Australian Dollar halts losing streak as US Dollar corrects downwards

The Australian Dollar received downward pressure due to recent weak economic data. RBA Governor Bullock stated that current interest rates will remain unchanged until the bank gains confidence in the inflation outlook. Fed Chair Powell noted that US economy performance has been “remarkably good,” providing flexibility to ease interest rates gradually. The Australian Dollar (AUD) hovers near three-month lows against…

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 14.11.2024

2024.11.14 2024.11.14 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.11.2024 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 93,588.11. XRPUSD: Subwave (1) continues forming as an…

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Daily Broad Market Recap – November 14, 2024

JPow shook the markets on Thursday when he hinted that the FOMC gang isn’t in any hurry to cut interest rates further. How did the major assets react to the possibility? We’re breaking down the biggest market movers in the last trading sessions! Headlines: RBA Gov. Bullock thinks the central bank is “restrictive enough” and will remain restrictive until…

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EUR/USD taps 1.05 for the first time in over a year

EUR/USD continues to decline as the Euro deflates. Fiber found a 57-week low as the Greenback continues to climb. US Retail Sales in the barrel for Friday will wrap up the economic calendar. EUR/USD briefly tested fresh year-long lows on Thursday, piercing the 1.0500 handle for the first time in 54 weeks. A lack of meaningful EU data is…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (14 November 2024)

2024.11.14 2024.11.14 Short-term Analysis for Oil, Gold, and EURUSD for 14.11.2024 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. The euro continues to decline. The article…

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Powell reiterates the Fed is in no rush to cut rates

Federal Reserve Chair Jerome Powell said on Thursday at an event in Dallas that with the economy growing steadily, a strong job market, and inflation still above the 2% target, there’s no need for the central bank to hurry into cutting interest rates. Instead, he emphasised that they can take their time and make thoughtful decisions. Key Takeaways Economy…

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US Dollar Advances as Fed Pause Unlikely. Forecast as of 14.11.2024

2024.11.14 2024.11.14 US Dollar Advances as Fed Pause Unlikely. Forecast as of 14.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The actual CPI data was in line with forecasts, prompting the futures market to reassess the trajectory of the fed funds rate. However, the central bank’s rhetoric can hardly be called dovish, which supports the US dollar. Let’s discuss these topics and make a…

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