adjustments, the Fed’s rate reduction has created a favorable environment for the USDJPY pair’s decline. Let’s discuss…
The New Zealand dollar had a pretty tough week last week, as China’s growth concerns, weaker-than-expected mid-tier domestic data, and overall risk aversion highlighted the commodity-related currency’s relative weakness in the FX space. Meanwhile, the Bank of Canada’s (BOC) willingness to explore deeper interest rate cuts isn’t doing CAD bulls favors. In fact, the oil-related Loonie failed to capitalize…
Fundamental Overview Late Thursday, around 1:00 PM ET, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market is attentive to all of his pieces…
FX option expiries for September 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1000 1.2b 1.1005 450m 1.1025 1.0b 1.1035 756m 1.1050 518m 1.1080 536m 1.1100 440m 1.1115 674m 1.1125 835m 1.1145 2.4b 1.1150 1.3b 1.1175 546m USD/JPY: USD amounts GBP/USD: GBP amounts 1.3000 1.6b 1.3145 828m 1.3175 454m 1.3200 1.5b 1.3300 974m USD/CAD: USD amounts AUD/USD: AUD amounts
