Bank of America (BofA) analysts highlighted a shift in market sentiment, identifying long U.S. dollar positions as the most crowded trade, and now a significant headwind for the currency. This perspective aligns with BofA’s recent reports on the U.S. dollar, emphasizing the stark contrast between current market positions and historical trends. The analysts’ findings indicate […]
2025.01.17 2025.01.17 USD/CHF: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.9201 with a target of 0.8724 – 0.8386. A sell signal: the price holds below 0.9201. Stop Loss: above 0.9245, Take Profit:
The main event in the European session was the release of the UK Retail Sales data which missed expectations across the board by a big margin. The GBP is currently under pressure as a result. We will also have the Eurozone CPI report but it’s the final reading, so it’s unlikely to be market moving.
The Australian Dollar appreciates after the release of economic figures from China. China’s GDP grew 5.4% YoY in Q4 of 2024 after reporting a 4.6% expansion in Q3. US Retail Sales increased by 0.4% MoM in December, against the expected 0.6% growth. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following the
(Corrects the size of a possible BOJ rate increase in paragraph 2 to 25 basis points, not 50 basis points) By Laura Matthews NEW YORK (Reuters) -The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike sent it tumbling to a
THe USDCHF felll sharply after yesterday’s US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving average and up to
The Australian dollar is showing little movement on Thursday, after a three-day rally in which the Aussie rose 1.3%. In the North American session, AUD/USD is trading at 0.6218, down 0.12% at the time of writing. Australia adds 56.3 thousand jobs Australia’s labor market continues to hum and has been a bright light in an
South Korea’s FX reforms working amid political crisis, dealers say – FX Markets End of drawer navigation content Skip to main content Martial law presented first test for reforms aimed at boosting deliverable KRW market Foreign exchange activity in the wake of South Korea’s political crisis indicates recent reforms aimed at bringing more Korean won
Activity in the forex markets has turned relatively subdued today, with no clear trend emerging as traders shift into a cautious stance. With no top-tier economic data scheduled for the rest of the week, attention is turning to the impending inauguration of US President-elect Donald Trump next Monday. The spotlight is squarely on his anticipated
TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal
The Pound Sterling drops as the UK GDP rose at a slower-than-expected pace, and factory activity contracted in November. Traders have raised BoE dovish bets for February’s policy meeting. Investors await the US weekly jobless claims and Retail Sales data for December on Thursday. The Pound Sterling faces selling pressure in Thursday’s North American session after the
Investing.com — UBS Group AG (NYSE:) is advising investors to short the Indian rupee and reduce their holdings in the country’s stocks. The Swiss banking institution’s research division suggests that India’s $4 trillion economy is experiencing a structural slowdown. This downturn isn’t attributed to cyclical factors such as oil price fluctuations or sluggish government expenditure.
2025.01.16 2025.01.16 Top 10 Strongest Currencies in the World in 2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ In times of global instability, currency markets face numerous factors influencing the value of national currencies. Variables like inflation, interest rates, and trade balance play a crucial role in shaping the exchange rate. The highest currency serves not only as a sign
2025.01.16 2025.01.16 Pound Rebounds as UK Bond Turmoil Calms. Forecast as of 16.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When the central bank accelerates its rate-cutting cycle, the currency typically encounters a decline. However, the GBPUSD pair surged on the back of slowing inflation in the UK. At first glance, this may seem counterintuitive, but the surge was driven
Yen’s near term rebound gained momentum again today, supported by BOJ Governor Kazuo Ueda’s persistent messaging about a potential rate hike at next week’s policy meeting. Ueda’s repeated remarks are interpreted as laying the groundwork for markets to brace for a monetary policy shift. While recent polls as of last week indicated only a minority
