2024.12.20 2024.12.20 USDCHF: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 0.9220 with a target of 0.8586 – 0.8386. A sell signal: the price holds below 0.9220. Stop Loss: above 0.9250, Take Profit: 0.8586 –…
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…
United States UoM 5-year Consumer Inflation Expectation came in at 3%, below expectations (3.1%) in December
2024.12.20 2024.12.20 EURUSD: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.0536 with a target of 1.0193 – 1.0000. A sell signal: the price holds below 1.0536. Stop Loss: above 1.0565, Take Profit: 1.0193 – 1.0000. Alternative…
Fed’s Barr Fed vice chair for supervision Michael Barr is worried. He was appointed in 2022 for a term that lasts until 2032 but is worried that Trump may try to remove him. Reuters reports that he sought advice from law firm Arnold & Porter. I’m doubt this is meaningful for markets but it does speak to real worries…
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2024.12.20 2024.12.20 The Canadian Dollar Faces a Challenging Road. Forecast as of 20.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The political crisis in Canada has further compounded the visibly cooling labor market, weak economy, and concerns about 25% U.S. tariffs. Тhis onslaught of negative factors pushed the USDCAD quotes up. Let’s discuss it and make a trading plan. The article covers the following…
Forex traders were on their toes throughout the week, as another batch of major central bank announcements and a busy economic calendar rocked the markets.
The major U.S. stock indices ended the day with gains of 1% or more for all three major benchmarks, but they closed lower for the week. Here’s a detailed snapshot: Closing Levels (Daily Gains): Dow Jones Industrial Average: rose 498.82 points (+1.18%) to close at 42,841.06. S&P 500 Index: rose 63.79 points (+1.09%) to close at 5,930.87. NASDAQ Composite:…
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that they are still on a path to get to 2% inflation, adding that it was ‘nice’ to get an inflation number that’s better than expected. Key takeaways “There’s more uncertainty, noise.” “My projections were for a little more shallow rate-path in 2025.”…