Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Kudlow A Wall Street Journal report says Trump is tiring of a “cold war” between Howard Lutnick and Scott Bessent for the job as Treasury Secretary and is now looking at others. One is TV personality Larry Kudlow, who was director of the National Economic Council for the latter half of Trump’s first term. The report also said that…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
It’s still very early for Q4 GDP estimates but the Atlanta Fed is at 2.5%, unchanged compared to the prior update. “An increase in the nowcast of fourth-quarter real personal consumption expenditures growth was offset by a decrease in the nowcast of fourth-quarter real gross private domestic investment growth,” the report said. This article was written by Adam Button…
The Canadian Dollar continued its march lower on Friday. Canada remains inconsequential on the economic calendar. CAD traders to wait for next Tuesday’s Canadian CPI print. The Canadian Dollar (CAD) found fresh lows on Friday as broader markets continues to pivot into the safe haven Greenback. A slight miss in US Retail Sales was all it took to bolster…
Mon: G20 (Brazil) Tue: NBH Policy Announcement; RBA Minutes (Nov); EZ Indicator of Negotiated Wage Rates (Q3), EZ HICP (Final), US Building Permits/Housing Starts (Oct), Canadian CPI (Oct) Wed: UK CPI (Oct), German PPI (Oct) Thu: CBRT & SARB Policy Announcements; UK PSNB (Oct), US Initial Jobless Claims (w/e 16th Nov), Philadelphia Fed (Nov), Existing Home Sales (Oct), EZ…
Gold price dips below $2,570 head for an over 4% weekly decline. Jerome Powell indicates the Fed is cautious about cutting rates despite positive US economic indicators. Investors adjust expectations for a December rate cut, with likelihood dropping to 62% after Powell’s comments. US Retail Sales show growth while Industrial Production improved, despite remaining subdued. Gold prices extended their…
Until today, USD/JPY had rallied every day this week in impressive fashion. However after some tough talk from the finance minister today, there is some heavy selling. The pair is now down 201 pips to 154.23 as it’s now cut through Wednesday’s low. USD/JPY daily chart I hesitate to put too much of the blame on the drop on…
The Dow Jones fell seven-tenths of a percent on Friday. Stocks are paring back recent election-fueled gains. US Retail Sales beat forecasts, but still grew by a smaller amount in October. The Dow Jones Industrial Average (DJIA) trimmed it’s recent bull run, declining over 350 points at its lowest and giving back roughly 0.85% as investors grapple with an…
2024.11.15 2024.11.15 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 15.11.2024 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 94,414.17. XRPUSD: Subwave (1) continues forming…
