Prior -6.7% Market index 214.5 vs 214.8 prior Purchase index 137.8 vs 131.3 prior Refinance index 630.0 vs 672.6 prior 30-year mortgage rate 6.73% vs 6.52% prior This article was written by Justin Low at www.forexlive.com.
The Pound Sterling wobbles ahead of the UK budget announcement, in which the Labour administration is expected to raise taxes and boost spending. Investors expect the BoE to cut interest rates by 25 bps on November 7. Market participants await US private employment and Q3 GDP data. The Pound Sterling (GBP) trades cautiously against its major peers on Wednesday…
2024.10.30 2024.10.30 Short-term Analysis for Oil, Gold, and EURUSD for 30.10.2024 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. Oil continued to trade in a short-term…
Data released by the Australian Bureau of Statistics (ABS) showed consumer price increases decelerated from 1.0% to 0.2% in Q3 2024 against market expectations of a 0.3% reading. On an annual basis, Q3 CPI dropped from 3.8% to 2.8%, above the midpoint of the Reserve Bank of Australia’s (RBA) 2% – 3% inflation target. ABS cited “significant falls” in…
Prior +0.2% French Q3 GDP comes in at a beat, with household consumption especially showing a marked improvement compared to the previosu quarter. Again, that owes much to the Olympics though so there’s that to keep in mind. Here is the breakdown of the components: This article was written by Justin Low at www.forexlive.com.
GBP/USD softens to near 1.3000 ahead of UK Autumn Budget The GBP/USD pair weakens around 1.3010 despite the consolidation of the US Dollar (USD) during the early Asian session on Wednesday. Investors await the release of the UK’s Autumn Budget, the US October ADP Employment Change and the advanced US Q3 Gross Domestic Product (GDP), which are due later…
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…
