2024.08.08 2024.08.08 Nightmares Haunt US Dollar. Forecast as of 08.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The decline in US Treasury bond yields and stock indices is prompting a renewed focus on the recession narrative, which is supporting the EURUSD pair. The greenback is facing pressure from investors calling for the Fed to slash interest rates. Let’s discuss this topic and make a…
Cryptocurrencies have experienced a rebound from the massive sell-off on Monday, with Solana (SOL) leading the charge. Solana (SOL) has emerged as a strong contender in the cryptocurrency market, often referred to as the “Ethereum killer.” Despite recent volatility, Solana offers compelling reasons for crypto traders to consider adding it to their portfolios. 1. Strong Fundamentals Solana is one…
Via a note from Rabobank in London: AUD … wild ride in the past few weeks between mid-July and the start of this week, AUD/USD retraced all of the gains that it had made since late April, before showing signs of recovery reasons for the swings are linked both to a change in expectations regarding RBA policy and to…
Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 4,472.92 Philippine Pesos (PHP) per gram, up compared with the PHP 4,394.83 it cost on Wednesday. The price for Gold increased to PHP 52,171.22 per tola from PHP 51,260.48 per tola a day earlier. Unit measure Gold Price in PHP…
2024.08.08 2024.08.08 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 08.08.2024 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: Highlights and key points BTCUSD: correction is expected to develop. Consider long positions from the current level with Take Profit at 57883.00….
The Reserve Bank of New Zealand (RBNZ) already noted of the economy’s easing labor conditions in its July decision. Will the Q2 2024 labor market data support the central bank’s dovish pivot? Read on to see what the markets are expecting from the event! This Article Is For Premium Members Only Become a Premium member for full…
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…
Another positive session saw the Greenback advance to weekly tops, helped by the extra depreciation of the Japanese currency and the unabated march north in US yields across the spectrum. Here is what you need to know on Friday, August 9: The USD Index (DXY) climbed to four-day highs beyond 103.50 in the context of higher yields globally and…
2024.08.08 2024.08.08 Short-term Analysis for Oil, Gold, and EURUSD for 08.08.2024 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 corrected to the resistance (A). The…
A bit of calm returned to the financial markets in the past trading sessions, but we still saw pretty big moves among a few major currencies and asset classes. Bitcoin staged quite the rebound as it closed roughly 5% higher for the day while Treasury yields chalked up pretty decent gains as well. Here’s a quick rundown of the…
