Labour’s large tax-and-spend budget – described by some as an ‘old Labour’ policy – is still reverberating across UK asset markets, ING’s FX analyst Chris Turner notes. New Gilt supply coming dangerously close to £300bn “The Pound Sterling (GBP) briefly got a lift yesterday on the view that the budget was stimulative and that the Bank of England easing cycle would need…
2024.10.31 2024.10.31 Short-term Analysis for Oil, Gold, and EURUSD for 31.10.2024 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. The euro continued to correct yesterday. The…
Uncle Sam is about to drop its October labor market numbers! Will the results inspire repricings of interest rate cut expectations for the Fed? More importantly, how may the U.S. dollar react to the news? We have the points you need to know if you’re trading the event! This Article Is For Premium Members Only Become a…
Rate cuts will continue Remains prudent on inflation outlook Our goal is in sight but cannot say that inflation is completely under control Future rate cuts will be determined by underlying economic data in the coming months There’s nothing new here in her latest comments. The ECB is still poised to cut rates further, with traders now leaning more…
EUR/USD attracts fresh sellers on Thursday amid a modest USD strength. Bets for smaller Fed rate cuts and elevated US bond yields benefit the USD. Diminishing odds for aggressive ECB easing could limit losses for the pair. The EUR/USD pair meets with some supply during the Asian session on Thursday and erodes a part of the previous day’s gains…
The U.S. dollar pulled back some of its weekly gains after an advance GDP reading disappointed market expectations. Are we looking at an opportunity to buy the Greenback at lower levels? We’re zooming in on the 4-hour chart to check out a range setup: U.S. Dollar Index (DXY) 4-hour Forex Chart by TV In case you missed it, the…
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 Japanese Yen remains confined in a familiar range as traders keenly await the BoJ decision. The BoJ is expected to keep policy settings unchanged in the wake of domestic political uncertainty. The attention will then turn to the release of the US PCE Price Index later during the US session. The Japanese Yen (JPY) extends its consolidative price…
2024.10.30 2024.10.30 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 30.10.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: The price may rise to a peak of 73,760.00 in impulse . Consider long positions from the current…
Will the Bank of Japan (BOJ) sit on its hands for yet another meeting? Pressure seems to be coming from the political and economic fronts for policymakers to support growth while preventing excessive FX moves. Here’s what markets are expecting for the upcoming central bank announcement! This Article Is For Premium Members Only Become a Premium member…
