2024.11.20 2024.11.20 US Dollar Loses Momentum. Forecast as of 20.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The EURUSD pair shows signs of recovery after a precipitous collapse, supported by heightened geopolitical tensions in Eastern Europe and declining US Treasury yields. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Major Takeaways Geopolitical risks have boosted demand for…

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The U.K. Consumer Price Index (CPI) increased to 2.3% year-over-year in October, surpassing expectations of 2.2% and rising from 1.7% in September. This brings inflation back above the Bank of England’s 2% target. Key points from the Office for National Statistics (ONS) report: Core inflation, excluding energy, food, alcohol, and tobacco, rose to 3.3% from 3.2% Services inflation increased…

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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…

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Bank of England (BoE) Deputy Governor Dave Ramsden spoke late in the London market session on Wednesday, highlighting the BoE dove’s stance on rate cuts versus the UK’s current inflation outlook. The BoE policymaker shrugged off October’s upswing in UK inflation as an outlier, convinced that UK inflation will continue to fall fast enough to allow the BoE to…

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2024.11.20 2024.11.20 Visa Stock Forecast for 2024, 2025-2026, and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Visa Inc. is an international company with a focus on payment technologies. It was founded in 1958 and went public in 2008. Visa operates one of the largest electronic payment networks in the world, with coverage in more than 200 countries. Notable acquisitions such as Cybersource and…

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Trading psychology books and blogs often talk about the need to “remove” emotions from decisions to get more consistent trading results. But can you really remove emotions from decision making? University of Bergen’s Hans-Rüdiger Pfister and Gisela Böhm argue that emotions are NOT external forces that disrupt an otherwise non-emotional process of making a decision. In fact, they believe that decision making…

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The broader US stock indices are trading lower to start the new trading day: S&P index -9.50 points or -0.16% at 5907 NASDAQ index -45 points or -0.26% at 18937.50 Dow industrial average up two points or 0.01% at 48274 Russell 2000 -5.87 points or -0.25% at 2318.91 Shares of Nvidia trading down $1.50 or -1.03% at $145.54 ahead…

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GBP/JPY rises as a result of a mixture of higher-than-expected UK data and lower safe-haven flows into JPY.  UK inflation data beat expectations, increasing bets the Bank of England will leave interest rates at relatively high levels.  The differential between the two country’s interest rates – 4.75% for the UK and 0.25% for Japan, lends a bullish bias to…

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2024.11.20 2024.11.20 Swiss Franc Enjoys Its Safe-Haven Status. Forecast as of 20.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The threat of nuclear war has driven US Treasury yields down and revived interest in safe-haven currencies such as the Japanese yen and the Swiss franc. Will the fear help USDCHF bears? Let’s discuss this topic and make a trading plan. The article covers the…

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Today we saw a stronger-than-expected Canadian CPI print, potentially setting up CAD/CHF for a continued upside move in the short-term. With headline inflation jumping to 2.0% versus 1.9% expected, and core measures also running hotter, the odds of another BOC rate cut in December appear to be diminishing rapidly. Let’s examine how we may theoretically structure a…

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