This forex pair recently busted out of its daily triangle consolidation pattern, hinting at the start of a long-term trend. Is the rally fading or is this merely a retest? Take a look at these inflection points on the long-term chart! EUR/NZD Daily Forex Chart by TradingView After consolidating inside a descending triangle formation for almost a year already,…
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Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $30.10 per troy ounce, up 0.87% from the $29.84 it cost on Friday. Silver prices have increased by 26.48% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 30.10 1 Gram 0.97 The Gold/Silver ratio, which shows the number of…
2024.08.26 2024.08.26 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.08.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: a bullish impulse wave may develop up to the level of 69,940.00. Consider long positions from the current level…
U.S. crude oil prices continue to recover after revisiting its August lows last week. How high can WTI crude fly before sellers gather enough bearish momentum? We’re taking a closer look at a possible resistance area: WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed it, a lack of progress on Gaza ceasefire talks helped pull…
• The bank suggests that EURUSD is overvalued, and that the pair has overshot its fundamentals • Thinks near-term fair value is closer to 1.10 for EURUSD • They expect better US data in coming months to push back on excessive rate cut expectations to support the USD • Believes 100bp of cuts priced for the Fed by year-end…
The Japanese Yen appreciates due to the hawkish speech by the BoJ Governor Ueda in Parliament. The USD/JPY pair loses ground due to differing policy outlooks between the two central banks. The US Dollar lost ground following the dovish stance of the Fed Chair Powell at the Jackson Hole Symposium. The Japanese Yen (JPY) continues to strengthen for the…
The market spotlight is on inflation updates from major economies this week, with the U.S. core PCE price index potentially being the star of the show. What are number crunchers expecting for the July CPI readings? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term…
Currencies have traded in tight ranges as we get the new week underway without any meaningful fundamental catalysts behind today’s moves. The JPY (white) is in the lead this morning. Some are attributing the JPY’s Asia-Pac strength to the difference in tone on Friday between Gov Ueda and Chair Powell. The is second strongest on the session so far….
GBP/USD trades in positive territory for the eighth consecutive day near 1.3215 in Monday’s early Asian session. Fed’s Powell signalled for a September rate cut but did not mention about the size and pace of the rate cut. BoE’s Bailey said it’s still too early to declare victory on inflation. The GBP/USD pair trades on a stronger note around…