GBPUSD: The GBP/USD pair remains weak after losses recorded in the previous session, trading near 1.3280 during Asian hours on Wednesday. The decline could be attributed to risk aversion due to rising geopolitical tensions in the Middle East, which is undermining the risk-sensitive Pound Sterling (GBP) and the GBP/USD pair. Iran launched more than 200…
Daily Pivots: (S1) 142.85; (P) 143.69; (R1) 144.41; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the downside, below 141.63 will target 139.57 low. But strong support could be seen again from 139.26 fibonacci level to bring rebound. On the upside, above 146.48 will resume the rebound from 139.57 to 38.2%…
Introduction In September 2024, the institutional foreign exchange (FX) market witnessed a slight deceleration, with trading volumes decreasing by 1% compared to previous months. While this decline may seem marginal, it is an important indicator of shifting market dynamics that traders and financial institutions need to pay close attention to. In this article, we will…
The Australian Securities and Investments Commission (ASIC) has cancelled the operational license of the now-defunct Prospero Markets, which offered contracts for differences (CFDs) instruments to retail traders. Prospero Markets Lost AFS License The cancellation of the Australian Financial Services (AFS) license, effective from 25 September, came after the regulator suspended it in December 2023. The…
The GBPUSD pair has made a significant move, breaking below the crucial 1.3312 support level and extending its downward trajectory to reach a low of 1.3237. This development suggests that the upward move from 1.3001 may have already peaked at 1.3434, signaling a potential shift in market sentiment. With this bearish breakout, traders are now…
A BMO note previews the debate coming up between Vance and Walz. I popped this up earlier: In the note BMO say that given the unpredictability of this election cycle, the debate is expected to draw significant attention, and that it may influence financial markets, especially following the Harris-Trump debate, which led to notable price…
Renko charts and Volume Profiles represent a powerful and effective strategy for Forex trading, offering a refined approach to market analysis. Renko charts, known for their simplicity, focus exclusively on price changes and ignore the element of time. This unique feature allows traders to filter out the market noise that often obscures clear trends and…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any…
2024.10.01 2024.10.02 Economic calendar for the week 07.10.2024 – 13.10.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Last week, the US dollar attempted to correct after a major drop caused by the results of the September US Fed meeting. During the press conference, Fed Chair Jerome Powell hinted that the interest rate may be cut again by the end of…
MARKET REPORT(Unburdened by what has been) Copenhagen old bourse You were found in clear conditions. But you’re handsome in the Fog. Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– US manufacturing sector moved deeper into contraction territory at the end of the third quarter of…