The broader US stock indices are trading lower to start the new trading day: S&P index -9.50 points or -0.16% at 5907 NASDAQ index -45 points or -0.26% at 18937.50 Dow industrial average up two points or 0.01% at 48274 Russell 2000 -5.87 points or -0.25% at 2318.91 Shares of Nvidia trading down $1.50 or -1.03% at $145.54 ahead…
GBP/JPY rises as a result of a mixture of higher-than-expected UK data and lower safe-haven flows into JPY. UK inflation data beat expectations, increasing bets the Bank of England will leave interest rates at relatively high levels. The differential between the two country’s interest rates – 4.75% for the UK and 0.25% for Japan, lends a bullish bias to…
2024.11.20 2024.11.20 Swiss Franc Enjoys Its Safe-Haven Status. Forecast as of 20.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The threat of nuclear war has driven US Treasury yields down and revived interest in safe-haven currencies such as the Japanese yen and the Swiss franc. Will the fear help USDCHF bears? Let’s discuss this topic and make a trading plan. The article covers the…
Today we saw a stronger-than-expected Canadian CPI print, potentially setting up CAD/CHF for a continued upside move in the short-term. With headline inflation jumping to 2.0% versus 1.9% expected, and core measures also running hotter, the odds of another BOC rate cut in December appear to be diminishing rapidly. Let’s examine how we may theoretically structure a…
That’s a bit problematic for the ECB as pay growth is seen accelerating once again. That is unlikely to put off a December rate cut though as the wages data here hasn’t really translated to any significant reacceleration in consumer prices. So, the hope for policymakers is that wage pressures should fade going into next year. But we’ll see….
United Kingdom DCLG House Price Index (YoY) meets expectations (2.9%) in September
2024.11.20 2024.11.20 Short-term Analysis for Oil, Gold, and EURUSD for 20.11.2024 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. Yesterday, oil reached the resistance (A) 69.84 – 69.54….
Canada’s headline inflation rate bounced back in October, with the Consumer Price Index (CPI) rising to 2.0% year-over-year, up from September’s three-year low of 1.6%. Turned out, the return to the Bank of Canada’s (BOC) target rate was primarily driven by a smaller decline in gasoline prices. On a monthly basis, the headline CPI increased 0.4% in October, reversing…
It is said that the two discussed the matter on the sidelines of the G20 summit, with Xi stating that China is ready to “consolidate” a strategic partnership with Germany. That before raising the matter of the tariffs imposed by the EU on Chinese-made EVs. Xinhua also reports that China is looking to “resolve the differences through dialogue and…
ASX: SUN Elliott Wave technical analysis Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SCENTRE GROUP – SCG. We see ASX:SUN continuing to push higher with wave (iii)-orange of wave ((v))-navy. ASX: SUN one-day chart (semilog scale) analysis Function: Major trend (Minuette degree, purple). Mode: Motive. Structure: Impulse. Position: Wave (iii)-orange of Wave ((v))-navy. Details:…
