Technical analysis for USCrude, XAUUSD, and EURUSD today (30 September 2024)

2024.09.30 2024.09.30 Short-term Analysis for Oil, Gold, and EURUSD for 30.09.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil is growing after hitting the short-term…

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FX Watch: Eurozone CPI Report to Spur EUR/GBP Triangle Breakout?

EUR/GBP seems to be bracing for the upcoming flash eurozone CPI report, as the pair is consolidating tightly in a small triangle pattern. Which way will it go? Expectations are for another dip in price pressures for September, and leading indicators are pointing to cooler price pressures for the month. This Article Is For Premium Members…

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UK September Nationwide house prices +0.7% vs +0.2% m/m expected

In annual terms, house prices grew by 3.2% year-on-year and that’s the fastest growth in two years. The average price of a typical dwelling in the UK is at £266,094 as of the month. Nationwide notes that: “Income growth has continued to outstrip house price growth in recent months while borrowing costs have edged lower amid expectations that the…

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Gold price in Malaysia: Rates on September 30

Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 350.59 Malaysian Ringgits (MYR) per gram, down compared with the MYR 350.98 it cost on Friday. The price for Gold decreased to MYR 4,089.27 per tola from MYR 4,093.77 per tola on friday. Unit measure Gold Price in MYR 1…

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Event Guide: Euro Area CPI Report (September 2024)

With the European Central Bank (ECB) leaning towards cutting interest rates again soon, will the upcoming CPI release seal the deal for an easing move in their upcoming meeting? Here’s what you need to know if you’re planning on trading the eurozone’s flash CPI report for September. This Article Is For Premium Members Only Become a Premium member…

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Bank of England Monetary Policy Committee member Greene speaks on Monday, late NY time

2010 GMT / 1610 US Eastern time Bank of England Monetary Policy Committee member Megan Greene speaks as part of a panel discussion topic is perspectives on global monetary policy venue is the NABE economics conference in Nashville Greene spoke last week: BOE’s Greene: Appropriate to take a gradual approach to removing policy restrictiveness Bank of England AI This…

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China’s September Caixin Manufacturing PMI contracts to 49.3, Services PMI drops to 50.3

China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) contracted to 49.3 in September after reporting 50.4 in August, the latest data showed on Monday. Meanwhile, the Chinese Caixin Services PMI dropped sharply to 50.3 in September from August’s 51.6. AUD/USD reaction to China’s Caixin PMI data At the time of writing, the AUD/USD pair is paring back gains to trade near 0.6920, still…

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Japanese govmt official says industrial output will bounce back in September on autos

The data is here from earlier: Japan data – August Industrial production -3.3% m/m (expected -0.9%) Japan August Retail Sales 2.8% y/y (expected 2.3%) A Japanese government says output will get better aehaed: Fall in motor vehicle production contributed to the decline in August Chip-making equipment output also decreased due to weaker overseas demand Chip-making machinery exports to Taiwan…

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