LiteForex_Official

LiteForex_Official

Current trend Last week, the EUR/USD pair corrected down to new local lows from its six-week highs. The US currency was supported by Fed officials’ statements which has left a more positive impression than the results of the monetary policy meeting did. Moreover, further tightening of US monetary policy seems likelier amid recent macroeconomic publications. In...

LiteForex_Official

Current trend Due to the lack of macroeconomic drivers, the EUR/USD pair is trading within a narrow range of 1.1143-1.1187. Today is the Good Friday holiday in Europe, so market volatility is expected to remain low. Out of macroeconomic statistics, it is worth noting the data on US Gross Domestic Product Annualized and Personal Consumption Expenditures for the...

LiteForex_Official

Current trend This week, the AUD/USD pair has been trading within a sideways range of about 100 points (0.7648-0.7550). At present, the Australian currency gains support from a slow growth in commodity prices (CRB index has been has been growing for two months already). Moreover, RBA's Governor Glenn Stevens in his speech delivered to the Australian Securities...

LiteForex_Official

Current trend Since the beginning of the week, the NZD/USD pair has been trading within a narrow range. Market participants are waiting for new drivers which will determine further dynamics in the pair. However, as no macroeconomic releases are due in New Zealand and not so much important data is expected to be released in the US, the pair is likely to keep...

LiteForex_Official

Current trend Yesterday the pair continued falling amid weakness of the US Dollar and the publication of mixed macroeconomic data in the US. The Current Account deficit amounted to 125.3 billion, while economists predicted it at 118.9 billion USD. At the same time, the number of Initial Jobless Claims grew to 265 thousands that was yet better than...

LiteForex_Official

Current trend Yesterday the pair significantly declined after the US Fed made its Interest Rate Decision. As was expected, the rate remained unchanged at the current 0.5% but the regulator lowered its own forecasts of the pace of further monetary policy tightening. In addition, the regulator acknowledged the existence of substantial risks for the growth of the...

LiteForex_Official

Current trend Since the beginning of the week, the GBP/US D pair has been trading down. Having reached its month high at 1.4435, the price turned down and lost more than 250 points. Today, market volatility remains low. The Bank of England announces its interest rate decision tomorrow. As for today, market participants are waiting for the Fed’s interest rate...

LiteForex_Official

Current trend Since the beginning of the week, the pair is showing a significant decline. The pair was substantially pressured by the Bank of Japan statement. As was expected, the regulator left monetary policy unchanged. However, in its Monetary Policy Statement it noted that prospects for the world economy growth remain gloom. In addition, according to...

LiteForex_Official

Current trend In the end of last week, the pair significantly grew amid the publication of strong data in the US and the ECB decision to expand its QE program. At the same time, the Yen remains under pressure prior to the Bank of Japan meeting on monetary policy that is due tomorrow. Investors worry that the regulator can apply fresh measures aimed at limiting...

LiteForex_Official

Current trend Yesterday the pair showed a volatile trade amid the monetary policy ECB meeting. As soon as the decision to cut the refinance rate to zero and the deposit rate to -0.4% was made, the pair significantly fell. However, later comments by Mario Draghi that in the near future more monetary policy easing in unlikely sent the pair in the opposite...

LiteForex_Official

Current trend The price of gold is trading slightly down ahead of the ECB meeting. Much will depend on whether the central bank will cut its interest rates by 10 basis points or not. A rate cut can lead to a growth in the price of gold. Investors are also concerned about possible extension of the quantitative-easing programme, but economists doubt the Regulator...

LiteForex_Official

Current trend Yesterday the pair significantly grew amid some decline in oil prices and the strengthening US Dollar. Today extra attention needs to be paid to the Bank of Canada Interest Rate Decision and the regulator’s Rate Statement. According to forecasts, the rate will remain unchanged at the current 0.5%. High volatility is expected on the market during...

LiteForex_Official

Current trend The price of Brent crude oil continues growing and has already tested the level of $41 per barrel but has not managed to consolidate above this mark yet. The price is supported by recent data on a 60% fall in the number of US drilling rigs and expectations of Russia-OPEC meeting. The oil producers are expected to reach a deal on freezing oil output...

LiteForex_Official

Current trend The USD/JPY pair ended the previous trading week near the opening levels. On Friday, the Yen was growing moderately during the morning session supported by the statements of BoJ Governor Haruhiko Kuroda that the central bank is not considering any further cuts in interest rates. More support for the currency came from favorable data on labour cash...

LiteForex_Official

Current trend This week, the USD/CAD pair has been falling like it did in the previous month. At present, the price remains near the level of the beginning of December 2015. Today, series of macroeconomic publications are due both in the US and Canada. At 3:30 pm (GMT+2) attention needs to be paid to statistics on US labour market, including data on unemployment...

LiteForex_Official

Current trend The AUD/USD pair continues growing. The pair was supported by strong data from Australia that came out better than forecasts. The Trade Balance deficit shrank to 2.94 billion, while the AiG Performance of Services Index grew to 51.8 points. Today pair’s dynamics can influenced by data on Initial Jobless Claims and Factory Orders from the US....

LiteForex_Official

Current trend Since the beginning of the week, the pair is growing amid positive commentaries by RBA Governor Glenn Stevens. According to the head of the regulator, the Australian economy is likely to be on the rise at present. Furthermore, inflation in the country remains near its targets thus allowing for additional stimulation measures should they be...

LiteForex_Official

Current trend On Monday, the price of silver grew slightly, having moved up from its recent lows reached at the end of the previous week. Presently, the price is growing within an upward correction, but analysts keep positive outlook. Negative dynamics in stock markets and not so strong positions of the US currency allow prices of commodity assets to grow. In...