Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 12.08.2024

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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A light one on the agenda in Europe today

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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Event Guide: U.K. Employment Report (July 2024)

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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AUD/USD: Where we are at and where we are going

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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UBS hold steady forecasting S&P 500 to 5,900 by year end, and higher to 6,200 by June 2025

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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