The Australian Dollar rises as the RBA intends to maintain a restrictive monetary policy. The RBA Meeting Minutes indicated that the board remains vigilant about the potential for further inflation. The US Dollar may appreciate due to cautious remarks from Fed officials. The Australian Dollar (AUD) retraces its recent losses on Thursday, buoyed by a hawkish outlook from the…
2024.11.20 2024.11.20 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.11.2024 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. The three cryptocurrencies continue following the scenarios we have previously identified. The article covers the following subjects: Major Takeaways BTCUSD: Bullish momentum continues. Consider long positions from the current…
Financial markets showed mixed behavior as traders processed statements from Federal Reserve officials, while Bitcoin made headlines by reaching new all-time highs and rising inflation data from the UK added to the mix. Let’s dive into today’s key market developments! Headlines: Australian Leading Economic Index improved from –0.20% to +0.26% in October Japan trade balance for October 2024: -¥461.2B…
Reports out of New Zealand today that New Zealand Treasury plans to revise economic and fiscal forecasts due to a sustained slowdown in productivity. In brief: Economic recovery, previously expected in late 2024, is now anticipated to begin later, according to Chief Economic Adviser Dominick Stephens. Slower economic growth is reducing tax revenue, increasing challenges for the government to…
The Dow Jones backslid another 150 points on Wednesday at its low point. Equity markets with little data to chew on are awaiting key earnings reports. Nvidia earnings are due after the closing bell, meaningful economic data starts Thursday. The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday, churning chart paper just north of the 43,000 handle….
2024.11.20 2024.11.20 US Dollar Loses Momentum. Forecast as of 20.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The EURUSD pair shows signs of recovery after a precipitous collapse, supported by heightened geopolitical tensions in Eastern Europe and declining US Treasury yields. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Major Takeaways Geopolitical risks have boosted demand for…
The U.K. Consumer Price Index (CPI) increased to 2.3% year-over-year in October, surpassing expectations of 2.2% and rising from 1.7% in September. This brings inflation back above the Bank of England’s 2% target. Key points from the Office for National Statistics (ONS) report: Core inflation, excluding energy, food, alcohol, and tobacco, rose to 3.3% from 3.2% Services inflation increased…
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…
Bank of England (BoE) Deputy Governor Dave Ramsden spoke late in the London market session on Wednesday, highlighting the BoE dove’s stance on rate cuts versus the UK’s current inflation outlook. The BoE policymaker shrugged off October’s upswing in UK inflation as an outlier, convinced that UK inflation will continue to fall fast enough to allow the BoE to…
2024.11.20 2024.11.20 Visa Stock Forecast for 2024, 2025-2026, and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Visa Inc. is an international company with a focus on payment technologies. It was founded in 1958 and went public in 2008. Visa operates one of the largest electronic payment networks in the world, with coverage in more than 200 countries. Notable acquisitions such as Cybersource and…
