Canada is about to drop its November labor market data! Markets heading into the release are pricing an 84% chance the Bank of Canada (BOC) holds rates at its December 10 meeting, making this the last major data point that could shift those odds. Here are the points you need to know if you’re trading the event!…
The sources say that China’s major state-owned banks were seen buying dollars in the onshore market this week and held on to them in what a not so typical situation in the Chinese market. The dollar buying comes as state banks tried to smooth out the surging rise of the yuan currency. However, this time around lenders did not…
The Pound Sterling (GBP) holds onto Wednesday’s gains against its major currency peers on Thursday, extending its rally since the announcement of the United Kingdom (UK) budget on November 26. Market experts broadly believe that the absence of any major tax burden on households, and the Labour Party keeping its self-imposed rule of avoiding fresh borrowings for day-to-day spending,…
2025.12.04 2025.12.04 US Dollar Declines Against Soft Jobs Data. Forecast as of 04.12.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Signs of a cooling labor market and slowing inflation have reinforced the position of FOMC doves. The futures market expects an 89% probability of a Fed rate cut in December, which is putting pressure on the US dollar. Let’s discuss this topic and make…
EUR/JPY is a few pips away from a major resistance zone! Think we’ll see an upside breakout in the next trading sessions? Or will the bears attack and keep the pair inside its 150-pip range? EUR/JPY 4-hour Forex Chart by TradingView The Japanese yen has had a rough start to December as growing expectations for Fed rate cuts keep…
It is being reported that the BOJ would want to push forward with a rate hike to end the year with the government expected to tolerate such a decision, according to the sources. As a reminder, a rate hike here would be the first since January and BOJ governor Ueda certainly alluded to that rather heavily on Monday already…
The Japanese Yen (JPY) edges lower against the rebounding US Dollar (USD) during the Asian session on Thursday, though any meaningful depreciation seems elusive. Traders ramped up their bets for an imminent rate hike by the Bank of Japan (BoJ) following Governor Kazuo Ueda’s remarks earlier this week. Moreover, a survey showed on Wednesday that private sector output in…
2025.12.03 2025.12.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.12.2025 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 is expected to rise to 98,375.79 in the linking wave (XX) in the near term. Consider long…
Weak U.S. private payrolls data reinforced expectations for a December Federal Reserve rate cut, sending the dollar to its worst single-day loss since September. Equities and bonds rallied on growing confidence that policymakers will ease despite lingering inflation concerns. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines…
Earlier: The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s…
