2024.12.02 2024.12.02 Yen May Seize Its Opportunity. Forecast as of 02.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Monetary policy divergence is a strong driver, but speed and rate differentials are important. Additional uncertainty is introduced by the Trump trade. Let’s discuss this topic and make a trading plan for the USDJPY pair. The article covers the following subjects: Major Takeaways Robust data increased the odds…

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Australia’s upcoming quarterly GDP release could make or break RBA policy expectations, as another strong print could support their hawkish views. Our Event Guide for the Australian Q3 GDP noted a few growth components that likely contributed to a faster pace of expansion for the period. Here’s what I’m looking at on EUR/AUD and AUD/CAD in case…

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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…

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The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback.  Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency.  Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction.  The Pound Sterling (GBP)…

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2024.12.02 2024.12.02 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.12.2024 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. Bitcoin has likely started a sideways correction.  The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to decline in subwave C within a projected…

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Trend traders huddle up! EUR/USD is chillin’ like a villain near a key resistance zone just as the Euro Area is printing PMI reports and the U.S. is dropping key labor market-related data. Will the pair extend its trend in the next few days? We’re taking a closer look at the 4-hour chart: EUR/USD 4-hour Forex Chart by TradingView…

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In case you missed it from the weekend: Trump weekend tweet roundup: ‘Productive’ meeting with Trudeau and a BRICS rant Trump threatened BRICS countries that if they were to divest from the dollar, then they will be slapped by tariffs. In the end, it will just be another one of his rants. I mean, 100% tariffs? Really? But nonetheless,…

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The Indian Rupee weakens in Monday’s early European session.  The Indian November HSBC Manufacturing PMI came in at 56.5 vs. 57.5 prior, weaker than expected. Persistent portfolio outflows and weak domestic macroeconomic data undermine the INR.  Investors brace for the US ISM Manufacturing PMI, which is due later on Monday. The Indian Rupee (INR) remains under some selling pressure on Monday…

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The Land Down Under is about to print its economic report card for Q3 2024! Did growth improve slightly as the Reserve Bank of Australia (RBA) expected? Or were there weak spots that may support calls for an interest rate cut? Here’s what you need to know about the upcoming release and how it may impact the…

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