The Australian Dollar remains under selling pressure in Thursday’s Asian session. The firmer USD and lack of further China’s stimulus measures drag the pair lower. The US CPI inflation data will be in the spotlight on Thursday. The Australian Dollar (AUD) extends its decline on Thursday. The stronger US Dollar (USD) amid rising speculation of a 25 basis points…
2024.10.09 2024.10.09 US Dollar May Soar on Fed Mistake. Forecast as of 09.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed has made an error in judgment once in the past year when the regulator believed it had beaten inflation at the beginning of 2023-2024. Against this backdrop, the US dollar strengthened. Is history repeating itself? Let’s discuss this topic and develop a…
The Reserve Bank of New Zealand (RBNZ) has cut its Official Cash Rate (OCR) by 50 basis points to 4.75%, marking a significant shift in its monetary policy stance. This move, while widely anticipated by markets (as discussed in our Event Guide), and it underscores the central bank’s growing concerns about economic growth and its confidence in inflation’s return…
Federal Reserve Bank of San Francisco President Mary Daly Fully supported half-point rate cutQuite confident we are on path to 2% inflationWe are at full employmentWith policy rate steady, real rate was risingRising real rate was a recipe for overtightening and injuring the labor marketRate cut was a recalibration, to rightsize rates for the economySize of September rate cut…
Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps. CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause. US 10-year Treasury yield rises to 4.062%, supporting the US Dollar. Traders await Thursday’s CPI data for further direction…
2024.10.09 2024.10.09 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.10.2024 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: Highlights and key points BTCUSD: the rate is expected to decline in impulse C. Consider short positions from the current level with Take…
Expectations for aggressive Fed easing appear to be fading these days, so will the upcoming CPI release further convince the U.S. central bank to shed its dovish feathers? Market analysts are expecting slightly slower price pressures for September, but some leading indicators are hinting at a potential upside surprise. Check out these USD/CHF and AUD/USD setups on…
1. A Few A few participants suggested that firms remained reluctant to lay off workers after having difficulty obtaining employees earlier in the post-pandemic period. A few participants also added that a 25 basis point move could signal a more predictable path of policy normalization. A few participants remarked that the overall path of policy normalization, rather than the…
The Dow Jones added three-quarters of a percent on Wednesday, climbing over 300 points. Equities are staging a rebound after the week’s early declines. Stocks weigh wholesale inventories data and Fedspeak ahead of latest FOMC Meeting Minutes. The Dow Jones Industrial Average (DJIA) rallied another 300 points on Wednesday, extending a bullish turnaround after an early-week decline that briefly…
2024.10.09 2024.10.09 Economic calendar for the week 14.10.2024 – 20.10.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar continued to rally last week, following the release of robust macroeconomic data the week before. This data significantly lowered the chances of a substantial interest rate cut at the US Fed November meeting. Next week, the European Central Bank is scheduled to hold its…
