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USD/CAD in holding pattern ahead of US, Cdn. jobs data – MarketPulse
The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing. We could see stronger movement from the Canadian dollar in the North American session, with the release of Canadian and US employment reports….
Pound Sterling declines as sticky US PCE inflation diminishes Fed large rate cut bets
The Pound Sterling falls below 1.3150 against the US Dollar after sticky US core PCE inflation. A decline in market expectations for the Fed’s large interest rate cuts supported the US Dollar. The policy-easing spell from the BoE is expected to be slower than that of its major peers. The Pound Sterling (GBP) extends its two-day losing spree…
XAUUSD: Elliott wave analysis and forecast for 29.11.24 – 06.12.24 | LiteFinance
2024.11.29 2024.11.29 XAUUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 2792.90 with a target of 2418.82 – 2304.21. A sell signal: the price holds below 2792.90. Stop Loss: above 2800, Take Profit:…
Trade Case Study: NZD/JPY Resistance Setup?
The RBNZ’s dovish rate cut to 3.50% has reinforced the Kiwi’s bearish outlook against the Japanese yen, especially amid ongoing global trade tensions. With the central bank explicitly signaling scope for further OCR cuts and global risk aversion climbing, NZD/JPY may continue its downward trajectory in the short-term. Let’s examine how we may…
Newsquawk Week Ahead: Week Ahead: US CPI, UoM, BoC, UK GDP and Norwegian CPI | Forexlive
Mon: Eurogroup Meeting, Norwegian CPI (Feb), EZ Sentix Index (Mar), Japanese GDP (Q4) Tue: EIA STEO Wed: 25% US tariff on all imports of steel and aluminium comes into effect, BoC Announcement, ECB Wage Tracker, OPEC MOMR, US CPI (Feb) Thu: IEA OMR, EU-South Africa summit, Swedish CPIF (Feb), EZ Industrial Production (Jan), US PPI…
XAU/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 | LiteFinance
2024.10.04 2024.10.04 XAU/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24 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 2619.05 with a target of 2800.00 – 3000.00. A buy signal: if the price holds above 2619.05. Stop Loss: below…
