EURJPY Forecast & Predictions for 2024, 2025–2026 and Beyond

2024.10.15 2024.10.15 EURJPY Forecast & Predictions for 2024, 2025–2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The EURJPY currency pair is a magnet for traders due to its intriguing volatility. It represents a blend of two significant world economies – the EU and Japan – and is subject to the whims of global economic health, monetary policies, and market sentiment. Experts suggest…

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WTI crude oil falls 4% on signs Israel won’t strike Iran’s oil

Oil daily Various reports suggest that Israel won’t strike Iran’s oil infrastructure in retaliation for recent strikes. The latest report cited officials from the Biden administration, speaking anonymously to the Associated Press, was said that Israel has pledged not to attack Iranian oil and nuclear sites. However, these officials express skepticism about the reliability of Israel’s commitment, suggesting that…

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Advance Decline (A/D) Index: Definition, Formula, and Market Insights

2024.10.15 2024.10.15 Advance-Decline Line Index Explained: Formula, Examples, and Trading Implications Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The advance/decline line (A/D) is a valuable technical indicator for analyzing the stock market. The A/D line indicator is used to analyze the overall stock market and indexes, enabling traders to ascertain the prevailing trend direction and gauge market breadth. This article examines how the advance/decline…

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US stock futures flat ahead of the open

SPX daily Can the bulls do it again? S&P 500 futures are up 4 points today despite the rout in China. There is some help from lower bond yields and the 4% decline in oil prices but overall resilience in equities has been remarkable. For the past week, we’ve seen a consistent pattern of softish futures followed by impressive…

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GBP finds bargain hunters on weakness to near 1.30 – Scotiabank

The Pound Sterling (GBP) continues to draw firm support on softness through the low 1.30s and has rebounded quite firmly from the intraday low again today, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP is trying to bottom out “UK data showed only moderate progress on elevated wages (Average Weekly Earnings dipped to 3.8% in August from an upwardly…

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Scarcity of Bears on Gold. Forecast as of 15.10.2024

2024.10.15 2024.10.15 Scarcity of Bears on Gold. Forecast as of 15.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The pullback in the gold price proved to be less pronounced than expected. The precious metal held above $2600 per ounce and then returned to its initial level. The question now is, what will happen next? Let’s discuss this topic and develop a trading plan. The…

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Germany October ZEW survey current conditions -86.9 vs -84.5 expected

Prior -84.5 Economic sentiment 13.1 vs 10.0 expected Prior 3.6 The only good news is that the outlook reading is seen improving, with respondents taking positively to more stable inflation expectations and ECB rate cuts. The increased optimism also has partly to do with China’s recent economic stimulus measures, as announced at the end of last month. However, how…

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