The USD/CAD price analysis shows anticipation before Canada’s CPI. Economists expect Canada’s monthly inflation to rise by 0.1% after a 0.4% drop. Data on Friday revealed a sharp decline in US sales. The USD/CAD price analysis shows anticipation building ahead of crucial inflation figures from Canada. Meanwhile, the dollar recovered slightly on Monday as market […]
Fundamental Overview Gold came under pressure last Friday following the weak US Retail Sales data. That reaction seemed wrong-footed given that it should actually support gold due to falling real yields. Moreover, Retail Sales are volatile so one negative month doesn’t change anything. Sure enough, the market eventually started to erase the losses with the
2025.02.18 2025.02.18 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.02.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price continues to decline in the bearish impulse wave (C). Consider short trades from the current
Australian Dollar initially dipped after RBA’s widely expected rate cut, but the move was short-lived as the currency quickly stabilized. RBA’s cautious tone on further easing provided underlying support for the Aussie. The central bank made it clear that while policy easing has begun, it is not committing to a rapid or continuous rate-cut cycle.
Average monthly earnings in Slovenia grew in December and in the full year 2024, preliminary data from the statistical office showed on Monday. Average gross earnings rose a nominal 11.3 percent month-on-month and 3.9 percent from a year ago in December. In real terms, the increase was 11.6 percent from November. Gross earnings amounted to
USD/MXN dips below 50-day SMA at 20.42, trading at 20.27. Weak US Retail Sales and softer PPI sub-components fuel Fed easing expectations. Mexico’s Retail Sales, Banxico minutes, and Q4 GDP are in focus this week. The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving
New Zealand’s unemployment rate has accelerated to 5.1% in Q4 2024, a whisker below its Covid peak of 5.2% while Australia’s unemployment rate remained stable at 4%. A further steepening of yield spreads between Australian and New Zealand sovereign bonds may trigger further upside in the AUD/NZD cross rate. Watch the 1.0980 key medium-term support
TD Securities and Goldman Sachs made the largest ranking moves among dealers serving the FX forwards market for European retail funds during the first half of last year. The Canadian bank gained $14.4 billion in notional from trades with Ucits funds, increasing its market share to 9.5% from 7% and becoming the second-largest dealer in
The USD/JPY forecast shows rising bets for another Bank of Japan rate hike. Japan’s GDP increased by 2.8% in the fourth quarter of 2024. Recent BoJ policymaker remarks have shown a more hawkish tone. The USD/JPY forecast shows rising bets for another Bank of Japan rate hike in July after Japan released an upbeat GDP
2025.02.17 2025.02.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.02.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price continues to decline in the bearish impulse wave (C). Consider short trades from the current
Yen gained strength across the board after Japan’s Q4 GDP growth exceeded expectations, with both private consumption and capital investment rebounding. This development supports BoJ’s decision to hike in January and has fueled speculation that another rate increase could arrive sooner than expected. It’s now seen by some economists that the timing of the next
It is Presidents’ Day and both the stock market and bond market will be closed. For a comprehensive list of the market closure hours, you can check out Eamonn’s post here. Typically, an extended weekend may mean a quieter start to the week. But even with it being a holiday, it won’t stop Trump from
EUR/JPY declined following the release of Japan’s Gross Domestic Product report on Monday. Japan’s GDP rose by 0.7% QoQ in Q4, marking the third straight quarter of growth. The Euro may gain if a ceasefire in Ukraine is agreed upon and gas supplies resume. EUR/JPY gives up gains from the previous session, trading around 159.10
The Global Times, a Chinese state tabloid media outlet, with the report. Says Xi attended a symposium on private enterprises on Monday and delivered a speech. This is being read as a sing of support for the private sector after quite the period of neglect from Xi. The Global Times says Xi Jinping is general
NZD/USD gains positive traction for the third straight day amid sustained USD selling. The divergent Fed-RBNZ expectations warrant caution for aggressive bullish traders. Last week’s breakout above the 0.5700 mark supports prospects for additional gains. The NZD/USD pair attracts buyers for the third successive day on Monday and climbs to a two-month peak, around the
Singapore’s non-oil domestic exports (NODX) dropped by 2.1% y/y in January compared to the previous year, exceeding the forecasted 1.1% decline and reversing December’s 9% growth. The fall was primarily driven by a decrease in non-electronic exports. Exports to Hong Kong, the US, and Taiwan rose, while those to China, the EU, and Indonesia declined.
Japan’s gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Monday’s preliminary report. That beat forecasts for an increase of 0.3 percent and was up from the upwardly revised 0.4 percent gain in the previous three months (originally 0.3 percent). On an
