USD/JPY daily Goldman Sachs expresses caution on holding tactical long positions in the Japanese yen (ie short USD/JPY) in the near term, despite its attractiveness as a hedge against a slowing US economy and potential recession risks. Key Points: Conclusion: Goldman Sachs remains cautious on tactical long positions in the Yen despite its role as a hedge against a…
Rubrik will release Q2 earnings after close on September 9. This is only the second quarter that Rubrik has posted results as a public company. Piper Sandler has called RBRK a top idea and presented it with a $42 price target. Microsoft stands to benefit due to its financial stake in Rubrik and its corporate partnerships. Microsoft (MSFT), the third-largest…
2024.09.09 2024.09.09 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.09.2024 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. All three cryptocurrencies continue trending down. The article covers the following subjects: Highlights and key points BTCUSD: expect a decline in impulse C to to 49,037.00. Consider opening a short position….
In forex trading, the initial goal is simple: to trade for another day. Opening an account and putting real money on it is the easy part. The challenge is to stay afloat long enough for you to acquire the skills needed to become consistently profitable. So how do you know when you’re on the right track? Does a negative…
This isn’t a market moving report because it’s a composite of data that’s already released but it’s a good view of how the labor market has returned to 2019 levels. This article was written by Adam Button at www.forexlive.com.
EUR/GBP is rising in a shallow channel since it bottomed out in late August. The trend is now probably sideways – possibly even bullish, with odds favoring more upside and a reversal. EUR/GBP continues steadily recovering in a shallow channel. The dominant short-term downtrend in August has ended and the pair has entered a sideways trend. It is even…
2024.09.09 2024.09.09 USDJPY Goes Into Nosedive. Forecast as of 09.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The decline in US Treasury bond yields on the back of a slowdown in US employment was the primary driver behind the USDJPY pair’s nosedive. However, this is not the only positive development for the yen. Let’s discuss this topic and make a trading plan. The article…
Can the U.K. jobs reports extend GBP/AUD’s uptrend? We’re looking at a potential break-and-retest scenario ahead of this week’s market movers.
Mario Draghi: The EU must spend an additional €750B/year to compete globally. Mario Draghi calls for the EU to move towards regular joint debt issuance. This article was written by Arno V Venter at www.forexlive.com.
Eurozone investors’ morale continues to deteriorate in September. EUR/USD holds lower ground near 1.1050 after the downbeat Eurozone data. The Eurozone Sentix Investor Confidence Index declined from -13.9 in August to -15.4 in September, the latest survey showed on Monday. The Expectations Index in the Eurozone recovered from August’s -8.8 to -8.0 in September. The Current Situation gauge for the region, however,…
