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…
The Greenback shrugged off its bearish start to the week and regained decent upward momentum on Tuesday, supported by a modest recovery in US yields. This came as President-elect Donald Trump proposed implementing tariffs on imports from Canada, Mexico, China, and the EU. Here is what you need to know on Wednesday, November 27: The US Dollar Index (DXY)…
2024.11.26 2024.11.26 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.11.2024 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 article covers the following subjects: Major Takeaways BTCUSD: Bullish momentum continues. Consider long positions from the current level with Take Profit at 102,246.00. XRPUSD: The price is expected to…
Our first two trade management case study ideas have put us into two fresh positions in CAD/CHF & EUR/GBP. Let’s take a quick look to see what’s happening and whether or not we should hold heading into the end of the month. This Article Is For Premium Members Only Become a Premium member for full website access, plus get:…
WTI crude oil is at the lows of the day, down $0.80 to $68.12 after rising as high as $70.30 early in US trading. The spike to the highs of the day came on a Reuters report saying that OPEC+ nations are discussing a further delay to a planned output return that was slated for January. OPEC is set…
The Minutes of the Fed’s November 7 gathering will come later. The Committees’ view of a potential move in December takes centre stage. The US Dollar Index remains close to its recent cycle peaks. The Minutes of the US Federal Reserve’s (Fed) November 6–7 monetary policy meeting will be released later on Wednesday at 19:00 GMT. The Committee further…
2024.11.26 2024.11.26 Gold Bulls Fear Scott Bessent as New Treasury Secretary. Forecast as of 26.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The process of de-dollarization and gold purchases by central banks has reached a standstill. It is becoming increasingly evident that Chinese demand is evaporating. The US dollar and Treasury yields are surging. Given the current market conditions, the XAUUSD has expectedly plummeted….
US Treasury yields are at the highs of the day, up 4-6 bps across the curve in a move that unwinds nearly half of the drop yesterday. With that, the US dollar is making headway. The pound had traded higher against the US dollar but has now reversed course and is down 11 pips to 1.2554 (from a high…
Israel has agreed in principle to the ceasefire proposal from the US, with the document now under consideration for Hezbollah to sign. President-elect Donald Trump has announced 25% tariffs on imports from Canada, with PM Trudeau initiating talks with Trump minutes after the online message. The US Dollar Index trades flight with the Index participants off set each other. …
2024.11.26 2024.11.26 Diamond Pattern Trading: A Key Technical Analysis Tool Artem Parshinhttps://www.litefinance.org/blog/authors/artem-parshin/ Trading using technical analysis patterns most often involves studying recurring price behaviors on the charts, including identifying various patterns. Today, traders use a wide range of chart patterns, some of which are rare but can be particularly advantageous. A Bullish Diamond and a Bearish Diamond are among…
