Mon: US Holiday: Veterans Day. BoJ SOO (Oct), BoC SLOS; Norwegian CPI (Oct) Tue: Fed SLOOS, OPEC MOMR; German CPI (Final), ZEW (Nov), UK Unemployment/Weekly Earnings (Sep), US NFIB (Oct) Wed: Riksbank Minutes (Nov), EIA STEO; Australian Wage Price Index (Q3), US CPI (Oct) Thu: ECB Minutes (Oct), Banxico Policy Announcement, IEA OMR; Australian Unemployment Rate (Oct), Swedish CPIF…
China Producer Price Index (YoY) below forecasts (-2.5%) in October: Actual (-2.9%)
2024.11.08 2024.11.08 15 Best Forex Trading Books for Beginners and Advanced Traders Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Forex trading books are an alternative to private blogs, theoretical papers, forums, and separate articles. Books consistently and deeply reveal the essence of trading, and expert authors share their experiences. Moreover, books allow you to revisit and review the material at your own pace at…
Trump’s presidential win sparked a broad market rally, with investors piling into assets on hopes for business-friendly policies and fiscal stimulus under the new administration. Bitcoin made some of the biggest waves while U.S. stock indices also reached record levels. However, the excitement eased a bit toward the end of the week as both the Fed and Bank…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
China Consumer Price Index (MoM) below expectations (-0.1%) in October: Actual (-0.3%)
2024.11.08 2024.11.08 How to Trade EURUSD – Best Forex Strategies Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Today, I will deal with the most popular Forex trading asset – the EURUSD pair. We shall dive into the history of EURUSD, explore modern trends, and have a look at euro-dollar trading strategies. This overview will be of interest to both beginners and professionals! The article…
Markets rode a rollercoaster with Trump’s election victory, dovish rate cuts from the Fed and BOE, and strong Chinese trade data driving major FX moves.
The USDCAD has dipped below the 100 hour MA at 1.3900. Last week, the price dipped below the MA but failed after finding support at a swing level, and bounced. This is another try that gives the sellers a win, IF the sellers can continue the momentum going. If so, the 200 hour MA becomes the next key target>…
EUR/USD rises further around 1.0890 on Eurozone upbeat GDP growth and hot inflation. ECB Lagarde sees more interest-rate cuts and said she is hopeful about inflation returning to the bank’s target of 2%. The US Dollar will be influenced by the US presidential election, NFP, and the ISM Manufacturing PMI data. EUR/USD extends its upside to near 1.0890 in Thursday’s North American session following Wednesday’s…
