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…
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.
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…
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…
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…
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.
2024.12.20 2024.12.20 Alibaba (BABA) Stock Forecast & Predictions for 2024, 2025–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Alibaba is a major player in online commerce and cloud technology. However, its stock price continues to face pressure due to regulatory restrictions in China, US sanctions on technology exports, and the volatility of the Chinese economy. Despite these challenges, the company is demonstrating…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The US Dollar hits another two-year high in Asian trading on Friday but retreats afterwards. Besides the US PCE inflation release, Quadruple Witching – the simultaneous expiration of four types of derivative contracts – will take place. The US Dollar Index (DXY) reached 108.55 before facing some profit-taking. The US Dollar (USD) retreats slightly on Friday, with the DXY…
2024.12.20 2024.12.20 WTI Crude Oil: 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 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:…
