The dominant trends that shaped Q1 in global markets appear to have run their course, with most major assets entering consolidation phase last week. US stocks staged a mild recovery from steep selloff since mid-February, but upside momentum was notably weak. Meanwhile, Dollar, which had been under pressure throughout March, appeared to find a near-term […]
A Reuters poll revealed that on March 27, Banco de Mexico (Banxico) is expected to cut interest rates by 50 bps amid the evolution of the disinflation process and an ongoing economic slowdown. Economists expect rates to get as low as 8.25% in 2025 Of 25 economists, 23 expect the central bank to lower borrowing
AUD/JPY was seen trading around the 93.70 zone, recording its third consecutive day of mild losses. Despite the negative streak, the pair continues to hold above the 20-day SMA, suggesting downside may be limited. Momentum indicators remain soft; RSI stays in negative territory while MACD shows flat green bars. On Friday’s session the AUD/JPY edged
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Pessimism among Euro area households increased in March as the consumer sentiment measure unexpectedly sunk to its lowest level in three months, preliminary survey data from the European Commission showed on Friday. The flash consumer confidence indicator for Eurozone fell to -14.5 from -13.6 in February, while economists were looking for an improvement to -13.0.
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
