ANZ-Roy Morgan Australian Consumer Confidence weekly survey was out earlier, doing a bit of a catch up. Comes in at 85.8 prior 87.1 inflation expectations 5.2% (prior 5%) ANZ comment: positive impact of the new year appears to be waning the series is still up 1.9 points from the end of December *** Below 100
USD/CAD softens to around 1.4300 in Tuesday’s early Asian session. Trump did not impose tariffs on US trading partners on his first day in the White House. BoC’s latest Business Outlook Survey suggested that the overall economic sentiment remains subdued. The USD/CAD pair remains on the defensive around 1.4300 during the early Asian session on Tuesday, pressured
The British pound started the day with light gains but has soared in the North American session. GBP/USD is currently trading at 1.2290, up 1.06% on the day. US financial markets are closed for Martin Luther King Day and Donald Trump will be inaugurated as US president later today. Trump set to issue executive order
By Stefano Rebaudo (Reuters) -The dollar took a dive on Monday after U.S. President-elect Donald Trump was quoted as saying he will not impose trade tariffs straight after his inauguration, which is set to take place later in the session. Trump will issue a broad trade memo on Monday that stops short of imposing new
2025.01.20 2025.01.20 Top 10 Forex Robots for Automated Trading Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Who earns more on the financial markets: an automated trading expert advisor or a real person? The best Forex robots can analyze the situation thousands of times faster, sort through the possible options and choose the best one. In addition, advisers are not susceptible
Future Sales Expectations at +31% vs +13%: Improved outlook with stronger demand expected, boosted by interest rate cuts (highest since Q2 2021) More widespread plans to increase investment, well above historical average Recession expectations at 15% vs 16% Further easing in capacity constraints, labor shortages less intense Labor shortages among lowest in survey history (ie,
Dollar weakened broadly in early US session as reports from The Wall Street Journal indicated that Donald Trump, during his inauguration, will only outline his trade vision but avoid imposing new tariffs for now. While this temporarily calms market fears of immediate disruptions, the situation remains dynamic, and unexpected developments could trigger sharp reversals, especially
Gold prices found stability above $2700/oz after an initial drop. Historically, gold prices saw an initial two-day rally followed by a decline after Trump’s 2017 inauguration, driven by safe-haven demand and uncertainty. Technically, gold appears to be in a “wait and see” mode, with a bounce off the 2700 handle suggesting potential upside. Markets will
Investing.com – Sterling has struggled of late, weighed by concerns surrounding the UK’s financial position. UBS sees the potential for further losses near term, but thinks the fiscal concerns are undone and gains are likely later in the year. At 06:15 ET (11:15 GMT), rose 0.2% to $1.2201, but has dropped over 3% over the
New Zealand Dollar (NZD) is likely to trade sideways between 0.5560 and 0.5610. In the longer run, upward momentum has largely faded; NZD is expected to trade in a 0.5540/0.5650 range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. NZD to trade in a 0.5540/0.5650 range 24-HOUR VIEW: “Our view for NZD
Trump’s presidency might be bullish for the dollar. Trump’s tariffs will increase demand for locally produced goods. Traders expect the Bank of Japan to hike rates this week. The USD/JPY forecast shows indecision ahead of Trump’s inauguration speech. At the same time, market participants are gearing up for the Bank of Japan policy meeting. However,
Dollar is trading slightly lower today as markets await Donald Trump’s inauguration as the 47th US President. Attention is focused on his inaugural speech, expected to confirm his policy priorities. However, the real market-moving event is likely to be the series of executive actions Trump has promised to enact immediately. Over 200 directives are anticipated,
2025.01.20 2025.01.20 Short-Term Analysis for Oil, Gold, and EURUSD for 20.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is
There is just one to take note of, as highlighted in bold. That being for EUR/USD at the 1.0300 level again. Amid some slight dollar weakness ahead of Trump’s inauguration, the expiries here should act as a magnet to keep price action more contained near the figure level in European trading at least. Also, do
GBP/USD Weekly Outlook: US President Trump means fresh challenges for Pound Sterling The Pound Sterling (GBP) paused its downtrend against the US Dollar (USD), fuelling a tepid GBP/USD recovery from 14-month lows of 1.2100. This week, it was all about the inflation data from the United Kingdom (UK) and the United States (US). However, the
