Market players seem to have woken up on the right side of the bed this week, as risk-on vibes led to strong gains for equities and higher-yielding currencies on Monday. How did the rest of the asset classes fare? Let’s take a look at the latest headlines and market performance: Headlines: BusinessNZ services index shot up from an upwardly…
Fundamental Overview The Russell 2000 last Thursday managed to break above a key resistance zone following strong US Jobless Claims and Retail Sales data. The market continues to fade the “growth scare” we got at the beginning of August and it’s now looking forward to the Fed’s rate cuts. In fact, the rate cuts into resilient growth should boost…
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2024.08.20 2024.08.20 Short-term Analysis for Oil, Gold, and EURUSD for 20.08.2024 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. Oil has corrected to the key support….
CAD/CHF is trading just above a technical support area ahead of Canada’s July inflation data. Will the report convince traders to extend the pair’s August uptrend? Here’s why CAD/CHF may be one of the best CAD pairs to trade in case Canada’s CPI shows upside surprises: This Article Is For Premium Members Only Become a Premium member…
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…
The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar gains ground as Treasury yields attempt to retrace recent losses. The Japanese Yen (JPY) declines against the US Dollar (USD) on Tuesday. However,…
I’m seeing a simple retracement opportunity on the short-term chart of AUD/CAD ahead of Canada’s CPI release. Is the trend still our friend on this one? Expectations are for the July inflation figures to stay mostly unchanged on a year-over-year basis, possibly convincing folks over at the Bank of Canada (BOC) to remain dovish. This Article…
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…
The New Zealand Dollar gains momentum in Tuesday’s Asian session. The positive risk sentiment weighs on the US Dollar and lifts NZD/USD. Investors await the PBoC rate decision ahead of Fedspeak on Tuesday. The New Zealand Dollar (NZD) trades in positive territory for the third consecutive day on Tuesday. The risk-on sentiment in global markets and easing geopolitical risks in…