Key points Spirit Airlines stock jumped 53% on Monday. The catalyst was an extension the company got to refinance its debt. While the stock is cheap, it’s not a good value. Even with the huge gain, this penny stock is still down 86% YTD. Spirit Airlines (NYSE:SAVE) has endured its share of turbulence this year, but the stock was…
2024.10.22 2024.10.22 Short-term Analysis for Oil, Gold, and EURUSD for 22.10.2024 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. Oil continues its corrective growth. The article…
Our Event Guide for the upcoming BOC decision suggests that Governor Macklem and his team will cut interest rates further in October. But the central bank’s moves may be priced in, leading to potential rallies for the Canadian dollar after the BOC’s event. Here’s why CAD/CHF and EUR/CAD may present legit opportunities in case the decision turns…
There are just a couple to take note of, as highlighted in bold. The first one is for EUR/USD at the 1.0850 level. It coincides with the 100-hour moving average currently, which is where price action was held up in trading yesterday. As such, the expiries alongside the key near-term level there should limit any upside extensions in the…
Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 379.90 Malaysian Ringgits (MYR) per gram, up compared with the MYR 377.96 it cost on Monday. The price for Gold increased to MYR 4,431.09 per tola from MYR 4,408.43 per tola a day earlier. Unit measure Gold Price in MYR…
Is the Bank of Canada (BOC) likely to announce a mega 0.50% interest rate cut this time? And will they still keep the door open for further easing? Here’s what’s on my radar for AUD/CAD and CAD/JPY in case the BOC gives an extra dovish policy announcement. This Article Is For Premium Members Only Become a Premium…
The European Central Bank appear on track for another 25bp rate cut at their next meeting on December 12. They seem to be behind the curve. Times below are GMT/US Eastern time: 1400/1000 European Central Bank President Christine Lagarde in conversation with Francine Lacqua, Bloomberg 1500/1100 European Central Bank chief economist Philip Lane takes part in a fireside chat…
The Australian Dollar declines as the US Dollar gains ground due to rising risk aversion. The hawkish sentiment surrounding the RBA could limit the downside for the AUD. 2-year and 10-year US yields stand at 4.02% and 4.19%, respectively. The Australian Dollar (AUD) stayed weak against the US Dollar (USD) on Tuesday, as the AUD/USD pair struggled following a…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range,…
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late Monday that while she expects the Fed to continue slowly easing interest rates lower in the coming quarters, the Fed is still maintaining a data-dependent approach. Key highlights Daly sees ongoing rate cuts in the near future. Labor market slowdown is unwanted. No reason to halt rate…