Federal Reserve Chair Jerome Powell said on Thursday at an event in Dallas that with the economy growing steadily, a strong job market, and inflation still above the 2% target, there’s no need for the central bank to hurry into cutting interest rates. Instead, he emphasised that they can take their time and make thoughtful decisions. Key Takeaways Economy…
2024.11.14 2024.11.14 US Dollar Advances as Fed Pause Unlikely. Forecast as of 14.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The actual CPI data was in line with forecasts, prompting the futures market to reassess the trajectory of the fed funds rate. However, the central bank’s rhetoric can hardly be called dovish, which supports the US dollar. Let’s discuss these topics and make a…
Market correlations seemed out of sync, as traders braced for the the U.S. CPI report and a series of FOMC member speeches that influenced Fed policy expectations and overall sentiment. Bitcoin once again surged to new all-time highs while crude oil tossed and turned in reaction to production-related concerns. Headlines: Australia quarterly wage price index came in at 0.8%…
‘Barclays expects the USD to maintain its resilience and bullish momentum through 2025, driven by strong US economic momentum and market adjustments in the Fed’s rate expectations. President-elect Trump’s proposed trade and fiscal policies add further support, outweighing modest Chinese economic stimulus efforts. Key Points: US Economic Momentum and Fed Rate Expectations: Economic strength in the US has led…
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2024.11.14 2024.11.14 Best Scalping Indicators on Forex Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Scalping is a type of high-frequency trading that involves holding trades in the market from a few seconds to a few minutes. This trading strategy is complex, requiring maximum concentration, good reaction, quick decision making, and intuition. Nevertheless, scalpers can earn several times more per trading day than positional traders,…
U.S. crude oil prices have been down bad all week as traders priced in global demand concerns. How low can crude oil go with a lot of closely watched support levels nearby? We’re taking a closer look at WTI (USOIL)’s 4-hour time frame! WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed it, the Black Crack…
Welcomes easing in inflation expectations We need to pay attention to both sides of our mandate Nothing notable here. This article was written by Adam Button at www.forexlive.com.
India Trade Deficit Government: $27.14B (October) vs $20.78B
2024.11.14 2024.11.14 Pound Loses Ground Against Greenback. Forecast as of 14.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The British pound grows reluctantly on positive economic news and experiences sell-offs against unfavorable data releases. The Bank of England’s hawkish stance initially supported the GBPUSD pair. However, the release of weaker-than-expected labor market data led to a notable decline in the currency pair. Let’s discuss these…
