A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts on Wednesday. Can you guess which catalysts caused some of the biggest moves in the last trading sessions? We’re breaking them down for ya: Headlines: Australia’s annual CPI steady at 2.1% (2.5%…
Trump says he spoke with Mexico’s Sheinbaum: agreed to stop migration through Mexico into the US effectively closing the US southern border If so this will mean Turmp’s threats if big tariffs on Mexico won’t go ahead. This article was written by Eamonn Sheridan at www.forexlive.com.
USD/CAD softens to around 1.4025 in Thursday’s early Asian session. US core PCE inflation climbed to 2.8% YoY in October, as expected. Trump’s tariff plans on Canadian imports could weigh on the Canadian Dollar. The USD/CAD pair edges lower to near 1.4025 during the early Asian session on Thursday. The US Dollar Index (DXY) weakens to a multi-day low…
2024.11.27 2024.11.27 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.11.2024 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: Major Takeaways BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 102,606.42. XRPUSD: The price is expected…
The major indices move lower on the day ahead of the Thanksgiving day holiday tomorrow. The markets will reopen on Friday. The mega caps and technology stocks moved lower with Dell leading the way after disappointing guidance for the Q4: A snapshot of the closing levels shows: Dow industrial average -138.25 points or -0.31% and 44722.06 S&P index -22.89…
The Greenback faced strong and sudden downward pressure, retreating to multi-day lows due to lower US yields and investors’ adjustments to month-end flows. Here is what you need to know on Thursday, November 28: The US Dollar Index (DXY) sold off to multi-day lows, breaking below the 106.00 support in tandem with extra weakness in US yields. The US markets…
2024.11.27 2024.11.27 Short-term Analysis for Oil, Gold, and EURUSD for 27.11.2024 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. Oil continues to trade in a short-term…
The November FOMC minutes revealed a Committee firmly committed to a gradual, methodical approach to monetary policy easing. All participants backed the 25 basis-point cut to 4.50% 4.75%, but what’s particularly interesting was their repeated emphasis that policy decisions were “not on a preset course.” The Fed seems determined to avoid any market assumptions about a predetermined path of…
USD/JPY is down a whopping 260 pips today following a 140-pip decline yesterday. The pair is trading at 150.46 fr om a high of 156.76 mid-month. That’s a real turn and it’s particularly dramatic today as the US dollar is dogged by month-end flows. USD/JPY daily It’s a case of “up the escalator, down the elevator” that’s typical of…
United States EIA Crude Oil Stocks Change below forecasts (-1.3M) in November 22: Actual (-1.844M)
