President-elect Donald Trump is expected to unveil a range of executive directives designed to jumpstart fiscal measures, tariffs and stimulus actions. Robust housing figures, including rising permits and starts, suggest that the United States economy remains on solid footing into the new year. Markets assess fresh Fed officials’ clues. The US Dollar consolidates further at current levels on Friday,…
Total rig count down -4 to 580 Oil rig count -2 to 478 Gas rig count -2 to 98 This article was written by Greg Michalowski at www.forexlive.com.
AUD/USD dips 0.20% to around 0.6200 on Friday. Upbeat Chinese GDP fails to offset RBA’s dovish signals. Trump’s impending tariff plans fuel cautious market sentiment. AUD/USD returns to negative territory near 0.6200 on Friday, failing to preserve the momentum sparked by China’s stronger-than-expected economic indicators. Persistent expectations of lower Australian rates and apprehension over possible US import levies weigh…
The USDJPY last week, moved up to test a key target on the daily chart near 158.88. Sellers leaned and pushed the price off those levels into the close a week ago today. This week, the price of the USDJPY has stepped lower after peaking on Tuesday near the high of a swing area at 158.10. The pair moved…
Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and appreciates against the Greenback…
The EURUSD bottomed this week on Monday after falling below the 61.8% of the move up from the 2022 low to the 2023 high at 1.0200. That break could not be sustained. The seller had their shot. They missed. The subsequent move higher saw the pair peak near the 38.2% of the move down from the December high to…
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the week with gains of…
2025.01.17 2025.01.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.01.2025 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. Ripple’s price has grown more than expected and will likely rise even higher. The article covers the following subjects: Major Takeaways BTCUSD: Bullish momentum continues. Consider long positions from…
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…
Did S&P 500 decline to my support level of low 5,970s given to clients? It took time following a bit underwhelming retail sales and unemployment claims, yet hot manufacturing data, but it did.
