LiteForex_Official

LiteForex_Official

Current trend Last week, the Japanese Yen gained support when the Bank of Japan decided to keep monetary policy unchanged. BoJ Governor gave a generally favorable outlook of the country’s economy. At present, the USD/ JPY pair still tends to continue declining. However, Japan is undergoing a period of a weak growth in Industrial Production, Services PMI and a...

LiteForex_Official

Current trend After a strong growth at the beginning of the week, the price of gold declined and was ranging between 1080.68 and 1071.79 on Tuesday. At present, the price remains in the area of 1073.85 and might start correcting up to this week high 1081.60. Durable Goods Orders statistics for November are due today in the US. This data is an important...

LiteForex_Official

Current trend Yesterday, Atlanta Fed President Dennis Lockhart said a hike in US interest rates is seen as a start of a new period in US economic growth. US economy has a solid momentum going into 2016. He also noted the Fed might continue increasing rates not at every meeting but every other meeting. Therefore, the US Dollar tends to strengthen while the price...

LiteForex_Official

Current trend The single European currency is trading slightly up against the US Dollar. At present, the pair remains within the range of 1.0910-1.0930. Analysts suggest the USD will continue strengthening as the Fed has started tightening US monetary policy. ECB, in its turn, tends to expand monetary stimulus to boost the EU economy. GDP data for the third...

LiteForex_Official

Current trend Important data on the UK economy is expected during the week. Tomorrow data on the Current Account is due. According to forecasts, in November the budget deficit increased by about 4.7 billion Pounds. On Wednesday, data on the third quarter GDP is out. The figure is expected to remain at 0.5%, unchanged from the previous quarter. At the same time,...

LiteForex_Official

Current trend At the meeting on Friday, the Bank of Japan decided to keep its monetary policy mostly unchanged. BoJ Governor stated the Regulator aims at achieving an inflation rate of 2 per cent; however, much depends on the price of oil. Therefore, Japan’s Central Bank might start taking more decisive action soon. Today, the US Dollar is gaining back its...

LiteForex_Official

Current trend During yesterday’s session, the pair significantly grew. The pair was supported by strong data on the US labour market, where the number of Initial Jobless Claims fell from 282 to 271 thousands, against a forecasted decline to 275 thousands. In addition, the pair is supported by strengthening after the Fed decision on interest rates US Dollar and...

LiteForex_Official

Current trend On Thursday, the XAU/USD pair was falling, being under pressure from the Fed’s decision to increase the interest rate to 0.5 percent from 0.25 percent. Having lost more than 2500 points, the price for gold was moving down towards its year lows, reached at the beginning of December. At present, the price has started correcting up in the area of...

LiteForex_Official

Current trend Yesterday, the Federal Reserve raised US interest rates. This decision confirms the Fed is confident that US economic recovery is sustainable and suggests the Regulator has a favorable outlook for the global economy. RBA, in its turn, is likely to keep loose monetary policy due to weak inflation. Moreover, the Australian Dollar is under pressure...

LiteForex_Official

Current trend The single European currency continues declining against the US Dollar. The main factor which affects the EUR/USD pair is the Fed’s decision to raise interest rates by 0.25 points. Moreover, Fed Chair Janet Yellen stated that more rate hikes are possible over the next year if US economy continues strengthening. Therefore, the European currency will...

LiteForex_Official

Current trend Yesterday, the British Pound declined against the US Dollar. The pair was under pressure amid the publication of favorable statistics on Redbook index which grew by 1.5% from the previous 1.9%. Consumer Price Index was up by 0.5% that is 0.1% above the forecast. Today, attention needs to be paid to Unemployment Rate and Average Earnings data,...

LiteForex_Official

Current trend Yesterday the USD/JPY pair significantly strengthened. Trading in the pair was very volatile due to a large number of macroeconomic publications that was coming out and approaching US Fed meeting at which, as expected, the regulator will increase its key interest rate. The pair was supported by strong data on consumer inflation in the US. The...

LiteForex_Official

Current trend Since the beginning of the week, the pair is growing. Today the pair was supported by strong data from Australia. New Motor Vehicle Sales for November grew to 6%, while the House Price Index came out in line with forecasts at 2%. At the same time, the pair is pressured by expectations of the Fed Interest Rate Decision that is due tomorrow. Markets...

LiteForex_Official

Current trend On Monday, the USD/CAD pair hit its highest levels in more than 11 years. The demand for the US Dollar is strong ahead of the Fed meeting. The Canadian Dollar, in its turn, is under enormous pressure from falling oil prices. Most investors expect a hike in US interest rate by 0.25 basis points. It is the tone of Fed’s Chair Janet Yellen’s comments...

LiteForex_Official

Current trend The AUD/JPY pair has declined from its local lows, reached in the first week of December. The Japanese currency has gained support form speculations over the upcoming Fed meeting. Though a hike in US interest rates is forecasted, investors suggest market reaction might be different than expected. It is possible that monetary policy tightening has...

LiteForex_Official

Current trend The Fed holds its finial meeting of the year on Wednesday. Many market participants expect a hike in US interest rates, so if the forecast is confirmed, the European currency is likely to weaken. However, as long as inflation has not reached the target level of 2% yet, it might be seen as a determining factor for a forthcoming decision. Another...

LiteForex_Official

Current trend Having opened this trading day with a growth, the US Dollar started declining in the European session. However, later on, an upward dynamics resumed. The American currency is strengthening amid a fall in oil and precious metals prices. Recently, BOJ Governor stated the Regulator might continue easing monetary policy to stimulate wage growth in...

LiteForex_Official

Current trend Yesterday the pair was trading in the range 1076.43-1069.34 and closed at opening levels, but today managed to overcome the support level at 1072.23 and falling. Today data on Retail Sales is due in the US. According to forecasts, the index will grow by 0.2%, which if confirmed will pressure the XAU/USD pair. Support and resistance On the...