Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot showing two more 25 bps cuts by the…
Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will analyze the impact of whether Yen’s strengthening since August will impact prices by the same degree as previous Yen weakness had on prices.” The BoJ left the benchmark interest rate at 0.15%-0.25% following its September policy meeting. Additional quotes Today’s CPI…
2024.09.20 2024.09.20 Short-term Analysis for Oil, Gold, and EURUSD for 20.09.2024 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 reversed its short-term downtrend yesterday….
Risk-taking and anti-USD sentiment are extending bitcoin’s gains against the U.S. dollar! How high will BTC/USD fly before the OG crypto goes back to its longer-term downtrend? If the downtrend picks up, it could do so at these levels: Bitcoin (BTC/USD) Daily Chart by TradingView Unless you’ve been too busy binging on the 2024 Emmy Awards winners, you should…
The dollar fell in trading yesterday as the post-Fed digestion continues to play out. Equities ripped higher but so far today, there hasn’t been much follow through. USD/JPY is down slightly as the BOJ keeps monetary policy unchanged but dollar pairs in general are holding on to narrow ranges thus far. Meanwhile, S&P 500 futures are down marginally by…
Gold prices rose in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 6,968.89 Indian Rupees (INR) per gram, up compared with the INR 6,949.19 it cost on Thursday. The price for Gold increased to INR 81,283.71 per tola from INR 81,054.03 per tola a day earlier. Unit measure Gold Price in INR…
It was another busy day as traders digested the Fed’s latest rate cut, BOE’s decision to stand pat, better-than-expected U.S. data, and developing stories in the Middle East. Which assets took advantage of Thursday’s headlines? We’re discussing them below! Headlines: New Zealand GDP contracted 0.2% in Q2 2024 (-0.4% forecast, previous reading downgraded from 0.2% to 0.1%) Australia’s August…
1500 GMT / 1100 US Eastern time 2024 Michel Camdessus Central Banking Lecture by ECB President Christine Lagarde organised by the IMF 1530 GMT / 1130 US Eastern time Conversation between ECB President Christine Lagarde and Kristalina Georgieva, Managing Director IMF, at 2024 Michel Camdessus Central Banking Lecture organised by the IMF in Washington, USA I haven’t got a…
The Japanese Yen appreciates as traders expect the BoJ to keep interest rates unchanged on Friday. Japan’s Consumer Price Index rose to 3.0% YoY in August, reaching its highest level since October 2023. The US Dollar faces challenges due to rising odds for additional Fed rate cuts in 2024. The Japanese Yen (JPY) edges lower against the US Dollar…
2024.09.19 2024.09.19 Fed Starts with Bold Move. Forecast as of 19.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed took action to mitigate the risk of a slowdown in the labor market by reducing rates by 50 basis points at the outset of its monetary expansion cycle. Market reaction was relatively subdued. Let’s discuss this topic and make a trading plan for the…
