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Australian Dollar defends its ground despite tariffs-related cautious market mood
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure
Earlier reports are wrong, tariffs are coming February 1
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that
USDCHF sellers lean against target swing area,but sellers have work to do.What to eye now?
The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating
FX Options Trading: Strategies and Insights for Forex Market Success
2025.01.31 2025.01.31 Forex Options Trading Explained Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Derivatives are a common trading instrument, and traders often choose futures or CFDs on Forex pairs. However, Forex options trading represents probably the most effective and profitable instrument. The popularity of this derivative has grown significantly, largely due to the rapid expansion of binary options trading. Owing
Canada’s GDP declines, Canadian dollar lower
The Canadian dollar is steady on Friday. In the North American session, USD/CAD is trading at 1.4523, up 0.23% on the day. The week wrapped up with Canada’s GDP, a report card on the strength of the economy. The November reading of -0.2% was a disappointment. This marked the first contraction of the year. There
Dollar Unfazed by Core Inflation Uptick, Loonie Muted on GDP Contraction
Forex markets remain largely subdued today, with Canadian Dollar being the exception as volatility rises ahead of the implementation of US tariffs tomorrow. Canada is reportedly well prepared to respond with retaliatory measures on US imports worth up to CAD 150B. This comes at a time when Canada’s economy is already under pressure, with November’s
EUR/USD slides as soft inflation in Germany’s six states validates ECB dovish bets
EUR/USD declines to near 1.0370 as inflation in six states of Germany decelerates in January. Donald Trump threatens to impose 100% tariffs on BRICS and 25% on Mexico and Canada. The Fed kept interest rates at their current levels on Wednesday. EUR/USD faces selling pressure and declines to near 1.0370 in Friday’s European session. The major
USD/JPY Price Analysis: Dollar Rebounds as US Tariffs Loom
Trump emphasized his plans to impose tariffs on Canada and Mexico. The US economy grew by 2.3%, compared to estimates of 2.7%. The yen is set to end the week with an over 1.5% gain. The USD/JPY price analysis indicates an increasing likelihood of a 25% US tariff on goods from Mexico and Canada, supporting
Bitcoin (BTC/USD) Rises Above $105k as US States Ponder Bitcoin Strategic Reserve
Bitcoin’s price surges past $105k, driven by a weaker US dollar and growing institutional interest. Several US states are considering adopting Bitcoin reserves, further enhancing Bitcoin’s appeal. Grayscale launches a Bitcoin Miners ETF. On-chain analysis suggests potential for further price appreciation. Most Read: US Dollar Index (DXY) Analysis: Hawkish FOMC Pause, Trump’s Fed Criticism, and
Euro Gains Modestly After ECB Cut, Dollar Soft on GDP Miss
Euro is trading slightly higher following the ECB’s widely expected 25bps rate cut, though the move lacks strong momentum. In her post-meeting press conference, President Christine Lagarde reinforced the bank’s “gradual easing path”. She stated that a larger 50bps cut was not even considered today, making it clear that an aggressive rate-cutting cycle is off
A clash in month-end FX rebalancing signals this month – Deutsche
Deutsche says that their month-end FX model is hinting at conflicting signals from a relative equity performance versus a seasonal performance standpoint. The firm says that rebalancing flows on the back of relative equity performance suggests mild USD buying against the euro. However, seasonality points towards broad USD selling – in particular on month-end itself
Decoding the Long-Legged Doji Candlestick Pattern in Trading
2025.01.30 2025.01.30 Mastering the Long-Legged Doji: A Trader’s Guide Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ A long-legged doji is part of the broader doji family. This candlestick pattern has long wicks or shadows. Traders use it to predict price reversals in the market. The pattern consists of a candlestick with a small body, which has almost the same opening
USD/CAD Forecast: BoC-Fed Divergence Widens After Trump
The BoC lowered borrowing costs by 25-bps as expected. Canada’s central bank downgraded its economic forecasts. The Federal Reserve kept rates unchanged as expected. The USD/CAD forecast shows a divergence in policy and economic outlooks between the Bank of Canada and the Fed due to Trump’s policies. BoC policymakers are worried Trump’s tariffs will weaken
LCH expects to boost deliverable FX clearing with new adds
LCH expects to boost deliverable FX clearing with new adds – FX Markets End of drawer navigation content Skip to main content Onboarding of dealers and link-up with CLS could swell interbank deliverable FX clearing volumes LCH ForexClear is entering the next phase of its deliverable interbank foreign exchange forwards clearing service. As some of