The Pound Sterling rises even though investors expect the BoE to follow a less gradual policy easing cycle in 2025 than previously anticipated. Traders project at least two BoE interest rate cuts of 25 bps next year. US Initial Jobless Claims surprisingly fell to 219K last week. The Pound Sterling (GBP) gains against its major peers on Friday, with investors looking for…
2024.12.27 2024.12.27 WTI Crude Oil: Elliott Wave Analysis and Forecast for 27.12.24 – 03.01.25 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 78.88 with a target of 61.50 – 53.60. A sell signal: the price holds below 78.88. Stop Loss: above 79.20, Take Profit:…
Let’s finish our recap of the year for gold by breaking down the solid uptrend then consolidation in the precious metal between June and December. Once again, gold is the king reserve asset for many and tends to react to all kinds of themes and catalysts. It’s also a super liquid trading asset so it’s always one to…
Closing changes: S&P 500 -1.1% Nasdaq Comp -1.5% DJIA -0.8% Russell 2000 -1.6% Toronto TSX Comp -0.2% On the week: S&P 500 +0.7% Nasdaq Comp +0.8% DJIA +0.4% Russell 2000 +0.1% Toronto TSX Comp +0.8% We get two more days of trading before the scoreboard resets at zero. This article was written by Adam Button at www.forexlive.com.
Oil prices are up over 1.00% this Friday ahead of last Oil data points for 2024. Key US Oil data will be released Friday, with expectations for another draw down. The US Dollar Index trades flat and resides just above 108.00, heading into New Years Eve next week. Crude Oil prices are speeding higher on Friday in the US…
2024.12.27 2024.12.27 XAU/USD: Elliott Wave Analysis and Forecast for 27.12.24 – 03.01.25 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 2728.40 with a target of 2418.82 – 2304.21. A sell signal: the price holds below 2728.40. Stop Loss: above 2735, Take Profit: 2418.82 –…
EUR/CHF has shown renewed bullish momentum in recent sessions, pushing up from the 0.9300 area to test a significant technical resistance confluence around the 0.9400 handle. Check out these key inflection points we’re watching on the 4-hour time frame: EUR/CHF 4-hour Forex Chart by TradingView EUR/CHF has been caught in a wide consolidation pattern through December, following a grinding…
The USDJPY moved lower in the US session but after getting within 11 pips of the rising 100 hour MA. THe price has since bounced back to 157.84 currently as the buyers remain in firm control. THe last time the price tested the 100 hour MA was back on December 17 adn Deceember 18 before the FOMC rate decision….
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2024.12.27 2024.12.27 Confluence trading strategies in Forex Market Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ In trading theory, confluence is the use of two or more different instruments that filter and confirm each other’s signals. The most common combination is technical analysis indicators with trend lines, key levels, Fibonacci levels, and Price Action patterns. A trading system in which the instruments complement each other…
