2024.10.22 2024.10.22 The Dollar Reasserted Its Dominance. Forecast as of 22.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Trump trade has offset the differing pace of monetary expansion between the Fed and the ECB as the U.S. presidential election approaches. However, this factor remains in play, pushing the EURUSD to the bottom. Let’s discuss it and make a trading plan. The article covers…
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…
GBP/USD Price Forecast: Dives below 1.3000 and tests 100-DMA The Pound Sterling extended its losses against the US Dollar for two straight days, with sellers clearing the 1.3000 figure decisively, which could pave the way for further downside. At the time of writing, the GBP/USD trades at 1.2961, fluctuating around the 100-day moving average (DMA), down 0.15%. Read More… Pound Sterling falls…
2024.10.22 2024.10.22 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 22.10.2024 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 price may rise to the previous high. Consider long positions from the current level with Take Profit…
The major assets were all over the charts on Monday despite a lack of top-tier data releases. Crude oil found support from escalating tensions in the Middle East while gold prices turned lower after hitting fresh record highs. How did your other closely watched assets trade? We have the deets! Headlines: As expected, PBOC cut its 1-year and 5-year…
Stock heatmap by FinViz.com Tue, 22 Oct 2024 13:46:02 GMT Sector Overview Today’s US stock market heatmap reveals a day of mixed movement, with the technology sector facing notable challenges while financials show resilience. The technology sector, particularly semiconductors and consumer electronics, are seeing significant drops, whereas some pockets in finance and energy demonstrate stability. 📉 Tech Sector: Under…
The Pound Sterling declines to a fresh two-month low against the US Dollar ahead of BoE Bailey’s speech. Bailey may reiterate a dovish stance on the interest-rate outlook, signaling that more interest-rate cuts are on the way. The US Dollar outlook remains upbeat as uncertainty increases ahead of the US presidential election. The Pound Sterling (GBP) weakens against its major…
2024.10.22 2024.10.22 Gold Bulls Bet on Donald Trump’s Victory. Forecast as of 22.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Gold, along with other assets, is an instrument of the Trump trade. The Republican’s ratings growth ahead of the US presidential election pushes the XAUUSD pair higher despite the strength of the US dollar. Let’s discuss this topic and develop a trading plan. The…
The BOC is widely expected to extend its easing cycle with another rate cut! What are the markets expecting from the release and how does CAD usually react to the event? We got the points you need to know if you’re trading BOC’s decision and presser! This Article Is For Premium Members Only Become a Premium member…
European indices are also all in negative territory, with the DAX also down by 0.1% after a decent open earlier. Other major indices in the region are down some 0.6% to 0.8% with the negative mood also reflected in US futures. S&P 500 futures are down 0.5% with Nasdaq futures down 0.6% currently. S&P 500 futures In the bigger…