With the holiday season in full swing and only a few days left until the end of 2024, it’s time for traders to close up shop. So, how exactly do you wrap up your trading year so that you’ll be ready to hit the ground running when the new year starts? Here are four simple steps: 1. Minimize your…
S&P 500 futures are down 0.4% with Nasdaq futures down 0.5% and Dow futures down 0.4% as well. Trading conditions are mired by thin liquidity as we are still in the holiday period for markets. Europe is out for the day and so will Canada, leaving only US markets to open later. But during a period like this, don’t…
NZD/USD hovers around the descending channel’s lower boundary, reflecting a growing bearish bias. The bearish sentiment is being reinforced as the RSI maintains its position below the 30 mark. The initial resistance appears around the nine-day EMA at the 0.5708 level. The NZD/USD pair remains tepid for the second successive day, trading around 0.5650 during the European hours on…
2024.12.26 2024.12.26 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.12.2024 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: The price continues to decline in correction (4). Consider short positions from the current level with Take Profit at 91,965.00….
This according to the NPC Standing Committee, as announced yesterday. For now, the agenda is said to encompass “reviewing the government work report, and examining the report on the implementation of the annual plan on national economic and social development for 2024 and the draft plan on national economic and social development for 2025”. Adding to that, there will…
GBP/JPY consolidates in a range on Tuesday amid mixed fundamental cues. The BoJ rate hike uncertainty undermines the JPY and supports spot prices. The BoE’s dovish stance keeps the GBP bulls on the defensive and caps gains. Intervention fears should further contribute to keeping a lid on the cross. The GBP/JPY cross struggles for a firm intraday direction and…
2024.12.26 2024.12.26 Trump’s Pledges to Define EURUSD’s Rate. Forecast as of 26.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Will the new US president have trouble delivering on his campaign pledges? If not, the EURUSD pair will fall below parity. If he does implement his policies, the outcomes have already been priced in the pair’s quotes. Meanwhile, a pullback is inevitable. Let’s discuss this topic…
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…
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data. Silver trades at $29.63 per troy ounce, broadly unchanged 0.07% from the $29.65 it cost on Monday. Silver prices have increased by 24.51% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 29.63 1 Gram 0.95 The Gold/Silver ratio, which shows the…
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically…
