2024.08.12 2024.08.12 Ethereum Price Predictions: 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Cryptocurrencies are volatile by nature and, thus, are difficult to predict. Nonetheless, cryptocurrency experts have tried their best to forecast the price of Ethereum in 2024 and beyond. The ETH’s price prediction is a controversial topic, but the price of ETH is expected to perform well on the…
The New Zealand dollar dropped sharply earlier today and, no, it’s not because your trading platform suffered a “massive DDoS attack.” A few hours earlier, the Reserve Bank of New Zealand (RBNZ) surprised the markets by cutting its Official Cash Rate by 25 bps to 5.25% when a lot of market players expected it to remain at 5.50%. In…
Orr is speaking in Wellington, New Zealand. Says the Bank’s Monetary Policy Committee has achieved a very strong level of confidence that low and stable inflation is back within 1 – 3 % range Nothing further at this stage. NZD/USD is around 0.5986 This article was written by Eamonn Sheridan at www.forexlive.com.
Reserve Bank of Australia Governor Michele Bullock said on Friday that the central bank remains focused on the potential upside risks to inflation, adding that it does not expect to cut rates in the near term. Key quotes The board is of the view that it currently has the balance right between reducing inflation in a reasonable timeframe. Our…
2024.08.15 2024.08.15 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 15.08.2024 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 may fall to the previous low of 49073.60. Consider short trades at the current level with…
The U.S. government recently moved over 10,000 bitcoin (BTC) from a government-linked wallet, a transaction worth around $600 million to a wallet associated with Coinbase Prime. This move follows a previous transfer of $2 billion in late July. Currently, the US government holds approximately $12 billion in bitcoin, mainly from law enforcement actions like the Silk Road seizure. The…
Yesterday the People’s Bank of China declined to conduct a new Medium-term Lending Facility (MLF): It’ll conduct the MLF on August 26. This is after the setting of Loan Prime Rates (LPRs) due on the 20th. The PBOC did similar last month. Both the series of rate cuts, and their sequence, indicated its policy framework had changed. Yeterday was…
USD steadies amidst mixed market reactions and fresh data releases. Retail Sales from July came in strong as well as weekly Jobless Claims. Markets continue confident outlook about a September cut by the Fed. The US Dollar (USD), measured by the US Dollar Index (DXY), consolidated and rose toward the 102.90 level during Thursday’s trading session. This was influenced…
2024.08.15 2024.08.15 Short-term Analysis for Oil, Gold, and EURUSD for 15.08.2024 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 continues to trade in a downward…
The RBNZ took the spotlight early in the day with a surprise rate cut, but data releases from the U.K. and the U.S. soon drew attention to other market themes. How did your favorite assets trade on Wednesday? Let’s discuss the major headlines: Headlines: RBNZ surprised the markets with a 25bps rate cut and hinted at further interest rate…