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2024.12.19 2024.12.19 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.12.2024 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: The price may rise in the fifth part of impulse (3). Consider long positions from the current level with Take…
Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know – more rate cuts to ahead from the Bank. “The direction is clear, it’s the continuation of the direction from 2024, and that is the further reduction of interest rates” He doesn’t know where…
Aussie edges up 0.33%, consolidating around 0.6200. Markets digest US PCE data for policy cues. Fed is seen holding rates steady in early 2025. The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal Consumption Expenditures (PCE) inflation data. With the Federal Reserve (Fed) expected to keep interest rates steady at the first 2025 policy…
2024.12.19 2024.12.19 Short-Term Analysis for Oil, Gold, and EURUSD for 19.12.2024 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. Yesterday, the euro reversed its short-term uptrend….
The USDCHF fell below its 100 hour moving average, swing area and upward sloping trendline near 0.8956. That tilted the short-term bias to the downside. That momentum continued to the next key target area defined by the rising 200 hour moving average (green line on the chart above) and a swing area between 0.8914 and 0.8923. The low price…
DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit after soft Personal Consumption…
2024.12.20 2024.12.20 US Dollar Soars as US Government Shutdown Looms. Forecast as of 20.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Speculation that December’s rate cut may be the last and increased safe-haven demand due to the partial US government shutdown allowed EURUSD bears to push the pair lower. Let’s discuss this topic and make a trading plan. The article covers the following subjects:…
According to Punchbowl News: Republican leadership has proposed a plan addressing the debt limit. The proposal includes raising the debt limit by $1.5 trillion in the first reconciliation package. It also promises to cut $2.5 trillion in net mandatory spending through the reconciliation process. Statements from Key Figures: House Majority Leader Steve Scalise: if not today, they will act…
USD/JPY retreats below 157.00 at the end of the week. Traders dumped the USD after soft PCE data. The Fed’s hawkish outlook might limit the pair’s downside. The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data. Softer inflation metrics, coupled with insights from the…
