Is there a chance the Bank of Japan (BOJ) can sound more upbeat in this week’s policy statement? Or will currency jawboning outweigh any cautious remarks policymakers may have? Check out these potential breakouts setups I’m watching on NZD/JPY and CHF/JPY in case the Japanese central bank seems less dovish. This Article Is For Premium Members Only…
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 Australian Dollar remains steady after a release of lower-than-expected CPI data on Wednesday. The monthly Australian CPI rose by 2.1% YoY in September, coming in below the expected 2.3% and previous 2.7% readings. The US Dollar may appreciate due to market caution persisting amid uncertainty surrounding the US presidential election and US data. The Australian Dollar (AUD) holds ground…
2024.10.29 2024.10.30 Economic calendar for the week 04.11.2024 – 10.11.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Although the expectations of new aggressive interest rate cuts by the Fed have diminished, the US dollar continued to dominate the market last week, supported by rising US bond yields and positive US statistics. Market participants will turn their attention to Thursday, November 7, when US Fed…
Inflation data from Australia for the July – September quarter and for September month. 2.8% y/y headline, below the top of the RBA target band of 2 – 3%. Trimmed means is a core measure, comes in at 3.5% y/y The other measure of core inflation is ‘weighted median’: 0.9% q/q expected 0.8%, prior 0.8% 3.8% y/y expected 3.6%,…
Gold climbs to new ATH at $2,774 as mixed US data bolsters expectations of a Fed rate cut in November. Safe-haven demand remains strong amid heightened Middle East conflict, Ukraine war, and rising odds for a Trump victory in US elections. Investors await key economic data this week, including GDP, Nonfarm Payrolls, and the PCE Price Index, which could…
A reminder that the October nonfarm payrolls report could be difficult to interpret. Says Claudia Sahm: Jobs Day will likely be messier than usual with recent hurricanes and a strike weighing temporarily on payrolls. Even with solid underlying growth the headline could look rough. October will likely be tough to watch. More than ever, we must read through the…
The US dollar held steady, finishing almost unchanged from Monday’s close. This stability came amid a slowdown in the rally of US yields, ongoing uncertainty ahead of the US election, and anticipation of key US data releases. Here is what you need to know on Wednesday, October 30: The US Dollar Index (DXY) kept its inconclusive price action in…
2024.10.29 2024.10.29 EURUSD May See Another Sell-Off. Forecast as of 29.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ EURUSD bears will use disappointing economic data for the US dollar to initiate more short trades. In the current economic climate, the so-called Trump trade is a more significant factor than others. Let’s discuss this topic and make a trading plan. The article covers the following…
The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes. Check out the headlines that are driving price action. Headlines: Israel’s targeted airstrikes over the weekend avoided Iran’s oil and nuclear facilities Japan’s LDP elections pointed to loss of majority for ruling coalition for the…
