USDAfter a slide to finish last week, the dollar starts this one on the front foot, with the DXY index up 0.1% this morning. This comes despite the key data point to kick off the new week coming from China, where both the 5 and 1-year loan prime rates saw marginally larger cuts than expected,…
In an article for the Financial Times, BoE MPC member Megan Greene highlighted the challenges facing the UK’s consumption patterns, describing it as a “consumption conundrum.” Despite real incomes rising for over a year and inflation expectations stabilizing near historical averages, real consumption remains only 1.5% above pre-pandemic levels—a situation Greene finds puzzling. Greene pointed…
The USD is moving higher. Looking at the dollar index (DXY) the price is testing the 200 day MA at 103.79. The price moved above that level on Friday reaching a high of 103.88, before failing and rotating lower. The high has just extended to 103.803. Get and stay above to 200 day MA, and…
The US Dollar trades mildly up as the possible escalation in the Middle East conflict drives flows towards the Greenback. Fed speakers are starting to align with market expectations for gradual to no rate cuts this year. The US Dollar Index rally could pick up steam if Donald Trump leads further in the polls. The…
The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day. ECB’s Kazimir says disinflation continuing The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011. The rate…
2024.10.21 2024.02.08 Tezos (XTZ) price forecast for 2024, 2025-2030, and beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Tezos (XTZ) stands out in the crypto world with its unique self-amending blockchain and a strong focus on community governance. The platform’s adaptability and innovative approach to smart contracts and decentralized applications suggest a promising future. While predictions lean towards a bullish…
Trading Room October 21, 2024 | 5:26 pm | The 5%ers’ Blog > Trading Room October 21, 2024 | 5:26 pmThe 5%ers’ Blog > Trading Room Live Trading Room The trading rooms are the opportunity to trade together with our traders! In the trading rooms, we will all interact, scan, and analyze the markets and…
Forex trading operates 24 hours a day, offering an ideal opportunity for night traders. The global market’s round-the-clock schedule means trading is possible outside of standard hours, often referred to as Forex Trading After Hours. For those seeking a less hectic trading environment, the Asian session offers just that. This article outlines smart techniques for…
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