2024.08.22 2024.08.22 Short-term Analysis for Oil, Gold, and EURUSD for 22.08.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, 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. Gold continues to trade in a short-term…

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Just when it seemed that the Greenback was in recovery mode, it chalked up another day in the red thanks to a couple of major catalysts. How did the rest of the markets fare? Here are the headlines and economic updates you need to know: Headlines: Japanese July trade deficit narrowed from 0.82T JPY to 0.76T JPY vs. expected…

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Prior 43.2 Services PMI 51.4 vs 52.3 expected Prior 52.5 Composite PMI 48.5 vs 49.2 expected Prior 49.1 German business activity continues to contract in August and the services sector is also starting to weaken further in Q3. The contrast highlights how much of the boost in France owes to the Paris Olympics. In any case, this just reaffirms…

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USD/CAD is poppin’ up red candlesticks just below a key technical support area! Are we looking at a breakout in the making? Or are dollar bulls about to stomp in and say, “Not today, bears!”? USD/CAD Daily Forex Chart by TradingView The U.S. dollar is down bad in August, thanks to U.S. data releases and FOMC member speeches supporting…

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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DXY moves away from the YTD low set on Wednesday, albeit lacks bullish conviction. A modest uptick in the US Treasury bond yields offers some support to the Greenback. Rising odds for a larger Fed rate cut in September should cap any meaningful upside.  The US Dollar (USD) edges higher during the Asian session on Thursday and for now,…

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Heads up! The U.K. is releasing its August Flash PMIs tomorrow! What are the markets expecting and how could the releases affect British pound sentiment this week? We have the points you need if you’re trading the releases! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience…

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Bank of Korea leaves its base rate unchanged for a 13th straight meeting at 3.5% 38 of 40 analysts surveyed tipped unchanged Forecasts: 2024 growth at 2.4% (vs 2.5% seen in May) 2024 inflation at 2.5% 2025 growth at 2.1% (vs 2.1% seen in May) Sees 2025 inflation at 2.1% This article was written by Eamonn Sheridan at www.forexlive.com.

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