EUR/GBP has extended its recovery from last week’s lows, with technical indicators showing signs of improvement. Mixed signals from RSI and MACD, overall neutral outlook. The pair might continue side-ways trading in the next sessions above 0.8400. In Wednesday’s session, the EUR/GBP mildly rose to 0.8420, continuing its recovery from last week’s losses which saw the cross bottoming at…
2024.09.04 2024.09.04 What Is Intrinsic Value? Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Intrinsic value acts as a crucial gauge for the genuine worth of assets, distinct from their market pricing. This principle helps traders to evaluate an asset’s fundamental value through extensive analysis of anticipated cash flows, the significance of the time value of money, and discount rates. Such evaluations are instrumental in…
With all the crazy moves in the markets these days, I’m pretty sure some are staring at large drawdowns or even dealing with a completely blown trading account. Instead of crying in the corner, keep in mind that blowing up an account is a lot more common than you think. You’ve probably heard of the saying that 90% of traders…
There was a strong consensus for a 25 bps cut We did discuss scenarios where it would be appropriate to cut at a slower pace or by 50 basis points USD/CAD was trading at 1.3513 at the start of the press conference and the market was pricing in a 93% chance of another 25 bps cut in October. This…
The Pound Sterling finds temporary support near 1.3100 against the US Dollar as the Greenback corrects slightly. Investors see the Fed reducing interest rates this month but are split over the size of the potential rate cut. The BoE’s policy-easing cycle is expected to be shallow for the remainder of the year. The Pound Sterling (GBP) edges higher after falling…
2024.09.04 2024.09.04 Loonie’s Strong Rally May Reverse. Forecast as of 04.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ A capital spillover from the US dollar to its Canadian counterpart amid a decelerating US economy and expectations of the Fed’s monetary expansion dragged USDCAD quotes down. However, the loonie will have to pay the price for its August rally in September. Let’s discuss this topic…
U.S. equities seem to be exhausted from their climb, and it looks like this stock index is gearing up for a major reversal. Has the uptrend reached the bend at the end? Check out these inflection points on the daily time frame! S&P 500 Index (SP500) Daily Chart by TradingView In case you missed our latest market recap, you…
WTI crude oil 15-minute chart Reuters is out with the headline, citing three OPEC+ sources in saying that the bloc is discussing a delay to its planned output hike in October. It looks like they are finally not being stubborn about it but it took oil prices falling to its lowest levels this year for them to start rethinking…
EUR/USD finds a temporary cushion near 1.1030 amid a slight correction in the US Dollar. The US Dollar falls as the US ISM Manufacturing PMI data signaled a contraction in activity for the fifth month in a row. Investors await the US JOLTS Job Openings data for July. EUR/USD recovers slightly in European trading hours amid a gradual correction in…
2024.09.04 2024.09.04 Short-term Analysis for Oil, Gold, and EURUSD for 04.09.2024 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, oil reached below its August low…
