Trading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday’s range. Loonie failed to react to significantly stronger-than-expected retail sales data. Euro dipped earlier following weak PMI reports, but selling pressure quickly fizzled out. Yen saw some volatility during the Asian session, initially weakening alongside Japanese bond […]
2025.02.21 2025.02.21 XAU/USD: Elliott Wave Analysis and Forecast for 21.02.25 – 28.02.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2725.20 with a target of 3100.00 – 3300.00. A buy signal: the level of 2725.20 is broken to the upside. Stop Loss:
2025.02.21 2025.02.21 EUR/USD: Elliott Wave Analysis and Forecast for 21.02.25 – 28.02.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 1.0280 with a target of 1.0635 – 1.0940. A buy signal: the level of 1.0280 is broken to the upside. Stop Loss: below 1.0250, Take
The USD/CAD outlook shows easing fears of a trade war between the US and China. Trump said he would soon meet China’s president. Market participants are expecting retail sales data from Canada. The USD/CAD outlook shows easing fears of a trade war between the US and China which has boosted risk sentiment, weighing on the
The GBPUSD is trading to a new high and in the process is testing a key swing area up to 1.2670 and the 100-day MA at 1.2666. The high price just reached 1.2670. This is a key technical level for both buyers and sellers. Move above and stay above and traders will start to look
United States EIA Natural Gas Storage Change below forecasts (-188B) in February 14: Actual (-196B) Source link
The USD/JPY outlook suggests a scramble for safety in the yen. The US president announced a likely 25% tariff on automobiles. The FOMC meeting minutes revealed inflation worries due to Trump’s trade policies. The USD/JPY outlook suggests a scramble for safety in the yen as market participants worry about Trump’s tariffs. At the same time,
The London gold market is facing a mounting structural crisis. Bullion banks that lend precious metals to producers and each other moved over 200 tonnes of gold to New York in January in response to US President Donald Trump’s tariff threats, leaving the London market desperately short of physical supplies. Dealers in London routinely borrow
The S&P and NASDAQ indices are positive on the day and trading near session highs. S&P index is up 14.15 points or 0.23% at 6143.79. Yesterday index closed at a record high. Anything positive today would be a another record high NASDAQ index is up 40 points or 0.20% at 20081 The Dow industrial average
For AI’s magic hammer, every problem becomes a nail – FX Markets End of drawer navigation content Skip to main content Risk.net survey finds banks embracing a twin-track approach to AI in the front office: productivity tools today; transformation tomorrow Hammers are great at knocking in nails. It’s the job for which they were made.
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from December. Key highlights All
The forex markets remain rather indecisive today. Traders are paring back expectations for BoE rate cuts after UK inflation surged to a 10-month high. A March rate cut is now off the table, and markets are no longer fully pricing in two BoE cuts this year. However, this shift has provided only minimal support for
The British pound continues to have an uneventful week. In the European session, GBP/USD is trading at 1.2595, down 0.13% on the day. UK inflation hits 3% in January Consumer inflation in the UK rose to 3% y/y in January, a sharp rise from the 2.5% gain in December and higher than the market estimate
2025.02.19 2025.02.19 RBA Cuts Cash Rate Contrary to Market Odds. Forecast as of 19.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The decline in cash rate from 4.35% to 4.1% does not mean that the monetary expansion cycle will continue in line with market expectations. This was the conclusion of the Reserve Bank of Australia, which supported the AUDUSD pair.
Fundamental Overview The S&P 500 is back around the all-time highs after a strong rally triggered by the benign US PPI and the Trump’s reciprocal tariffs announcement. In fact, despite a higher than expected US PPI report, the details that feed into the Core PCE index, which is what the Fed focuses on, were all
