USDCAD and USDCNH: The USDCAD is taking a step back
A fundamental mistake many novice forex traders make is to forget to assess what type of market they are working with and adjust their approach accordingly. Navy Seals and Army Rangers are trained to carry out missions on many different kinds of terrain: deserts, swamps, jungles, tundra, oceans, or Niko’s’s castle. Without this training, their…
2026.02.02 2026.02.02 US Dollar Recovers After Warsh Announced As Fed Chair. Forecast as of 02.02.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US dollar’s best daily performance since May came after Donald Trump announced his choice for a new Fed chair. Kevin Warsh may support the central bank’s independence. This calmed investors. Let’s discuss this topic and make a…
As anticipated, investor concerns over escalating trade tensions between the U.S. and Europe, following Donald Trump’s U.S. election victory, have driven the euro and pound toward critical support levels. GBP/USD Last week, GBP/USD sellers pushed the pair down to the significant 1.2600 level. After testing this support, the downward trend paused, transitioning to sideways movement…
How was GOLD (XAUUSD) a victim of collateral damage? When there is a meltdown such as what happened over the four weeks in U.S. stocks, those managing funds have choices: 1) Reduce risk by exiting positions 2) Sell winners to cover losses elsewhere 3) Sell other positions to raise cash to cover margins. Sometimes…
RBNZ latest Survey of Expectations showed a notable decline in inflation expectations across all time horizons. One-year-ahead annual inflation expectations fell by 33 basis points, dropping from 2.73% to 2.40%. This marks the sixth consecutive quarterly decline since June 2023. The two-year-ahead inflation expectations, a closely monitored indicator, also saw a decrease from 2.33% to…
NZD/CAD can’t seem to crack fresh lows as it tests a technical support area. Will this lead to a bounce higher for the pair? We’re keeping a close eye on the 4-hour chart for clues! NZD/CAD 4-hour Forex Chart by TradingView The New Zealand dollar got a bit of love earlier today after the Reserve…