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…
Gold slips as China’s stimulus efforts fail to ease deflationary pressures. Minneapolis Fed President Kashkari’s comments on modest rate cuts and a strong labor market further support the Greenback. Geopolitical tensions, including Israel’s response to Hezbollah and Iran, continue to influence Bullion prices, with traders eyeing US economic data later this week. Gold price retraces after hitting a daily…
2024.10.14 2024.10.14 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.10.2024 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 The market continues evolving according to the previous forecast. BTCUSD: expect a downward impulse move. Consider short positions…
The New Zealand dollar has been bouncing nicely since the RBNZ cut interest rates last week. Will the Q3 2024 inflation update from New Zealand change the tides for Kiwi? We have the notes you need if you’re trading this week’s release! This Article Is For Premium Members Only Become a Premium member for full website access,…
A report is out saying Israelis Netanyahu, Defense Secretary Gallant and Chief of staff Halevi will decide on form of response to Iran without participation of the cabinet. Israel is also preparing for a large-scale attack on Lebanon including Beirut in response to targeting of Golani camp over the weekend The US has said that Americans in Beirut should…
GBP/USD remains in a tight range between 1.3010 and 1.3095, pressured by the 50-DMA at 1.3104 and support at 1.3000. Momentum favors sellers, with the RSI in bearish territory, suggesting potential for a lower move toward the 100-DMA at 1.2945. A break above 1.3100 could lead to resistance at the October 4 peak of 1.3175, with further gains targeting…
2024.10.14 2024.02.27 EUR to INR Forecast for 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Like any other financial instrument, the EURINR currency pair is sensitive to various fundamental factors, so it is sometimes difficult to predict its evolution. To make a reliable forecast for EURINR, one must thoroughly analyze macroeconomic, geopolitical, and statistical data that affect the value of this…
It’s easy to get caught up in daily defeats, isn’t it? Your forex trading strategy isn’t working. You’re losing money hand over fist even though you know your system works over the long-term, and you’re following all the rules. If you aren’t careful, you could let it discourage you, allowing negative thoughts like giving up, feeling like a failure,…
The earnings season kickstarted at the end of last week with J.P. Morgan, Wells Fargo leading the way. More financials will announce this week along with companies like United, Johnson & Johnson, Taiwan Semi Conductor and Netflix also on the release calendar. Below is a list of some of the major companies announcing earnings either before or after the…
Gold weakens after data shows a sharp fall in Chinese exports. Chinese military drills in the strait of Taiwan and fiscal stimulus supports Gold. Technically, XAU/USD reaches a key resistance level at the top of its multi-week range. Gold (XAU/USD) weakens into the $2,650s on Monday after data shows a a slide in Chinese exports, suggesting broader strains on the world’s…