2024.10.25 2024.10.25 USDСAD: Elliott wave analysis and forecast for 25.10.24 – 01.11.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3943 with a target of 1.3205 – 1.2981. A sell signal: if the price holds below 1.3943. Stop Loss: above 1.3980, Take Profit: 1.3205…
A report in the WSJ could cool the crypto market. DOJ and Treasury investigating Tether over potential sanctions violations and illicit activity Manhattan US attorneys leading criminal probe into possible links to drugs, terrorism, hacking Treasury mulling sanctions against world’s most traded crypto ($190B daily volume) Comes as Tether steps up compliance, recently froze 1,850 wallets worth $114M Investigation…
EUR/USD extends its upside to near 1.0830, but the downside bias remains firm due to multiple headwinds. Traders expect the ECB to announce a sizeable interest rate cut in December. The Fed is expected to pursue a gradual rate-cut cycle. EUR/USD extends Thursday’s recovery to near 1.0830 in Friday’s North American session. The recovery move in the shared currency pair is driven by a…
2024.10.25 2024.10.25 USDCHF: Elliott wave analysis and forecast for 25.10.24 – 01.11.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8742 with a target of 0.8200 – 0.8000. A sell signal: if the price holds below 0.8742. Stop Loss: above 0.8780, Take Profit: 0.8200…
AI image The Fed blackout starts at midnight but the week ahead is packed with market-moving data, decisions and earnings reports. Here’s a day-by-day preview of the week ahead: MONDAY, OCTOBER 28 US data: Dallas Fed manufacturing activity UK: Lloyds Business Barometer Japan: Jobless rate, job-to-applicant ratio ECB’s Wunsch speaks Earnings: Ford, Waste Management US Treasury Quarterly borrowing estimates,…
The Pound Sterling consolidates after recovering slightly on Thursday as BoE’s Mann said services inflation needs to decline further for more rate cuts. The UK flash PMI report shows that business activity continued to expand in October but at a slower pace. Traders seem to be increasingly betting that Donald Trump will win the US presidential election. The Pound…
2024.10.25 2024.10.25 Aussie Hopes for Recovery. Forecast as of 25.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In contrast to Canada and New Zealand, actively reducing interest rates, Australia is adopting a more cautious approach. The country believes a soft landing can be achieved without easing monetary policy. Let’s discuss this topic and make a trading plan for the AUDUSD pair. The article covers…
The New York Times released a poll today showing Trump and Harris deadlocked. That’s bad news for the Harris campaign as she had previously been leading. Combined with betting odds shifting in Trump’s favor and it’s starting to feel like we’ve hit a tipping point. The bond market has been selling off steadily today, which reads like a Trump…
GBP/USD remains above the 100-day SMA at 1.2967, with a break above 1.3000 potentially targeting 1.3015 and weekly high of 1.3057. RSI signals mild bullish momentum, but bias remains bearish below the neutral line, adding to resistance at the 1.3000 mark. Sellers need to break below 1.2967, with further support at the bottom trendline near 1.2925/35 for a bearish…
2024.10.25 2024.10.25 EURUSD: Elliott wave analysis and forecast for 25.10.24 – 01.11.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0763 with a target of 1.0990 – 1.1043. A buy signal: if the price holds above level 1.0763. Stop Loss: below 1.0730, Take Profit:…