PBOC sets USD/ CNY reference rate for today at 6.7382 (vs. estimate at 6.7389)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was </p><p>PBoC injects 23bn yuan of 7-day reverse repos […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (2 February 2023)
2023.02.02 2023.02.02 Short-term analysis for oil, gold, and EURUSD for 02.02.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro uptrend […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (1 February 2023)
2023.02.01 2023.02.01 Short-term analysis for oil, gold, and EURUSD for 01.02.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. EURUSD tested support […]
Market Spotlight: Spotify Earnings in Focus Today
Spotify Earnings Up NextOn the back of two consecutive quarters of earnings declines, Spotify is in focus today. The company is due to report Q4 results with Wall Street looking for an adjusted loss per share of -$1.35 on revenues of $3.391 billion. Spotify suffered sharply over 2022, losing more than 60% of its share […]
PBOC sets USD/ CNY mid-point today at 6.7492 (vs. estimate at 6.7499)
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.7531</p><p>more to come</p><p>PBoC injects 155bn yuan of 7-day […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (31 January 2023)
2023.01.31 2023.01.31 Short-term analysis for oil, gold, and EURUSD for 31.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The oil price […]
Australian retail sales data due today – “risk firmly to the downside”
Australian retail sales data are due at 0030 GMT (this is 1930 US ET and 11.30am in Sydney): Snippet from National Australia Bank’s preview: Shifting seasonal patterns put the risk firmly to the downside in our view, and NAB pencils in a -1.0%, but with high uncertainty. Black Friday pulling spending into November drove the […]
USDCHF is participating in the ups and downs today
USDCHF is testing a Topside trendline The USDCHF is participating in the ups and downs seen in a number of pairs this morning (see morning video here). Looking at the hourly chart, the price consolidated in a narrow up and down range in the Asian session. In the European session, there was a move to […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (30 January 2023)
2023.01.30 2023.01.30 Short-term analysis for oil, gold, and EURUSD for 30.01.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Euro is being corrected […]
A couple of releases to move things along in Europe today
It is a slow start to the day with the yen leading gains by the slightest of margins ahead of European trading. Other major currencies are little changed with the dollar continuing to hold steady with the key technical levels outlined at the end of last week here all still in play. That will make […]