The EURUSD has been trending to the downside recently, and in the process has extended toward August low levels. My most recent technical videos on the pair, have been focused on the 4-hour chart as the market trended lower. If you watch the kickstart video from earlier today I also spoke to the 200-day moving average which was broken…
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Consumer Staples ETF ($XLP). The rally from 5.31.2024 low unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below: 5 Wave…
2024.10.17 2024.10.17 (TRX) Tron Price Prediction for 2024, 2025-2026, and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ TRX is the native cryptocurrency of the TRON blockchain platform, enabling users to develop decentralized applications (dApps) and share digital content. The platform’s main feature is its high speed: TRON can process thousands of transactions per second. This also helps significantly reduce commissions, increasing the platform’s…
Major currencies and asset classes seem to be taking cues from their own individual catalysts, with U.K. inflation data and the “Trump trade” taking center stage. Crude oil had its usual bearish run, although the energy commodity managed to limit its losses in the past sessions compared to its steep selloff earlier in the week. Here are the updates…
USDCHF: The USDCHF moved lower from earlier highs but found support buyer near the 38.2% of the move down from the July high at 0.86318. The inability to move and stay below that level increases the levels importance going forward technically. If that level hold, the buyers remain in control. If the price moves below it, I would expect…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to lower the benchmark interest rate by 25 basis points at the October policy meeting and responds to questions from the press. ECB press conference key quotes “Incoming data suggest that activity is weaker than expected.” “Investment is expanding only slowly.” “Recent surveys point to gradual…
2024.10.17 2024.10.17 Pound sterling decelerates. Forecast as of 17.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ For much of the year, the pound sterling was the top-performing G10 currency due to the Bank of England’s measured response to inflation. However, as the BoE neared its inflation target, the balance of power on Forex shifted. Let’s discuss this topic and develop a trading plan for…
Australia’s September jobs figures mostly came in the green, as the economy reported a much faster pace of hiring for the month at 64.1K versus the projected 25.2K increase. This was enough to keep the jobless rate at 4.1% instead of the expected 4.2% reading. The previous report also enjoyed a positive revision on the unemployment rate from 4.2%…
Fundamental Overview The US Dollar has been gaining ground across the board this week despite the lack of economic data and lower Treasury yields, essentially moving forward by inertia. Stanley Druckenmiller said in an interview yesterday that the market is already positioning for a Trump victory given the moves in some stocks like DJT for example. That could explain…
Eurozone Trade Balance n.s.a. below forecasts (€17.8B) in August: Actual (€4.6B)