JPYThe Japanese yen is the big story overnight, unsurprisingly given the BoJ policy decision released early this morning. As we noted in our preview of this latest decision, Japanese policymakers have a habit of underwhelming market expectations, producing a pattern of yen weakness post-meeting on dashed hopes of sustained policy normalisation. Not so on this…
2024.07.31 2024.07.31 Economic calendar for the week 05.08.2024 – 11.08.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants continue to evaluate the results of the Fed meeting that ended on July 31 and the dollar’s prospects in this regard. For now, it still has the potential for further growth, while the world’s largest central banks are moving to a…
By JustMarkets US stocks traded mixed on Tuesday, with the Dow Jones (US30) Index up 0.50% and the S&P 500 (US500) Index down 0.50%. The NASDAQ Technology Index (US100) closed yesterday negative 1.28% and fell to an 8-week low. Stocks gave up early gains on Tuesday and traded mixed amid escalating geopolitical risks after the Israeli military struck a Hezbollah target in Beirut,…
BoJ Rate Hike to 0.25% The Bank of Japan (BoJ) voted 7-2 to increase the policy rate from 0.1% to 0.25%. This marks a step toward normalizing monetary policy as the BoJ outlines specific figures for its bond purchases, moving away from the extensive stimulus measures. Bond Tapering Schedule The BoJ announced it will decrease…
Market traders brace for central bank decisions amid muted trading. As we move out of a relatively quiet Monday session in the financial markets, there are early signs of recovery among risk assets. However, the path to recovery appears to be slow and challenging. The US dollar continues to play a dominant role in shaping…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! AUDNZD short term forecast update and follow up is here. On June 12th, 2024 I shared this “AUDNZD Technical Analysis And Short Term Forecast” post in our blog. In this post, let’s do a…
Industrial materials maker DuPont de Nemours (NYSE:) raised full-year forecasts on Wednesday, benefiting from strong demand for electronics and artificial intelligence-based technology that helped it beat second-quarter results. After widely destocking last year due to low demand, an uptick in the manufacturing sector is benefiting companies that make chemicals and other materials used in a…
Heraclitus, a Greek philosopher, once said that “the only thing that is constant is change.” This adage is never taken for granted in the world of forex trading. The nature of the industry doesn’t make room for those who are too set on their ways. The market drivers and the popular strategies today may not…
Rex (REX) has entered voluntary administration, which has led to the airline grounding some of its planned flights. Management of the third-biggest Australian airline has been locked in talks with the country’s government to find a solution. Some reports suggest that the authorities may be prepared to work out a package that would save part…
Spectrum Markets, a pan-European platform for retail trading, has published a business update for H1 2024. In its press statement, the company said that this update better reflects the “challenges posed by a volatile economic landscape and fluctuating equity markets”. During H1 2024, Spectrum recorded 1.2 million trades. Its order book turnover declined by 15%,…