The Hong Kong Monetary Authority acts as Hong Kong’s central bank. The HKMA is buying HKD to support the local currency. Its hit the upper extreme of its trading band (ie strong USD/weak HKD) – more on this below. I’ve posted on this before, ICYMI: Since 1983, the HKD has been pegged to the U.S. dollar under a Linked…
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2025.06.25 2025.06.25 Short-Term Analysis for Oil, Gold, and EURUSD for 25.06.2025 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. Short-term forecast for oil, gold, and euro-dollar…
S&P Global’s flash PMIs showed that U.S. business activity kept growing in June but lost a bit of steam, with the composite PMI dipping to 52.8 from 53.0 in May. It’s still above that all-important 50 line, but the pace of growth is slower than what we saw in late 2024 and is now at a two-month low. Flash…
High-yield 3.879% WI level at the time of the auction 3.874% Tail +0.5 basis points vs 6 month average of -0.5 basis points Bid to cover 2.36X versus 6 month average of 2.39X Directs (domestic demand) 24.44% versus 6month average of 18.2% Indirects (international demand) 64.68% versus 6-month average of 70.5% Dealers (they take the balance and distribute) 10.88%…
“Federal financial policy, debt, doesn’t affect our month-to-month policy decisions,” Federal Reserve (Fed) Chairman Jerome Powell said while testifying about the Semi-Annual Monetary Policy Report before the Senate Banking Committee on Wednesday. Key takeaways “Ample reserves enable banks to keep lending through stress.” “Return to scarce reserves would not save money.” “Unwinding ample reserves would take years.” “Enormous benefits…
2025.06.25 2025.06.25 Too Early to Count Gold Out. Forecast as of 25.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The recent ceasefire in the Middle East, brokered by Donald Trump, has delivered a sharp blow to gold’s safe-haven appeal. However, support from central banks and other factors have helped contain panic among XAUUSD traders. Let’s discuss these topics and make a trading plan. The article covers…
Taking quick and multiple setups a day could increase the chance of winning more trades. It also means that you could catch pips AND have time for other pursuits like sports, hobbies, and a SOCIAL LIFE… right? Hate to burst your bubble, but forex trading doesn’t always work that way. Taking more trades doesn’t necessarily translate to more profits….
USDCHF technicals After two days of sharp declines, the USDCHF plunged to new lows not seen since 2011, breaking below the April low at 0.80388 but only reaching an extreme low of 0.8034 on Wednesday. The sell-off was exacerbated by dovish signals from Fed Chair Powell, who acknowledged that a July rate cut is possible—fueling dollar weakness across the…
The Australian Dollar extends gains due to the Israel-Iran ceasefire. Australia’s Monthly Consumer Price Index increased by 2.1% YoY in May, against the expected 2.3% rise and the 2.4% prior. Fed Chair Powell advocated for delaying rate cuts, likely until sometime in the fourth quarter. The Australian Dollar (AUD) extends its gains for the third successive session on Wednesday….
