The Euro (EUR) is expected to consolidate between 1.0895 and 1.0960. EUR is still positive, but it has to surpass 1.1010 before further advance to 1.1070 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes. EUR to continue growing above 1.1010 24-HOUR VIEW: “Yesterday, we indicated ‘provided that EUR remains above 1.0910, it…
2024.08.07 2024.08.07 Short-term Analysis for Oil, Gold, and EURUSD for 07.08.2024 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. Oil continues to trade in a short-term…
Are gold bulls struggling to sustain the precious metal’s climb these days? Here’s a classic reversal pattern I’m watching on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TradingView Gold made a couple of failed attempts to bust through its July highs around the $2,475 area, falling back to the area of interest near $2,375 to form a…
The market is in a calmer mood once again today, looking to keep a steadier tone overall. Traders are taking a breather from the Monday rout although the air of optimism did get a bit thin for a while yesterday. But Wall Street finished stronger, despite some selling late into the close. And that’s providing some base for today:…
EUR/USD trades in negative territory for the second consecutive day around 1.0915 in Wednesday’s Asian session. Traders expect a deeper Fed rate cut in September this year. The disappointing Eurozone June Retail Sales report exerts some selling pressure on the Euro. The EUR/USD pair trades on a softer note near 1.0915 after retracing from seven-month highs of nearly 1.1008…
2024.08.06 2024.08.06 EURUSD Hits Fresh High as Global Stock Rout Deepens. Forecast as of 06.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The impending recession in the US economy prompted a significant shift in financial markets. Severe shock waves hit global stock markets from Asia to North America. Meanwhile, EURUSD quotes soared to 1.1, a seven-month high. Let’s discuss this topic and make a…
I’m seeing this classic reversal pattern on the short-term chart of GBP/NZD ahead of New Zealand’s quarterly jobs release. Are we about to see strong figures that could keep the RBNZ hawkish? Or will a possible rebound in risk appetite boost the higher-yielding Kiwi midweek? This Article Is For Premium Members Only Become a Premium member…
Bank of Japan deputy governor Uchida, comments here: BOJ deputy governor Uchida says the Bank’s interest rate can change if needed USD/JPY jumping, Nikkei higher also. This article was written by Eamonn Sheridan at www.forexlive.com.
NZD/USD gains momentum around 0.5980 in Wednesday’s early Asian session, gaining 0.54% on the day. New Zealand’s Unemployment Rate ticked higher to the highest since March 2021, rising to 4.6% in Q2 vs. 4.3 prior. Fed’s Daly expects interest rate cuts to come as the labor market weakens. The NZD/USD pair extends the rally near 0.5980 during the early…
2024.08.06 2024.08.06 Short-term Analysis for Oil, Gold, and EURUSD for 06.08.2024 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. Gold’s short-term uptrend reversed yesterday. The article…
