LiteForex_Official

LiteForex_Official

Current trend This week investors’ attention is going to be focused on the Fed meeting that is due 27-28 October and where the regulator will make a decision on interest rates. The Bank of Japan meeting is planned for 30 October, where the regulator will also make its interest rate decision. Currently, the Japanese economy shows very weak signs of recovery,...

LiteForex_Official

Current trend The price of Brent crude oil is trading within a narrow range near the level of the beginning of the month. The price gained support from the President of the ECB statement that the Regulator will further stimulate the EU economy. On the contrary, the price was under pressure when, on Wednesday, US Crude Oil Stocks change indicated a growth by...

LiteForex_Official

Current trend After a yesterday's growth of the American stock indices, the Asian stock indices are also up today: NikkeiStockAverage +2.1%, ShenzhenCompositeIndex +2.9% and ChiNext +3.3%. A key economic adviser to Japanese Prime Minister said that there is no sufficient reason for the Bank of Japan to further stimulate the country's economy. However, given the...

LiteForex_Official

Current trend Since today’s opening, the Euro is falling. The focus of the markets today is the ECB meeting where the regulator is going to decide on interest rates change in the eurozone. Majority of economists think that rates and monetary policy will remain unchanged at the current 0.05%. The ECB could take a break and wait for the interest rate decision in...

LiteForex_Official

Current trend Yesterday Gazprom shares closed 0.65% lower. Today the dynamics for the instrument are going to be determined mainly by two events. First is the ECB meeting and its Interest Rate Decision, where the regulator could expand its QE program that would lead to a fall in the Euro and a stock markets growth. The second event is going to be the meeting of...

LiteForex_Official

Current trend Ahead of the meeting of OPEC and non-OPEC oil market experts, during which a reduction of oil production and exports is to be discussed, the price of Brent crude oil is trading with no certain direction. Today, EIA Crude Oil Stock is expected to indicate a decline by 3.7 million barrels. The price of oil is under pressure from a slowdown of China’s...

LiteForex_Official

Current trend At yesterday’s session, the USD/CAD pair fell to the level of 1.2930 as mixed data from the US restricted demand for the Dollar. The number of Building Permits fell to 1.103 million, while experts expected 1.164 million permits. However, the number of Housing Starts grew to 1.206 million, against forecasted 1.104 million. Today key releases are...

LiteForex_Official

Current trend Yesterday the pair continued falling. The Euro was under pressure after some statements from the ECB official, who insisted that more measures are necessary to stimulate inflation growth, which made markets think that the QE program for the eurozone is going to be expanded. The USD, on the other hand, was supported yesterday by strong...

LiteForex_Official

Current trend At present, markets are waiting for a new impetus. For two days, the GBP/USD pair has been trading within a narrow price range near the yesterday’s opening level. Today, the volatility is likely to grow amid a series of releases, due both in Great Britain and the US. The Governor of the Bank of England will comment on the UK current economic...