LiteForex_Official

LiteForex_Official

Current trend The pair continues trading in a downward trend having lost around 2% of the value since the beginning of the year. The Pound is substantially pressured by the possibility of a British exit from the European Union. The pressure was magnified because of the statements by the number of UK’s politicians who supported the decision to leave the EU....

LiteForex_Official

Current trend During the Asian session, the AUD fell to the level of 0.7170. The pair was moving down amid the publication of macroeconomic data on Australia. In particular, analysts expected Wage Price Index to remain unchanged both on the quarterly and annual bases. However, the index was down to 0.5% from 0.6% and to 2.2% from 2.3%, respectively. The...

LiteForex_Official

Current trend The EUR/USD pair continues falling. The European currency is under pressure from Germany’s macroeconomic releases. IFO Expectations indicator came below the forecast, having fallen to 98.8 points. The statistics have raised concern that the eurozone’s largest economy is experiencing a slowdown. Today, attention needs to be paid to data on Consumer...

LiteForex_Official

Current trend During the Asian session, the AUD/USD pair fell to the level of 0.7100. The Australia Dollar was losing its positions after RBA board member John Edwards stated the national currency is too strong. In his opinion, a more comfortable level for the AUD/USD pair would be 0.6500. The Australian currency came under pressure amid the publication of...

LiteForex_Official

Current trend Yesterday the pair strengthened amid growing prices for commodities. Supportive news that hit the markets yesterday were that Iran agreed to the proposal by few OPEC member-countries to freeze current output levels of oil. The country, however, did not specify the dates when restrictions will come into effect. At the same time, the Yen remains...

LiteForex_Official

Current trend Top oil producers – Russia, Qatar, Saudi Arabia and Venezuela – have agreed to freeze oil output at 11 January level. This decision might help to tackle an oversupply of the global oil market. Thus, the price of oil has its chance to strengthen to $40 per barrel. However, at the same time, there is a lack of clear understanding of how long the...

LiteForex_Official

Current trend During several months, the British Pound was falling against the US Dollar. However, at the beginning of February, the GBP/USD pair started growing within a narrow ascending channel and reached the key resistance level of 1.4670. For the last few days, the pair has been trading in a sideways channel and forming a triangle pattern. Today, ahead of...

LiteForex_Official

Current trend Since the beginning of this year, the price of gold substantially strengthened. The price was significantly supported by a crash of the world stock markets that reduced the appetite for risk and forced investors to switch into safe-haven assets, such as gold. In addition, the price was supported by the weakened US Dollar that remains under pressure...

LiteForex_Official

Current trend Last week the pair significantly fell. The pair was pressured by the latest Fed monetary policy meeting that substantially decreased chances of further interest rate hikes in the US. In addition, the USD was pressured by poor data on the Nonfarm Payrolls that fell from 262 to 151 thousands, while economists predicted 190 thousands. However, the...

LiteForex_Official

Current trend On Thursday, the price of silver was growing actively and hit new local highs. The price is strengthening amid weakness in the US Dollar, which remains under pressure from data on PMI and concerns about chances of further increases in US interest rates. Yesterday, data on Initial Jobless Claims was released in the US. The indicator grew to 285K...

LiteForex_Official

Current trend Yesterday the pair significantly declined amid growing oil prices that were supported by strong data on the Caixin China Services PMI. In addition, the pair was pressured by mixed data from the US. The ADP Employment Change for January came out at 205 thousands that was better than forecasts but substantially worse than the previous figure. The...

LiteForex_Official

Current trend Yesterday the pair significantly fell after the RBA decision on interest rates. As was expected, the regulator left the rate unchanged at 2%. At the same time, in its Rate Statement the regulator noted that it does not rule out further monetary policy easing this year if the economy continues slowing down due to the outside factors. It also noted...

LiteForex_Official

Current trend Today the pair continued growing despite the publication of mixed data in the eurozone. The Producer Price Index for December fell to -0.8% that was substantially worse than forecasts of economists. At the same time, the Unemployment Rate slightly fell as well, from 10.5% to 10.4%. Therefore, continuous decline in prices could force the ECB to...

LiteForex_Official

Current trend The pair continues growing even though the Fed at yesterday’s meeting left the interest rate unchanged. At the same time, the Bank of Japan is expected to expand its stimulation program to reach the inflation target of 2% that would lead to further fall in the Yen. Furthermore, cheaper national currency would allow increasing Japanese exports and...

LiteForex_Official

XAG/USD, D1 On the daily chart, the pair is trading above the upper MA of Bollinger Bands. The price remains below the EMA100 and EMA144, both directed horizontally. MACD histogram is in the positive zone, its volumes are insignificant. The DI lines are directed down; ADX is growing. XAG/USD, H4 On the 4-hour chart, the pair is trading in the area of the...

LiteForex_Official

Current trend Today the pair is falling amid some weakening in the US Dollar that remains under pressure prior to the Fed Interest Rate Decision. Experts do not expect the rate to be hiked. At the same time, investors will focus their attention on commentaries by the regulator, in which there could be announced that monetary policy tightening is going to be...

LiteForex_Official

Current trend The pair continues growing amid some weakening in the USD. The American currency remains under pressure prior to the Fed Interest Rate Decision that is due today. Experts predict that monetary policy will stay unchanged. Furthermore, due to problems in China and falling oil prices the regulator might delay the next rate hike until summer that would...

LiteForex_Official

XAG/USD, D1 On the daily chart, the pair is moving along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 that are directed down. MACD histogram is in the negative zone and its volumes are barely changing. DI lines are moving up, while ADX is horizontal. XAG/USD, H4 On the 4-hour chart, the pair is trading in the upper...