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 […]
Denmark’s consumer confidence worsened for the second straight month in March to the lowest level in almost two years, figures from Statistics Denmark showed on Friday. The consumer confidence index dropped to -15.5 in March from -14.5 in the previous month. Further, this was the lowest score since April 2023, when it was -18.2. Four
Canadian Dollar weakened modestly in early US session following disappointing retail sales data. January’s figures showed a larger-than-contraction, and more importantly, an advance estimate points to another drop in February. This suggests consumer spending might be in a weakening trend, raising fresh concerns about Canada’s economic momentum heading into Q2. However, the selloff in the
2025.03.21 2025.03.21 XAU/USD: Elliott Wave Analysis and Forecast for 21.03.25 – 28.03.25 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 2877.11 with a target of 3200.00 – 3500.00. A buy signal: the price holds above 2877.11. Stop Loss: below 2850.00, Take Profit:
GBP/USD Weekly Outlook: Pound Sterling corrects amid geopolitical, economic concerns The Pound Sterling (GBP) corrected after topping near 1.3000 against the US Dollar (USD) mid-week. However, the GBP/USD pair holds at its highest level in four months. Over the weekend, the US launched large-scale airstrikes on Yemen, targeting the Iran-backed militant group Houthis. In response,
Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a
2025.03.21 2025.03.21 GBP/USD: Elliott Wave Analysis and Forecast for 21.03.25 – 28.03.25 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 1.2560 with a target of 1.3500 – 1.4000. A buy signal: the price holds above 1.2560. Stop Loss: below 1.2520, Take Profit:
Prior -28 UK factories continue to report a downturn in the order book balance for March, with the outlook for the coming months also softening. The monthly balance for output expectations over the next three months fell back to -2 after touching a three-month high of +8 in February. CBI notes that “conditions in the
Dutch consumers remained slightly more negative at the end of the first quarter as the assessment of the economic climate in particular deteriorated, data from the Central Bureau of Statistics showed on Friday. The consumer confidence index dropped to -34 in March from -32 in February. Moreover, the indicator in March was well below the
The Pound Sterling declines to near 1.2920 against the US Dollar as the Fed is not in a rush to move to interest rate cuts. The Fed sees high uncertainty over the US economic outlook amid new policies from US President Trump. BoE Bailey is confident that interest rates are on a gradually declining path.
Dollar continues to grapple with reversing its recent bearish trend, but momentum behind the rebound remains tentative at best. The greenback has received modest support from Fed’s stance, with policymakers emphasizing there’s no urgency to resume rate cuts. This, combined with a general reassessment of earlier bearish bets, has helped slow the pace of decline
2025.03.21 2025.03.21 Euro Retreats as Global Trade Tensions Spiral. Forecast as of 21.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Central banks are painting stagflationary scenarios and are prepared to keep interest rates on hold for a long time. They are preparing for the trade wars that are knocking on the door. Let’s discuss this topic and make a trading
TradeCompass | Key Levels & Trade Plan for Nasdaq Futures Current Price: 19,887 (at time of analysis) Bias: Neutral with slight bearish pressure building Nasdaq analysis for today Overview: Nasdaq Analysis for Day Traders and Swing Traders This Nasdaq analysis for today finds the market trading just above yesterday’s close, with the futures hovering around
The Indian Rupee remains stable, with USD/INR hovering near a seven-week low of 86.20. The INR faces potential headwinds from rising crude Oil prices amid ongoing geopolitical tensions in the Middle East. The US Dollar strengthens as risk aversion rises due to concerns over tariff policies. The Indian Rupee (INR) remains stable against the US
Fed Chair Powell’s “inflation is transitory” induced rally in US stocks may be temporary. Market breadth remains weak in the Nasdaq 100. Watch the 20,340/790 key medium-term resistance on the Nasdaq 100 where it may spark another impulsive down move sequence. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached
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
AUD/USD weakens as the US Dollar strengthens on safe-haven demand amid rising risk aversion driven by US tariff concerns. Fed Chair Jerome Powell acknowledged the difficulty in evaluating the broader inflationary impact of tariffs. The Australian Dollar faces pressure as traders reassess the RBA’s monetary policy outlook following disappointing jobs data. AUD/USD remains under pressure
