2024.09.20 2024.09.20 XAU/USD: Elliott wave analysis and forecast for 20.09.24 – 27.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2472.80 with a growth target of 2700.00 – 2800.00. A buy signal: if the price holds above 2472.80. Stop Loss: below 2472.80, Take Profit:…

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The recent drop in oil prices hasn’t curbed drilling yet but could hurt budgets for 2025. This article was written by Adam Button at www.forexlive.com.

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The Pound Sterling outperforms its major peers as UK Retail Sales grew at a faster-than-expected pace in August Fears of UK inflation remaining persistent have deepened after an acceleration in price pressures coming from the services sector. The Fed is expected to continue an aggressive policy-easing cycle. The Pound Sterling (GBP) performs strongly against its major peers on Friday. The…

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2024.09.20 2024.05.22 Rising Wedge: What Is It & How Does It Work? Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Technical analysis encompasses various chart and candlestick patterns that reflect traders’ sentiment and behavior in financial markets. These chart patterns, in combination with technical indicators, help traders make more informed trading decisions. One of these price patterns is a “Rising wedge” bearish pattern, signaling a…

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Stock heatmap by FinViz.com Fri, 20 Sep 2024 13:46:03 GMT 📊 Sector Overview: Divergent Performances Across Markets Today’s US stock market presents a mixed bag of performances across various sectors. While some giants show resilience, others endure noticeable declines, painting a complex picture for investors. 📉 Semiconductor Sector: Declines Cast a Shadow The semiconductor sector is struggling, with big…

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EUR/USD retains a firm undertone but EUR has drifted off its best levels of the week as short-term yield spreads correct slightly from the peak seen earlier this week, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Price action is neutral on the intraday chart “Narrower EZ/US yield spreads overall (the narrowest in more than a year) remain a prime…

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2024.09.20 2024.09.20 USD/JPY: Elliott wave analysis and forecast for 20.09.24 – 27.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 147.30 with a bearish target of 131.25 – 123.97. A sell signal: if the price holds below 147.30. Stop Loss: above 149.00, Take Profit:…

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In an 8-1 vote, Bank of England (BOE) members voted to keep their official bank rate at 5.00% in September. Swati Dhingra, a known dovish member, voted for another 25bps rate cut following a similar reduction in August. The voting result is much less “finely balanced” than the 5-4 decision to cut rates last month and the 7-2 score…

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Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot showing two more 25 bps cuts by the…

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Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will analyze the impact of whether Yen’s strengthening since August will impact prices by the same degree as previous Yen weakness had on prices.” The BoJ left the benchmark interest rate at 0.15%-0.25% following its September policy meeting. Additional quotes Today’s CPI…

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