LiteForex_Official

LiteForex_Official

Current trend Though expectations of a hike at the upcoming Fed meeting are growing, the JPY has strengthened. Futures traders are putting an 87.2% chance of a hike in US interest rates. At the same time, many investors suggest that a continuous growth in the USD has ended since a rate increase is obvious and already priced into the markets. In this situation,...

LiteForex_Official

Current trend The Reserve Bank of New Zealand decreased its key interest rate from 2.75% to 2.5% in line with expectations. However, the NZD grew against the USD and approached last week highs. In its Rate Statement, the regulator stated that it expects stability in the near future with regards to the interest rates. The RBNZ is not going to dismiss completely...

LiteForex_Official

Current trend During the last two days the pair substantially fell. The pair was pressured by strong data on Machinery Orders for October in Japan that grew by 0.7% and significantly exceeded forecasts. In addition, the Yen is supported be revised data on the GDP for the third quarter that showed a 1% growth, the Consumer Confidence Index for November that...

LiteForex_Official

Current trend Yesterday on COMEX, the price of March futures on silver fell by 21.6 cents. The pair remains under pressure amid expectations of an interest rate hike in the US in December this year and a further cycle of gradual monetary policy tightening in the US in the next year. In addition, the price of silver is pressured by falling commodities and oil...

LiteForex_Official

Current trend The price of gold remains under pressure after the publication of Friday’s data on the US labour market for November. The Unemployment Rate remained unchanged at 5.0%, while the Nonfarm Payrolls came out better than forecasts. The data indicates a stable condition of the labour market and gradual recovery of the US economy that removes last...

LiteForex_Official

Current trend Yesterday the Pound fell against the US Dollar. The USD was supported after the publication of Friday’s data on the US labour market. The Unemployment Rate remained unchanged at 5% in line with expectations, while the Nonfarm Payrolls amounted to 211 thousands that was better than forecasted 200 thousands though less than the previous figure of 298...

LiteForex_Official

Current trend Despite strong Friday’s data on the Nonfarm Payrolls in the US, the Dollar could not recover losses of Thursday. Nonetheless, November NFPR suggest a steady recovery of the US labour market. The figure came out stronger than was predicted by economists at 211 thousands new jobs, while October figure was revised up from 271 to 298 thousands new...

LiteForex_Official

Current trend On Thursday, the AUD/USD pair hit its new highs of the week. However, it should be noted that the pair strengthened in the second half of the day, while during the Asian session, the Australian currency was under pressure from weak macroeconomic statistics for October. Australia's exports fell by 3% after a 3% growth in September. Imports were...

LiteForex_Official

Current trend Yesterday the price of Brent crude oil significantly corrected due to a Dollar decline and prior to the OPEC meeting, which is due today. According to the majority of experts, OPEC is not going to reduce quotes despite some speculation that Saudi Arabia can reduce its output. Contrary to that, there is a possibility that quotes will be increased...

LiteForex_Official

Current trend The AUD/USD pair is strengthening, though, according to macroeconomic statistics, Australia’s trade balance deficit grew to 3.305 billion. The Australian Dollar is under pressure due to a fall in iron ore prices and uncertainty about China’s economic outlook. Today, attention needs to be paid to Initial Jobless Claims and ISM Non-Manufacturing PMI...

LiteForex_Official

Current trend Since the beginning of the week, the USD/CHF pair was declining. The pair was falling despite the publication of poor data in Switzerland that came out significantly worse than forecasts and strong statistics on the US labour market. The Swiss GDP in the third quarter failed to show any growth, Real Retail Sales shrank by 0.8%, while the SVME...

LiteForex_Official

Current trend Since the opening of the trading day, the prices of gold and other precious metals are declining amid the strengthening in the US Dollar. The correlation between the price of gold and the EUR/USD pair is nearly 92%. The EUR is under strong pressure ahead of ECB interest rate decision, therefore, a decline in the price of gold is likely to...

LiteForex_Official

Current trend Yesterday, the European currency strengthened slightly against the US Dollar, which was under pressure from US statistics on ISM Manufacturing PMI. In November, the indicator declined from 50.1 to 48.6 points, while analysts forecasted a growth to 50.4 points. November Data on Consumer Price Index is due today in the EU. The indicator is expected...

LiteForex_Official

Current trend Since the beginning of Asian session today the USD/JPY pair fell. The pair was pressured by poor data on the Chinese manufacturing sector that showed further cooling of the Chinese economy. In addition, pressure on the pair comes amid investors’ expectations of further monetary policy easing in the eurozone because the Yen serves as the safe-haven...

LiteForex_Official

Current trend Since the beginning of this week the USD/CHF pair was falling. However, today poor macroeconomic statistics from Switzerland supported the pair. The SVME – Purchasing Managers’ Index for November fell to 49.7 points, while Real Retail Sales shrank by 0.8%. Both indices came out significantly worse than forecasts. Furthermore, the third quarter GDP...

LiteForex_Official

Current trend Following a strong growth in the USD on Friday, a correction in the USD pairs has started today. Today is the last day of the month, thus, market participants may take profits on part of USD long positions. High volatility is expected during the week amid publication of important macroeconomic indicators, both in the US and the UK. In general,...

LiteForex_Official

Current trend Today the AUD/USD pair is falling. The pair is pressured by investors expectations of an interest rates increase in the US at the December Fed’ meeting and further monetary policy easing in Australia. In addition, Australian economic problems may get worse. The unemployment rate could increase as companies in the mining industry continue cutting...

LiteForex_Official

Current trend After Thanksgiving Day in the US yesterday when American markets were closed and volatility remained low, since today’s opening the XAU/USD pair is falling. Most likely, amid expectations of monetary policy tightening in the US downward dynamics in the pair will remain until the Fed’s meeting on 16 December. Currently, market expectations that are...