2024.10.25 2024.10.25 Aussie Hopes for Recovery. Forecast as of 25.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In contrast to Canada and New Zealand, actively reducing interest rates, Australia is adopting a more cautious approach. The country believes a soft landing can be achieved without easing monetary policy. Let’s discuss this topic and make a trading plan for the AUDUSD…
The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3845 at the time of writing, down 0.07%. It has been a relatively quiet week for the Canadian dollar, and even an oversized 50-basis point rate cut from the Bank of Canada failed to shake up the Canadian…
The Italian financial services regulator, Consob, revealed Friday that it has cracked down on illegal financial activity by blocking access to a further six websites offering financial services and products without proper authorisation. The latest move brings the total number of blacklisted websites to 1,162 since July 2019. The blacklisted websites include: Tradetospace Global Limited…
The Japanese yen is showing limited movement on Friday. In the European session, USD/JPY is trading at 151.94, up 0.09%. Tokyo Core CPI falls below BoJ’s target Tokyo Core CPI, a leading indicator of inflation trends in Japan, fell to 1.8% y/y in October, down from 2% in September and just above the market estimate…
The recent movement of the USD/JPY has been influenced primarily by political factors. The JPY has weakened significantly due to the growing risk that the current LDP-led coalition may lose its majority seats after this Sunday, 27 October snap election. Watch the 151.10 key short-term support on the USD/JPY. This is a follow-up analysis of our…
On Thursday, Montreux Capital Management Zug AG announced the acquisition of GC Partners Group Ltd, a foreign exchange and payments provider. The move is aimed at bolstering Montreux’s presence in the financial services industry and capitalising on the growing market for cross-border transactions. GC Partners has two decades of experience and has built a strong…
The oil price reached a new weekly high of $72.34 on Thursday, October 24 The price of natural gas managed to regain the $3.00 level on Thursday, October 24 Oil chart analysis The oil price reached a new weekly high of $72.34 on Thursday, October 24. Shortly after the formation of this high, the price…
Intraday Analysis 25.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Investing.com – The U.S. dollar held largely steady Friday, on course for a fourth straight week of gains, underpinned by falling expectations of aggressive Fed rate cuts as well as heightened political uncertainty. At 04:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally lower…
USDCAD adds 3.4% from 1.3420 Remains well above the SMAs MACD and RSI indicate overbought levels USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high of 1.3868. The pair added 3.4% on this rally, trying to switch the medium-term outlook…