It’s only Tuesday, but what a week already! 😲 Yesterday, investors around the world experienced a roller-coaster ride as global stock markets plunged, only to partially recover today. A significant contributing factor to this turbulence was the unwinding of the “carry trade,” a popular but risky investment strategy. The carry trade involves borrowing money in a currency with low…
A dour view from Greenlight Capital’s David Einhorn in a note to investors: From a market perspective, we don’t think it matters very much who wins “The economic policies of both parties are remarkably similar. Both favour large deficits despite a strong economy. We believe this supports our ongoing expectations of higher secular inflation in the coming years Higher…
Mexican Peso trades near lows of the day, USD/MXN above 19.50. Weak Mexican auto production and export data highlight economic slowdown, influencing market sentiment. Banxico may consider lowering borrowing costs at the August 8 meeting due to slower growth and lower inflation. The Mexican Peso extended its daily losing streak to four against the Greenback. It remained above the…
2024.08.06 2024.08.06 Mexican Peso No Longer ‘Super’. Forecast as of 06.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Mexican peso has demonstrated consistent strength since the spring of 2020, reaching an eight-year high against the US dollar in April. However, the market dynamics shifted significantly by the end of the summer. Let’s discuss this topic and make a trading plan for the USDMXN…
Like other “risk” assets, the New Zealand dollar lost pips to its safe haven counterparts as optimism over lower interest rates turned into concerns that a high interest rate environment has led to recessionary conditions in the U.S. and other major economies. The Swiss franc, in particular, found extra support from an anti-USD sentiment from the previous days. …
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…
The US Dollar is recovering from Monday’s meltdown and advances against the Japanese Yen. Overnight, the RBA confirmed the Fed’s stance that a few data points are not enough to change the narrative. The US Dollar index flirts with a break above 103.00 and could turn this week’s performance into positive territory. The US Dollar (USD) recovers mildly on…
2024.08.06 2024.08.06 Zcash Price Forecast & Predictions for 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The popularity of cryptocurrencies is on the rise despite regulatory restrictions. Apart from well-known digital assets such as Bitcoin, Ethereum, and Litecoin, there are others attracting investors’ attention. One of them is ZEC, which has great potential to be profitable in the long run. Zcash…
As expected, the Reserve Bank of Australia (RBA) kept its official cash rates at a 12-year high of 4.35% for a sixth meeting in a row in August. The central bank emphasized that high inflation remains a concern, saying that it has “fallen substantially” but is “proving persistent” above the 2% – 3% target range. The closely watched quarterly…
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…
