All eyes will be on the latest U.K. CPI reports that may hint at the Bank of England’s (BOE) policy decision in December. Our Event Guide for the U.K. October CPI Report points out that leading business surveys and slowdowns in retail activity could lead to subdued monthly price pressures. Weak inflation readings would support BOE members’…
S&P 500 futures The broader market mood is quickly shifting now in European morning trade as there is a whiff of risk-off sentiment in the air. Equities are selling off while bonds are being bid as yields stumble lower. 10-year Treasury yields are now down 6 bps to 4.35% with 10-year German bund yields down 8 bps to 2.28%,…
Gold price scales higher for the second straight day as geopolitical risks drive some haven flows. Bets for less aggressive Fed rate cuts underpin the USD and cap gains for the precious metal. Geopolitical risks offer support to the safe-haven XAU/USD and warrant caution for bears. Gold price (XAU/USD) trims a part of its modest intraday gains to a…
2024.11.19 2024.11.19 Short-term Analysis for Oil, Gold, and EURUSD for 19.11.2024 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. Gold has reached the resistance (B) within…
Missed the range breakdown on EUR/CAD? The pair seems to be in the middle of a correction to the area of interest, but will it keep holding? Take a look at these inflection points I’m watching on the 4-hour time frame: EUR/CAD 4-hour Forex Chart by TradingView European markets had a mostly bearish reaction to the U.S. elections earlier…
Goldman Sachs says that they see the ‘Magnificent 7’ carrying the benchmark index mostly, with the bunch set to outperform as compared to the other index constituents. That being said, they do expect the ‘Magnificent 7’ to only outperform by about 7% – the slimmest margin in seven years. Adding to upside risks, the firm sees a “friendlier mix”…
EUR/USD maintains its position as the US Dollar continues its downward correction. The US Dollar’s downside appears restrained due to dampened odds of an imminent Fed rate cut. ECB President Lagarde stated that Europe should pool its resources in areas such as defense and climate. EUR/USD remains steady with a positive bias, hovering around 1.0600 during Tuesday’s Asian trading…
Will the upcoming U.K. CPI report keep the BOE on track with its gradual easing approach? Our Event Guide for the U.K. October inflation report points out a few leading indicators suggesting stronger price pressures for the month. Here’s what I’m looking at on GBP/CHF and EUR/GBP if the actual figures meet or beat expectations. This…
Reuters with this on the Bank of Japan review of its monetary policy. The review will be released on December 19. Reuters make some assertions on what to expect: symbolic step towards ending its massive stimulus While the BOJ has said the outcome of the review will not have direct implications on near-term monetary policy, it will likely include…
The Australian Dollar holds losses despite the RBA Minutes highlighting the need for restrictive monetary policy. RBA Board members also emphasized that “nothing can be ruled in or out” regarding future monetary policy adjustments. The US Dollar may appreciate as the incoming Trump administration is expected to prioritize tax cuts and higher tariffs. The Australian Dollar (AUD) remains under…
