Aussie mildly declined to 0.6250 on Monday trading on a tight range. Market eyes upcoming RBA minutes for policy clues. Any RBA dovish hint could push the pair even lower. The Australian Dollar trades in a tight range around 0.6250 as investors look ahead to Tuesday’s Reserve Bank of Australia (RBA) minutes. Markets remain focused on whether the central…
Let’s kick off a quick recap of the year for the U.S. dollar. Because it is the global reserve currency and the U.S. financial system is the largest and “safest” in the world, movements in the U.S. dollar and U.S. yields are massively influential across the broad financial markets. So, it’s usually a good practice to review the Dollar’s…
The bond market got a reprieve on Friday with the cooler PCE report. You would think today’s soft consumer confidence data would also help bring down yields but that’s not the case. Instead, US 30-year bond yields are up 6.3 bps to 4.78%, which is the highest since May. The late-April high of 4.85% is now within striking distance…
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Bitcoin has been pulling back from its recent highs, with bears taking control after prices broke below a key rising trendline support. Check out these inflection points to watch on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Chart by TradingView BTC/USD has shown weakness in the past few trading days after breaking below its rising lows pattern that had…
The USDCHF moved higher last week but found willing sellers near the 38.2% of the range from the 2022 high at 0.9025. The high last week reached 0.8921. The subsequent move lower on Thursday and into Friday after the weaker PCE data sent the price to a key swing area between 0.8914 to 0.8923. The fall stalled near that…
The pair kicks off the week with a 0.35% slide to 1.0400, halting its brief two-day winning streak. RSI drops to 38 in negative territory, while MACD shows flat red bars, pointing to persistent downside pressure. The 20-day SMA continues to cap any attempted rebounds, keeping the pair under bearish control. EUR/USD opened the new trading week on a…
2024.12.23 2024.12.23 US Fed Insists on Rate Cuts. Forecast as of 23.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Rumors that the December cut in the federal funds rate would be the final one caused investors to worry. However, inflation data and Fed officials’ remarks have helped alleviate these concerns. Let’s discuss this topic and make a trading plan for the EURUSD pair. The…
Having biases is a pretty normal occurrence in trading since it mostly involves having an inclination for potential market behavior based on data. However, some cognitive biases can turn out to impair decision-making, as these tend to cloud our ability to read the markets objectively and make good trading decisions. Among the more common biases include: Recency bias: Placing…
It is a holiday week with Christmas eve tomorrow and Christmas day on Wednesday breaking up the action. Nevertheless the markets will be open in the US on Monday and again on Tuesday for a portion of the day. The US stock market will close early on Tuesday at 1 PM ET, while the Bon market will close at…
