The NZDUSD fell to a new low for the year on Monday on the back of the sharp fall in the Nikkei 225 (-12.4%). However, that new low only took out the April 2024 low by a few pips, and the price snapped higher. The momentum stalled near highs from last week nearly 0.5982 and after a run back…
EUR/USD wrapped up the trading week nearly where it started. Market balance has broadly recovered as wait to Fed cuts resumes. Coming up next week: EU GDP & US CPI inflation. EUR/USD finished off a sedate trading week close to where it began, trading within a tight range of slightly more than 1%. Fiber tried to spark a fresh…
2024.08.05 2024.08.05 EOS Price Prediction for 2024, 2025, 2026-2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications or ‘dApps.’ The coin is recognized as one of the leading tokens in the crypto world, although the market capitalization is not that big. While Ethereum is far…
ANZ provides insights into the outlook for the USD and GBP in the upcoming week, focusing on the impact of recent macroeconomic data and positioning trends. Key Points: USD Outlook: Macroeconomic Stability: Despite market reactions suggesting otherwise, ANZ believes the US macroeconomic backdrop is not as dire. The labor market is easing but trending towards normalization rather than a…
Gold advances for the second day on Friday, buoyed by expectations of Fed easing in September. US economic data shows deceleration but not enough to stoke recession fears. Ongoing Middle East tensions between Israel, Lebanon and Iran keep Gold demand firm. Gold prices advanced modestly for the second straight day as market participants remain convinced the Federal Reserve (Fed)…
2024.08.05 2024.08.05 NEO Price Prediction for 2024, 2025–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Known for its volatility, the digital currency market has always been exposed to both opportunities and risks. NEO, often called “China’s Ethereum,” has always been on this typical rollercoaster ride, experiencing sharp ups and downs. However, the cryptocurrency continues to attract attention in the crypto sphere, sparking…
The Canada jobs data had something for everyone today. The unemployment rate was steady vs. last month at 6.4%, but lower than the estimate of 6.5%. The employment data showed a decline of -2.8K for the 2nd consecutive month decline, but there was 61K of full time jobs but -64K of part time jobs. So the mix was at…
The AUD/JPY pair declined to 96.45 on Friday resuming the losses after three sessions with gains. However, technical indicators suggest a shift towards neutral territory, with the RSI moving out of the oversold zone and the MACD showing decreasing red bars. The cross will close a weekly gain of nearly 1% despite the losses. In Friday’s session, the AUD/JPY…
2024.08.09 2024.08.09 US Dollar Holds Steady after Jobs Relief. Forecast as of 09.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Disappointing US employment data has become a trap for EURUSD bears. The prospect of an economic downturn and the possibility of a significant reduction in the Federal Reserve’s interest rates have made the US dollar vulnerable. However, it has managed to find a way…
“I am not confident that inflation will decline in the same way as in the second half of last year.” Inflation still “uncomfortably above” 2% target Labor market showing signs of cooling, but uncertainties remain Upside risks to inflation persist, including housing and geopolitical factors Calls for patience in monetary policy decisions Critical of rapid regulatory changes in banking…
