The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1460, as against the previous day’s fix of 7.1386 and 7.1821 Reuters estimates.
2024.08.07 2024.08.07 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 07.08.2024 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: correction is expected to develop. Consider long positions from the current level with Take Profit at 57883.91….
The Canadian dollar (CAD) strengthened against the U.S. dollar (USD), and reached a two-week high as market volatility eased. With the turmoil fueled by the deleveraging of yen-funded trades and uncertainty around U.S. interest rate cuts now calming, market participants are regaining confidence in the CAD. However, the Bank of Canada remains cautious about the nation’s economic future, citing…
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…
USD/JPY surges 240+ pips, trading at 146.86, fueled by BoJ comments. Breaking 148.00 may target Tenkan-Sen at 148.45, then 149.00. Failure to hold 146.37 could lead to pullback to 146.00 and 145.00. The USD/JPY soared late in the North American session, up by more than 1.50% or 240 plus pips, after a Bank of Japan official stated that they…
2024.08.07 2024.08.07 General Electric Stock Forecast & Predictions for 2024, 2025, 2026-2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ General Electric (GE) is a prominent focus for investors in the dynamic world of stock trading, especially as we look towards 2024 and the following years. GE stock has experienced numerous ups and downs, resulting in profits and losses for investors. The prevailing…
New Zealand reported a 0.4% quarter-on-quarter increase in employment for Q2 2024, contrary to expectations of a 0.2% decline. The country’s jobless rate also turned out better than expected at 4.6%, a notch lower than the 4.7% consensus. Wage growth beat estimates as well, with the labor cost index showing a 0.9% quarterly gain versus the projected 0.8% uptick….
SPX 10 mins Suddenly, it’s not a pretty picture in global equity markets. Today’s 10-year Treasury sale was a poor one, pushing yields higher. The bond market has stabilized since but stocks are now at the lows of the day. The price action has bled into FX as well, with the Australian dollar now barely positive. The turn in…
United States 10-Year Note Auction: 3.96% vs previous 4.276%
2024.08.07 2024.08.07 Economic calendar for the week 12.08.2024 – 18.08.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The aftermath of the August 5 Black Monday continues to affect investor activity. Japan’s Nikkei 225 index plunged 13.47%, partly due to a sharp yen strengthening. This decline then spread to Europe and the United States. The market has reached below multi-week lows in a matter of…