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….

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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…

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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…

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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…

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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…

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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…

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Bitcoin daily Yesterday’s bitcoin slump foreshadowed trouble in the broader risk trade and that catalyzed late in the day with a drop in US equities. Today it’s the opposite. Bitcoin rallied early and has stayed strong with equities now catching up. Bitcoin is up $3570 to $58,795, or 6.7%. It’s still a long way back to the recent highs…

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Initial Jobless Claims rose by 233K vs. the previous week. Continuing Jobless Claims rose to 1.875M. US citizens that applied for unemployment insurance benefits increased by 233K in the week ending August 3 according to the US Department of Labor (DoL) on Thursday. The prints came in below initial consensus (240K) and were lower than the previous weekly gain…

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2024.08.08 2024.08.08 Pound Losing Ground amid Market Woes. Forecast as of 08.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The yen has demonstrated an outstanding performance, while the pound sterling has experienced a contrasting trajectory. Yesterday’s market leader is currently facing challenges amid market turmoil and concerns about the Labour Party pledges. Let’s discuss this topic and make a trading plan for the GBPUSD…

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Risk-off vibes returned to the financial markets midweek, yet crude oil still managed to rake in decent gains. What’s up with that and how did the rest of the asset classes perform? Here’s a quick rundown of the headlines and economic updates that affected the markets: Headlines: Chinese trade surplus in July: $84.7 billion ($97.5 billion expected, $99.1 billion…

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