Oil rigs -2 Natural gas rigs +2 This article was written by Adam Button at www.forexlive.com.

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NZD/USD retreats further, dropping below 0.6000. Oversold RSI points to possible corrective bounce, but bearish momentum remains strong. The pair stands in lows since early August. The NZD/USD currency pair has extended its downtrend, with bears maintaining a firm grip as selling momentum builds. During Friday’s session, the pair fell by 0.60% to 0.5980, hitting lows not witnessed since…

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The risk mood is slowly deteriorating after a strong start. The S&P 500 is up just 10 points after rising is much as 50 pips. The trend has been steady and I haven’t seen any headlines that would explain the moves. I’d chalk it up to angst around the election. AUD/USD is now trading at the lowest since August…

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EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800 handle to round out…

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2024.10.25 2024.10.25 Dollar Makes a Pause. Forecast as of 25.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Many bearish factors have already been priced in EURUSD quotes, leading sellers to lock in profits. As a result, the likelihood of either a correction or consolidation in the main currency pair is increasing. Let’s discuss it and make a trading plan.  The article covers the following…

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As the November 5 US presidential election approaches, Credit Agricole analyzes the potential impacts on the US dollar, noting improving odds for a Donald Trump victory and the subsequent market reactions. Key Points: The rising likelihood of a Donald Trump win has led to renewed interest in “Trump trades,” contributing to a rally in the USD. The key considerations…

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US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains robust with GDPNow tracking third-quarter growth at 3.4%. The strong economic outlook might push the Federal Reserve (Fed) to…

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2024.10.25 2024.10.25 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 25.10.2024 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: a horizontal correction is completed, and a bearish trend has started developing. Consider opening short positions from…

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gold daily Gold is impressive once again today as it rises $8 to $2743 after earlier falling as low as $2717. The rebound virtually assures that it will break the weekly closing record of $2719 set just a week ago. It’s been record after record for gold and on Wednesday it touched the best-ever at $2758 before a round…

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Crude Oil dips back near $71.00 as markets price in a fresh string of events in Israel. US Secretary of State Blinken tries to step up diplomatic efforts, attempting to broker deal in favor of Harris.  The US Dollar Index finds support at 104.00 ahead of US Durable Goods.  Crude Oil price is havig a small uptick on Friday…

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