GBPYesterday the Monetary Policy Committee (MPC) voted 8-1 to maintain Bank Rate at 5% in their latest policy decision, matching our own call and market expectations. That said, of the 58 economists surveyed by Bloomberg, only one expected the Bank of England to cut rates – meaning that yesterday’s decision was hardly a shock to…
Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading…
2024.09.20 2024.09.20 GBP/USD: Elliott wave analysis and forecast for 20.09.24 – 27.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.3144 with a growth target of 1.3500 – 1.3740. A buy signal: if the price holds above 1.3144. Stop Loss:…
USD: Softer amid intra-day volatilityAmid much intra-day volatility, DXY is down around 0.5% on the week. That’s not much, but DXY is now just a whisker away from the lowest levels in two years. The story here is fading US exceptionalism as acknowledged by the Fed in this week’s pre-emptive 50bp rate cut. So far,…
FXOpen traders can now incorporate the USD/ZAR currency pair into their strategies. If you want to diversify your portfolio and deal with market volatility, open an account now and enjoy USD/ZAR trading. As shown by the USD/ZAR chart, on 19th September the price fell below the 17.400 level for the first time since February 2023….
The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3573 at the time of writing, up 0.12% today. On the data calendar, Canada releases retail sales, while it’s an unusually quiet day in the US, with no releases. Canada’s retail sales expected to bounce back in July Canada’s…
2024.09.20 2024.09.20 EUR/USD: Elliott wave analysis and forecast for 20.09.24 – 27.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.1065 with a growth target of 1.1400 – 1.1600. A buy signal: if the price holds above 1.1065. Stop Loss:…
By Mike Dolan LONDON (Reuters) -Tight monetary policy coupled with a penny-pinching fiscal agenda usually results in currency appreciation, and sterling is surging on the prospect. But it’s far from clear why the UK government or the Bank of England want a rising pound right now. This week’s BoE decision to hold off on its…
The US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing. The yen hit a 14-month high on Monday but the dollar has rebounded and is up 2.1% this week. It’s an unusually quiet Friday with no US events on the…
As the Tesla (TSLA) stock chart shows today, the price increased by more than 7% during yesterday’s trading, surpassing the $240 mark. The bullish sentiment was supported by the following factors:→ The Federal Reserve’s decision to cut interest rates by 0.5%;→ Data tracked by Citi analyst Jeff Chung. According to Barron’s, they indicated that Tesla…