We’re about to see some of the first business activity indicators in the U.S. for August! What are traders expecting and how can the U.S. PMI releases affect the dollar’s price action? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event…
UBS analysts are looking for he S&P 500 to reach 5,900 by year-end and 6,200 by June 2025. Reasoning (in summary): Federal Reserve officials are confident that rate cuts may soon be appropriate At Jackson Hole Fed Chair Powell is expected to provide guidance on the Fed’s future actions as it moves away from its restrictive policies. If not,…
AUD/USD experienced a slight drop, adjusting to 0.6745 on Wednesday. The persistent hawkish views of the RBA keep backing the Aussie versus its peers. Dovish bets on the Fed weaken the USD. On Wednesday, the AUD/USD is seeing a slight decline as traders digest the nearly 2% rally from the last sessions. The discourse on monetary policy divergence between the…
Gold diggers—both literal and figurative—must be in high spirits right now! 😂 Gold continues to make new all-time highs and has surged past the $2,500 mark, driven by a weaker U.S. dollar and expectations of a Federal Reserve interest rate cut in September. Due to its reputation as a stable investment during turbulent times, geopolitical instability and economic concerns…
Maybe it’s just leverage. Treasury yields fell on the rout in global equities at the start of the month but they’ve since stayed down even with equities sizzling. Some of that is surely a picture of inflation that’s placid but that’s still tough to square. Maybe the simple answer is the best one: People are in leveraged longs in…
American Express gets uncommon downgrade from BofA Securities. AXP stock loses 3.7% on Wednesday despite index gains. BofA says that AXP is overvalued based on recent meager growth. Investors are excited about Fed Minutes and Jackson Hole Symposium this week. American Express (AXP) stock was the lowest performing member of the Dow Jones Industrial Average (DJIA) on Wednesday,…
2024.08.21 2024.08.21 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.08.2024 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: the pair is expected to continue declining in correction (2) toward 55901.27. Consider short trades at the current level with…
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process, you usually forget the most basic risk management practices. Here are five everyday habits that might help in limiting your risk exposure. 1. Double, triple, and even quadruple-check your orders Electronic trading has made it…
Economists widely estimated that US non-farm payrolls would be revised lower from the prior numbers showing 2.9 million jobs added in the year ending in March, or 242,000 per month. Goldman Sachs had floated a range of 600K-1M job losses. This would put the monthly average at 174K, a decline of 68K jobs per month. One critical caveat is…
The US Dollar sees selling pick up again at exact the same time of day as earlier this week. The Greenback sees its technical bounce being foiled. The US Dollar index trades near 101.40, with a long road to recovery ahead. The US Dollar (USD) is back to flat, residing near the opening level of 2024 and could still…