2024.08.14 2024.08.14 Kiwi Plunges amid RBNZ Rate Cut. Forecast as of 14.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors were surprised when the Reserve Bank of New Zealand reduced the cash rate. However, the start of monetary expansion is not the only factor affecting the NZDUSD rate. Let’s delve into these and other factors that could hinder bullish sentiment and make a trading…
This Aussie pair is testing a strong support area just before Australia prints its jobs report. Expectations are for a slower pace of hiring in July, but we may still see strong underlying employment data. Will we see a bounce or a break on EUR/AUD? This Article Is For Premium Members Only Become a Premium…
What’s the bond market saying here? The July-August plunge in Treasury yields was understandable enough as the carry trade unwound, AI worries hit and shorts were squeezed. That’s all faded away in other markets this week and yet yields are still falling. Yes, some of that is falling inflation as illustrated by today’s CPI report but that can’t be…
Global markets are pricing a shift away from normalization cuts towards aggressive Fed easing, which is part of the story on the extraordinarily high correlations across markets over the last sessions, TDS senior commodity strategist Daniel Ghali notes. Gold positioning becomes tactically bearish “The positioning set-up in Gold markets is becoming tactically bearish. Macro fund positioning is not only bloated. CTAs remain…
2024.08.14 2024.08.14 Awesome Oscillator Indicator – What Is It & How Does It Work? Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The Bill Williams Awesome Oscillator is a standard indicator used in intraday strategies as a trend confirming oscillator. It helps to estimate the strength of price impulse and predict the moment of potential price reversal. The Awesome Oscillator indicator gives clear and easily…
Getting sick of the good ol’ trading tips for beginners? Here are some unusual (yet very helpful!) pieces of advice I’ve garnered from trading pros: 1. Don’t look at your P/L Wait, what..? That’s right, close that P/L tab on your trading platform or cover that panel up with some masking tape if you have to. As newbies, it…
Prior +6.9% Market index 251.3 vs 215.1 prior Purchase index 137.7 vs 133.9 prior Refinance index 889.3 vs 661.4 prior 30-year mortgage rate 6.54% vs 6.55% prior The big jump in the past week comes as we see a spike in refinancing activity in particular. That comes as the average rate of the most popular US home loan came…
Gold is consolidating under chart resistance as falling US yields and a tense geopolitical backdrop support the metal. Upside may be limited, however, by overextended positioning. The precious metal is at the top of a range-bound consolidation, with the short-term trend biased to extend sideways. Gold (XAU/USD) trades in the $2,470s on Wednesday as it continues consolidating after its…
2024.08.14 2024.08.14 Short-term Analysis for Oil, Gold, and EURUSD for 14.08.2024 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. The euro is growing within a short-term…
GBP/AUD looks well-supported despite sticky high wage pressures in Australia. Will this week’s Australian jobs data help push GBP/AUD from its technical support zone? The 1-hour chart may give us some clues: 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…