The Mexican Peso rises in key pairs as expectations of lower interest rates in the US and Europe weigh on counterparts. The USD is hit by a revival of the debate over a 50 or 25 bps cut, and the Euro by lower economic growth forecasts. USD/MXN reaches the downside target after a key breakout from a rising channel. …
2024.09.13 2024.09.13 Short-term Analysis for Oil, Gold, and EURUSD for 13.09.2024 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 has reached the resistance (A)…
European Central Bank (ECB) policymakers announced their unanimous decision to lower their main deposit rate by 0.25% as expected, following its previous cut in June. The central bank cut its deposit facility rate from 3.75% to 3.50% and its main refinancing rate from 4.25% to 3.65%, citing weaker growth prospects due to slower private consumption and investment activity. Link…
The only highlight in the European session will be the Industrial Production data, which is rarely a market moving release though. The main event for today will be the University of Michigan Consumer Sentiment report but it’s unlikely to change anything in terms of market pricing unless we get huge deviations. 14:00 GMT/10:00 ET – US September UMich Consumer…
EUR/USD builds on this week’s bounce from a multi-week low amid a bearish USD. Bets for a larger rate cut by the Fed and a positive risk tone weigh on the Greenback. Bulls need to wait for a break through a descending channel before placing fresh bets. The EUR/USD pair builds on the previous day’s goodish recovery move from…
2024.09.12 2024.09.12 US Dollar Turns the Page. Forecast as of 12.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Has the US economy reached a point where high inflation is no longer a concern? The market is skeptical. The greenback benefited from rising Treasury yields and the prospect of a 25-basis-point Fed rate cut in September. Let’s discuss this topic and make a trading plan…
It was a risk-on day for financial markets, as crude oil closed out with nearly a 3% win while gold hit fresh record highs. U.S. stock traders also had a blast, as the S&P and Nasdaq chalked up their fourth consecutive day in the green. Check out the latest headlines! Headlines: Japan’s producer price index slowed from 3.0% year-on-year…
Dudley was president and chief executive officer of the Federal Reserve Bank of New York from January 27, 2009, through to 2018. He also served as the vice chairman and was a permanent member of the Federal Open Market Committee (FOMC). I think there’s a strong case for 50, whether they’re going to do it or not,” he said…
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1030, as against the previous day’s fix of 7.1214 and 7.1048 Reuters estimates.
2024.09.12 2024.09.12 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 12.09.2024 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: Highlights and key points BTCUSD: an ascending zigzag is expected to rise to 64,899.77. Consider a long position. XRPUSD: an impulse rise to…
