High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Federal Reserve Bank of New York President John Williams noted on Wednesday that the Fed’s future monetary policy decisions will depend heavily on economic data. He highlighted the significant uncertainty facing the Fed, much of which stems from potential changes in government policy. Key Quotes Monetary policy data-dependent in highly uncertain environment. Government policy outlook main source of uncertainty. …
2025.01.15 2025.01.15 Intraday Trading Strategies Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Intraday trading involves closing all trades before the trading session ends and the market closes, regardless of whether they were opened at the beginning of the session or in the last hour. Trades can be rolled over to the next day, but only in case of a strong trend. This strategy minimizes…
Every good trader will tell you that keeping a trading journal is as important as the shirt on your back, if not more important. But what some newbies fail to realize is that’s just the beginning. Keeping track of your trading performance is much more than just looking at the profit and loss statement that you see at the bottom of…
Prior month +2.1% Canada manufacturing 0.8% versus 0.5% estimate Wholesale trade for November -0.2% versus -0.7% estimate. Prior month 1.0 percent Sales were higher sales in 13 of 21 subsectors Other details: Aerospace Products & Parts: Sales increased 9.3%, driving the overall gain. Highest level on record Petroleum & Coal Products: Sales rose 2.6%. Motor Vehicle Parts: Largest decrease,…
The US Consumer Price Index is set to rise 2.9% YoY in December. The core CPI inflation is seen steady at 3.3% last month. The Fed is widely anticipated to keep interest rates unchanged in January. The US Consumer Price Index (CPI) report for December, a critical gauge of inflation, is set to be released on Wednesday at 13:30…
2025.01.15 2025.01.15 Yuan Poised to Lose Ground Against Greenback. Forecast as of 15.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite the People’s Bank of China’s (PBoC) commitment to maintaining yuan stability, it is important to face the fact that differing monetary expansion rates with the Fed and a new trade war between Beijing and Washington will likely spur USDCNH quotes. Let’s discuss this…
All eyes are on the U.S. December inflation report, which could reshape traders’ interest rate expectations ahead of the Fed’s next meeting. Our Event Guide for the U.S. December CPI highlights that leading indicators, such as business surveys, suggest persistent price pressures. Even the latest PPI report, while slightly lower for the month, still points to sticky high…
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some trouble in the markets…
CAT Elliott Wave Analysis Trading Lounge. Caterpillar Inc., (CAT) Daily Chart. Function: Counter Trend. Mode: Corrective. Structure: Complex. Position: Wave {iv} of 3. Direction: Bottom in {iv}. Details: We could have a wave {iv} in place which would suggest the trend is strong. If not we could have completed wave (a) of {iv}. CAT Elliott Wave technical analysis – Daily chart…
