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 Pound Sterling drops to near 1.3230 against the US Dollar as the latter gains temporary ground. Economists expect annual core PCE inflation to accelerate to 2.7%. For fresh cues on the BoE interest rate path, investors await Catherine Mann’s speech at 12:15 GMT. The Pound Sterling (GBP) declines from a more-than-two-year high of 1.3266 against the US Dollar…
2024.08.28 2024.08.28 Short-term Analysis for Oil, Gold, and EURUSD for 28.08.2024 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 is correcting downward to the…
USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend? We’re looking at a potential reversal ahead of the release of Uncle Sam’s second GDP reading! This Article Is For Premium Members Only Become a Premium member for full website access, plus get:…
It’s going to be a very boring day on the data front as the calendar is absolutely empty today. Unfortunately, this week is like a placeholder for the next one which is going to have lots of top-tier indicators like the ISM PMIs and will conclude with a bang on Friday with the NFP report. The only thing that…
Gold price loses ground in Wednesday’s early European session. The deteriorating situation in the Middle East and the Fed’s dovish stance underpin the Gold price. Traders await the speeches from the Fed’s Waller and Bostic on Wednesday. The Gold price (XAU/USD) loses momentum amid the modest rebound of the US Dollar (USD) on Wednesday. However, the escalating geopolitical tensions…
I’m seeing a steady uptrend on the hourly chart of AUD/USD, but it looks like the pair is stalling at its August highs. Could it go for a pullback or a break higher? Here’s what I’m expecting for the U.S. preliminary GDP report and the inflection points I’m watching This Article Is For Premium Members Only Become…
The early Asian Pacific session has seen the AUD emerge as the strongest of the major currencies while the JPY is the weakest. Fundamentally, the Australia CPI did come out a little higher than expectations at 3.5% vs 3.4%, but the good news is it seems to be moving lower after peaking at 4.0% in May.. The low for…
The Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that the financial and capital markets remain unstable and the Japanese central bank needs to monitor these developments with utmost vigilance. Key quotes The financial and capital markets remain unstable. The BoJ needs to monitor these developments with utmost vigilance. BoJ also intends to carefully examine the impact these market….
2024.08.27 2024.08.28 Economic calendar for the week 02.09.2024 – 08.09.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants are trying to predict if the US Fed will lower interest rates at its meeting in September. Many experts believe there’s a nearly 100% chance of a rate cut. Economists are now speculating on the magnitude of the interest rate reduction by the end of…
