2024.08.12 2024.08.12 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 12.08.2024 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 in the impulse wave C. Consider short trades at the current level with…

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GBP/JPY bounced from its August lows and is approaching potential resistance areas. How can the U.K.’s upcoming jobs data affect GBP/JPY’s trend?

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A Japanese market holiday isn’t making it too exciting to start the new week. Overall market action is much calmer, though USD/JPY is creeping a little higher to 147.15 currently. Still, the pair is “only” sitting in a 50 pips range so it pales in comparison to the swings from last week. Besides that, other major currencies are not…

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The Japanese Yen declines due to low trading as traders observe the Mountain Day holiday in Japan. The US Dollar receives support due to diminished odds of Fed rate cuts following last week’s upbeat US data. Safe-haven flows may limit the downside of the JPY amid increased geopolitical tensions. The Japanese Yen (JPY) retraces its recent gains against the…

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The U.K. will start a busy calendar week with its latest employment data. What are the markets expecting for the results and which components can influence the British pound’s intraweek trends? We have the deets right here: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…

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Westpac’s 1 – 3 month view on the Australian dollar, in very brief. This is a great summary of where we are at where we are going: Conditions remain very unsettled, and AUD/USD looks set to remain choppy and challenging. Further “volatility shocks” can’t be ruled out, which would see a retest of the 0.63-0.64 zone. At the same…

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GBP/USD attracts some sellers on Monday amid a modest USD uptick. Geopolitical risks turn out to be a key factor benefitting the Greenback. Dovish Fed expectations should cap the buck and limit further downside.  The GBP/USD pair kicks off the new week on a weaker note and for now, seems to have stalled a two-day-old recovery from the 1.2665…

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Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management spoke on Friday, says upside ahead for equities. Citing: Federal interest-rate cut ahead solid growth backdrop “Because of this, I think the markets can be supported” “There are also some contrarian buy signals that are emerging.” “With economic and earnings fundamentals still good and the Fed…

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Makoto Sakurai is a former Bank of Japan monetary board member. says the Bank of Japan will not be able to hike again in 2024 predicts a rate hike by March 2025 If he is right it’ll be a positive for calming markets and the Nikkei. ps. Today is a market holiday in Japan – closed on Monday, August…

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