Market price action was mixed at the start of the week, as some traders stood on the sidelines ahead of this week’s data releases while others priced in the increased tensions in the Middle East. Which of your closely watched assets saw increased volatility and directional price action? We’re breaking them down today: Headlines: RBA Deputy Gov. Andrew Hauser…
Prior was +4 Business confidence +1 vs +4 prior This article was written by Adam Button at www.forexlive.com.
USD/JPY drifts lower to around 147.10 in Tuesday’s early Asian session. The rising geopolitical risks in the Middle East continue to support the JPY. The US Producer Price Index (PPI) for July will be in the spotlight on Tuesday. The USD/JPY pair weakens to near 147.10 during the early Asian session on Tuesday. The modest decline of the US…
2024.08.12 2024.08.12 Gold Price Forecast & Predictions: 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The gold price forecast employs a comprehensive analysis of major factors affecting the precious metal’s supply and consumer demand. It also encompasses trading patterns, fractals, and emerging market trends. What lies ahead for gold? Will it rise in price? In this article, we’ll delve into historical data,…
The Japanese yen weakened in value against the U.S. dollar on Monday, after a wild ride last week. Markets, in particular Japan’s, were rocked last week by an unwinding of the hugely popular yen carry trade, which involves borrowing yen at a low cost to buy other currencies and assets offering higher yields. The violent sell-off in USD/JPO between…
“U.S. & Israeli officials tell me their assessment is that the Iranian attack isn’t happening tonight,” Axios reporter Barak Ravid reports. h/t @newsquawk This article was written by Adam Button at www.forexlive.com.
AUD/USD registered a boost, settling near 0.6600. RBA maintains its hawkish position, undergirding a strengthened AUD. Investors to eye upcoming mid-tier Australian economic figures during the Asian session. The AUD/USD pair experienced an increase of 0.40% during Monday’s session, settling near 0.6600. Undoubtedly, the Reserve Bank of Australia’s (RBA) unwavering hawkish stance and stronger Chinese inflation figures reported last…
2024.08.12 2024.08.12 Euro to Dollar (EURUSD) Forecast for 2024-2025 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ EURUSD is one of the major currency pairs. It means that it’s one of the most traded pairs in Forex. However, traders around the globe try to predict its future price for more than opening successful trades. The direction of EURUSD may reflect the strength of…
Brace yourselves, fellow traders! We’re in for another wild ride since this trading week is filled to the brim with major news catalysts. One of the main events on the docket is the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision, but we’re also likely to see volatile action during the release of U.S. CPI and PPI…
A RCP US election poll sees: Harris 47.6% Trump 47.1% A virtual dead heat. Polls are nice, but it will be the swing states that will likely determine the next president. Key swing states include: Wisconsin Michigan Ohio Pennsylvania Georgia Arizona Both candidates have the potential to win the popular vote but lose election because they lose the swing…
