2024.12.20 2024.12.20 GBPUSD: 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 1.2735 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.2735. Stop Loss: above 1.2765, Take Profit: 1.2240 – 1.1900. Alternative…

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All eyes and ears were on the last FOMC statement for the year, although a few surprise catalysts still caused huge swings in overall sentiment. For instance, mostly downbeat data points from China weighed on risk appetite early on while the Dow chalked up its largest losing streak since 1978. Bitcoin, on the other hand, snagged fresh…

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Markets: S&P 500 up 1.1% WTI crude up 15-cents to $69.53 US 10-year yields down 4.2 bps to 4.52% Gold up $30 to $2623 JPY leads, USD lags The mood shifted sharply on Friday as stocks looked set for another rout in the pre-market only to reverse higher. The FX market followed a similar pattern, though the moves were…

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US PCE data showed softer inflation, reducing Fed’s urgency for aggressive rate hikes. BoE held rates at 4.75%, with divisions on potential rate cuts in 2025. UK Retail Sales missed expectations, with weak demand in clothing. The GBP/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England’s (BoE) monetary policy decision on…

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2024.12.20 2024.12.20 USDJPY: 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 161.75 with a target of 138.00 – 131.40. A sell signal: if the price holds below 161.75. Stop Loss: above 162.10, Take Profit: 138.00…

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Prior was +2.9% These are one-month annualized numbers so small changes led to swings like this. That said, the latest number is one-month running at a sub-2% pace, 11 more to go. 6-month annualized: 2.2% vs 2.3% prior 12-month: 2.7% unchanged This article was written by Adam Button at www.forexlive.com.

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EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline. RSI rises sharply to 37, remaining in negative territory and reflecting hesitant recovery attempts. MACD histogram prints flat red bars, indicating persistent bearish pressure albeit with signs of stabilization. After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a minor rebound by the…

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2024.12.20 2024.12.20 XAUUSD: 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 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 – 2304.21. Alternative…

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Currently the NATO target is 2% of GDP and 9 of the 32 members don’t even hit that. According to the FT, Trump’s team has told European officials that he will demand that NATO states spending 5% of GDP on defense and also that he plans to continuing supplying aid to Ukraine. The report plays down the demand and…

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S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter minutes.

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