The Reserve Bank of Australia minutes indicate that the board remains vigilant to upside inflation risks and believes policy needs to remain restrictive. The board saw no “immediate need” to change the cash rate. It is not possible to rule anything in or out regarding future changes in the cash rate. Forecasts are based on the technical assumption that…
AUD/USD holds steady around 0.6505 in Tuesday’s early Asian session. The stronger US economic data and cautious comments from Fed officials might lift the USD. Trump’s policies on taxes, tariffs could weigh on the Aussie. The AUD/USD pair trades flat near 0.6505 amid the consolidation of the US Dollar (USD) during the early Asian session on Tuesday. Investors will…
We’ve got a fresh batch of leading economic indicators on this week’s docket! Apart from the global flash PMI readings, CPI reports from the U.K. and Canadian economy could also spur additional volatility among forex pairs. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…
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…
The US Dollar retreated further and tested three-day lows as the Trump rally seems to have lost some enthusiasm among market participants, although this carries the potential to be only temporary and may open the door to another “buy the dip” move. Here is what you need to know on Tuesday, November 19: The US Dollar Index (DXY) lost…
2024.11.18 2024.11.18 Short-term Analysis for Oil, Gold, and EURUSD for 18.11.2024 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. The euro is trading in a short-term…
Can Canada’s upcoming CPI figures boost Bank of Canada (BOC) easing expectations? Our Event Guide for Canada’s CPI Report listed a couple of underlying metrics pointing to weaker input price pressures, possibly weighing on overall consumer inflation. Here’s what I’m watching on GBP/CAD and CAD/JPY in case the inflation figures fall short again. This Article…
Gold is up sharply in trading today after falling -4.52% last week – its worst week since falling 6.03% during week of June 14, 2021. Technically, looking at the hourly chart, the price moved sharply lower last week and in doing so stayed below its 100-hour moving average (blue line on the chart above). After reaching a key support…
The Greenback goes nowhere after a rather soft start in Asia on Monday. All eyes are on geopolitics after the Biden Administration delivered the green light for Ukraine to use long-range US missiles for targets in Russia. The US Dollar index holds ground above 106.50 for now while the economic calendar is rather flat for this Monday. The US Dollar (USD)…
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…
