GBP/USD chalked in a fourth consecutive down week. Despite early losses, Cable clawed back some ground late in the week. Coming up next week: UK and US CPI inflation updates. GBP/USD wrapped up a fourth straight week in the red, closing lower around four-tenths of one percent despite a late-week recovery from lows below the 1.2700 handle. A thin…
The US dollar is under mild selling pressure across the board as the trading week winds down in London. The dollar benefited from the safe haven trade early in the week but markets have calmed and that’s led to the unwind of some safe haven flows. At the same time, the Treasury market has also been volatile but yields…
NZD/JPY moves sideways after a three-day winning streak, and mixed technical signals emerge. The RSI remains near the oversold area despite rising, and the MACD prints decreasing red bars. Shrinking volume suggests that the selling pressure is waning, indicating a potential reversal. The NZD/JPY currency pair remained in a consolidation pattern on Friday, hovering around the 88.000 level. While…
2024.08.05 2024.08.05 Ripple Price Predictions: 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Ripple XRP is one of the leading cryptocurrencies. Although the coin doesn’t aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple’s success. XRP is not just a cryptocurrency. Ripple was designed as a…
The NZDUSD fell to a new low for the year on Monday on the back of the sharp fall in the Nikkei 225 (-12.4%). However, that new low only took out the April 2024 low by a few pips, and the price snapped higher. The momentum stalled near highs from last week nearly 0.5982 and after a run back…
EUR/USD wrapped up the trading week nearly where it started. Market balance has broadly recovered as wait to Fed cuts resumes. Coming up next week: EU GDP & US CPI inflation. EUR/USD finished off a sedate trading week close to where it began, trading within a tight range of slightly more than 1%. Fiber tried to spark a fresh…
2024.08.05 2024.08.05 EOS Price Prediction for 2024, 2025, 2026-2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications or ‘dApps.’ The coin is recognized as one of the leading tokens in the crypto world, although the market capitalization is not that big. While Ethereum is far…
ANZ provides insights into the outlook for the USD and GBP in the upcoming week, focusing on the impact of recent macroeconomic data and positioning trends. Key Points: USD Outlook: Macroeconomic Stability: Despite market reactions suggesting otherwise, ANZ believes the US macroeconomic backdrop is not as dire. The labor market is easing but trending towards normalization rather than a…
Gold advances for the second day on Friday, buoyed by expectations of Fed easing in September. US economic data shows deceleration but not enough to stoke recession fears. Ongoing Middle East tensions between Israel, Lebanon and Iran keep Gold demand firm. Gold prices advanced modestly for the second straight day as market participants remain convinced the Federal Reserve (Fed)…
2024.08.05 2024.08.05 NEO Price Prediction for 2024, 2025–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Known for its volatility, the digital currency market has always been exposed to both opportunities and risks. NEO, often called “China’s Ethereum,” has always been on this typical rollercoaster ride, experiencing sharp ups and downs. However, the cryptocurrency continues to attract attention in the crypto sphere, sparking…
