Asia FX, dollar subdued ahead of Fed’s Powell speech

Asia FX, dollar subdued ahead of Fed’s Powell speech
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Asia FX, dollar subdued ahead of Fed’s Powell speech
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Markets: Gold up $11 to $2516 WTI crude oil down $2.58 to $66.13 US 10-year yields down 5.1 bps to 3.65% S&P 500 up 0.45% JPY leads, CAD lags USD/CAD was particularly strong as Macklem’s comments suggested an effort to put a 50 bps cut on the table for the October meeting if economic data…
Markets Natural gas prices showed some of the larger daily moves today. They dropped below €30/MWh (Dutch TTF) for the first time since May 2024. Prices have been slowly grinding lower over the last couple of months on a combination of amongst others strong LNG imports and mild weather so far. But the trigger for…
U.S. Election Reaction Sharing Spotlight with Central Banks November 7, 2024 The Federal Reserve, which is expected to cut its interest rate target today by 25 basis points, is but one of several central banks in today’s news. Meanwhile, the Central Bank of Brazil’s Selic rate was lifted late yesterday by 50 basis points. The…
2026.05.20 2026.05.20 Aussie Suffers Losses. Forecast as of 20.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The divergence in monetary policy between the RBA and the Fed has started to help AUD/USD bears. Combined with a correction in the S&P 500 and negative news from China, this is weighing on the Australian dollar. Let’s discuss this topic and develop a…
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…
2024.12.04 2024.12.04 Aussie Fears Trade Duties. Forecast as of 04.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The slower reduction of the RBA rate compared to the Fed allows AUDUSD bulls to dominate the market. Nevertheless, Canberra’s sluggishness has been well-known. However, Washington may act in a surprising way. Let us consider the potential outcomes and develop a trading plan….