EUR/GBP has extended its November downswing to break a range pattern from last week. Will we see a pullback in the next trading sessions? Or will the bears keep calm and carry on with their momentum? We’re taking a closer look at EUR/GBP’s potential pullback levels! EUR/GBP 4-hour Forex Chart by TradingView With no fresh catalysts in the markets,…
There are just a couple to take note of on the day, as highlighted in bold. And they are both for EUR/USD at the 1.0600 and 1.0625 levels. The pair is being pressured to the downside, touching its lowest levels since April now as the dollar continues to rampage forward. As such, that will put added emphasis on key…
The Australian Dollar depreciates due to concerns over potential tariffs on Chinese goods from US President-Elect Donald Trump. Westpac Consumer Confidence index increased by 5.3% in November, reaching 94.6 points. Investors await the US Consumer Price Index data release on Wednesday for insights into future US policy. The Australian Dollar (AUD) extends its losses against the US Dollar (USD)…
2024.11.11 2024.11.11 Trump Has Two Good and Two Bad News. Forecast as of 11.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While deregulation and tax cuts are good for markets, anti-immigration policies and tariffs will likely slow down the US economy. How will the EURUSD pair behave in such troubled waters? Let’s discuss this topic and make a trading plan. The article covers the…
Buckle up for another action-packed trading week, forex friends! This week’s top-tier data include U.S. inflation reports, labor market from the U.K. and Australia, and China’s data dump that could shake up market sentiment. But before all that, make sure you’re updated on the global intermarket moves and major FX themes that pushed the major financial assets around…
National Australia Bank monthly survey of business, for October 2024 Business Confidence +5, highest in nearly two years Business Conditions +7 — Some of the sub indexes: sales +1 to +13 (a strong reading) profitability steady at +5 employment intentions -2 to +3 growth in input costs slowing to 0.9% q/q, from 1.3% in September growth in product prices…
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2024.11.11 2024.11.11 How to Trade Ripple (XRP) Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ This article provides a detailed analysis of Ripple and the XRP token. The Ripple network is one of the oldest in the cryptocurrency market, and the coin of this network is the most unusual in the TOP 10 in terms of capitalization. The Ripple development team is actively improving the…
With the BOE emphasizing a “gradual approach” to easing, can the upcoming U.K. jobs release further dampen hopes of another interest rate cut soon? Our Event Guide for the U.K. Employment Report noted a potential uptick in wage growth, which could continue to lift overall inflationary pressures and give the central bank enough reason to pause easing. …
EURGBP weekly chart Goldman Sachs sees scope for continued GBP outperformance on the crosses, supported by a strong global risk environment, the BoE’s gradual rate-cut approach, and a favorable UK growth outlook relative to Europe. These factors, combined with resilience to geopolitical risks, suggest GBP strength particularly against EUR. Key Points: Global Risk and Positive Beta: GBP’s positive beta…
