Challenges are expected when trading currencies. But have challenges become big enough to turn into major obstacles for you? Here are some of the typical barriers to profitability and how you can overcome them. 1. Insufficient capital One of the first barriers to trading for many is the lack of financial capital to put in a live account. While…
The pound was a surprisingly-strong performer in 2024 but I think there will be a catch-down trade in 2025. The strength last year was driven by a more-hawkish central bank but the stick inflation last year wasn’t due to a stronger economy (like the US) but structural factors. Now the growth outlook is deteriorating and the central bank continues…
The ADP Employment Change will likely have a limited impact on financial markets. The US private sector is expected to have added 140,000 new positions in December. The US Dollar Index corrected extreme overbought conditions, retains its bullish stance. Financial markets slowly return from the winter holidays and the macroeconomic calendar starts to be packed. These days, the focus…
2025.01.08 2025.01.08 Aussie Takes Nosedive to Multi-Month Lows. Forecast as of 08.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Bearish drivers that triggered a decline of over 9% in the AUDUSD pair in 2024 continue to exert increasing downward pressure, contributing to a sustained downtrend. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Major Takeaways The aussie…
AUD/NZD has been cruising higher inside an ascending channel for more than a month already, and it looks like another test of support is due. Take a look at these inflection points on the 4-hour time frame! AUD/NZD 4-hour Forex Chart by TradingView Earlier today, the Australian economy printed a stronger than expected December CPI reading of 2.3% versus…
Nasdaq 100 Futures (NQ) Technical Analysis – January 8, 2025 Current Price: 21,430 Key Levels to Watch for NQ Today Support Levels: 21,410: Yesterday’s Value Area Low (VAL) is providing support. A sustained drop below this level could open the door to: 21,360–21,350: Next support zone. 21,000–20,975: Extended downside target if the selling pressure accelerates. Resistance Levels: 21,450: Yesterday’s…
Gold price turns positive for the second straight day and draws support from a combination of factors. Trade war fears and geopolitical risks lend support to the XAU/USD amid a modest USD downtick. The Fed’s hawkish stance and elevated US bond yields might cap the upside ahead of FOMC Minutes. Gold price (XAU/USD) sticks to modest intraday gains through…
2025.01.08 2025.01.08 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.01.2025 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: Major Takeaways BTCUSD: An ascending correction B is expected to develop within a triangular correction (4). Consider long positions from the current level…
The Australian Bureau of Statistics (ABS) showed Australia’s headline inflation rising by 2.3% in the 12 months to November, up from October’s 2.1% reading, with underlying inflation measures signaling persistent price pressures. Excluding volatile items and holiday travel, consumer prices rose by 2.8% in November, accelerating from 2.4% in October. Meanwhile, Reserve Bank of Australia’s (RBA) trimmed mean inflation…
There is arguably just one to take note of on the day, as highlighted in bold. That being for EUR/GBP at the 0.8300 level. That is likely to keep price action in the pair more locked in around the figure level before the expiries roll off later in the day. For more information on how to use this data,…
