2024.11.18 2024.11.18 US Dollar Edges Higher on ‘Trump Gap’. Forecast as of 18.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed and the ECB’s differing pace of interest rate cuts is not the sole reason for the EURUSD pair’s collapse. The significant gap in stock index gains and the rally in US Treasury yields have attracted capital flows to the US. Let’s discuss…
Experiencing fear while trading is normal, but it can get in the way of catching good market moves and being consistently profitable. Fear is considered as a basic survival mechanism. Without fear, we won’t be able to recognize danger and respond appropriately. The problem with fear comes when we let the perceived danger of stopping out or losing money…
To start trading day and the trading week, the USD is trading down and back up vs most of the major currency pairs. It is mostly lower vs the NZD and the JPY today. In the US debt market yields are higher with the yield curve steepening: 2-year yield of 0.7 basis points 4.314% 5-year up 2.0 basis points…
AUD/USD appears oversold below 0.65 relative to where Asian currencies and commodity prices are, DBS’ Senior FX Strategist Philip Wee notes. RBA to issue minutes for the November 5 meeting “We expect no surprises in tomorrow’s Reserve Bank of Australia minutes for the November 5 meeting. Last Friday, RBA Governor Michele Bullock confirmed it would be some time before inflation…
2024.11.18 2024.11.18 Yen Under Pressure from Trump Factor. Forecast as of 18.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The return of Donald Trump to the White House has introduced uncertainty for the USDJPY. The currency pair declined before September. However, the outlook shifted as the likelihood of Trump’s victory increased. Let’s discuss this topic and develop a trading plan. The article covers the…
Canada may print sticky high or higher price pressures in October, which could ease the pressure on the Bank of Canada (BOC) to keep on cutting its interest rates. Our Event Guide for Canada’s October CPI Reports points to rising wage growth and seasonal activity potentially keeping inflation sticky high for the month. If true, BOC –…
Domestic sight deposits CHF 455.0 bn vs CHF 455.4 bn prior Swiss sight deposits were little changed in the past week, still keeping within the range seen in the last few months. The trend as per below: This article was written by Justin Low at www.forexlive.com.
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Monday, “Trump’s tariffs may have a minor impact on inflation.” He added, “global integration would have to decrease substantially to cause a noticeable rise in inflationary pressures.” Market reaction These comments have little to no impact on the Euro, as the EUR/USD pair keeps its range near 1.0500 at…
2024.11.18 2024.11.18 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.11.2024 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: Major Takeaways BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 96,000.00 XRPUSD: The price is expected to…
NZD/JPY has been cruising inside this range since last month, and it looks like another bounce off support is due. Or are we about to see a breakout soon? Check out these inflection points we’re watching on the 4-hour time frame: NZD/JPY 4-hour Forex Chart by TradingView NZD/JPY has been pacing back and forth between support near the 90.00…
