NZD/JPY fell 0.27% on Friday, trading near the 90.30 level. Pair tallied a 3-day losing streak and seems to be scaping the 90.00-92.00 range to the downside. RSI and MACD bearish, signaling potential further losses toward 90.00. The NZD/JPY pair has been on a downward trajectory for the past three days, shedding 0.27% on Friday’s session to close near…
Preliminary 73.0 Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5 Expectations and 76.9 versus 78.5 preliminary. Prior month 74.1 Current conditions 63.9 versus 64.4 preliminary. Prior month 64.9 1-year inflation 2.6% versus 2.6% preliminary 5-year inflation 3.2% versus 3.1% preliminary. Prior month 3.0% The data was weaker than the preliminary but up from the prior month….
Aussie dropped 0.27% to 0.6495 in Friday’s trading. Mixed Judo Bank PMI data impacted the AUD, with strong manufacturing but weak service sector activity. S&P PMI data from the US came in strong. The AUD/USD declined just below 0.6500 as the market is focused on the US Dollar’s strength. The US Dollar Index (DXY) index hit a two-year high…
The fight for US Treasury Secretary is thought to be coming to a conclusion with Kevin Warsh and Scott Bessent the betting favorite on Polymarket. However, Fox’s Gasparino has tweeted that Marc Rowan made a strong pitch for the post to Pres. Trump. Needless to say, the President would want to have someone who would promote his policies of…
Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic data shows mixed signals; Services and Composite PMIs outperform while Manufacturing PMI remains in contraction. Gold price rallies to a new two-week high on…
2024.11.22 2024.11.22 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 22.11.2024 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 100,000.00. XRPUSD: The price is expected to…
The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This level, which also held yesterday and prompted a bounce, remains a key technical support. Staying above this moving average maintains a bullish bias, while a break below shifts the focus…
GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500 The Pound Sterling extends its losses against the Greenback for the third straight day, is down 0.47% after UK Flash PMIs and Retail Sales data disappointed investors. This and heightened geopolitical tensions due to Russia-Ukraine and Middle East conflicts, bolstered the American currency. At the time of writing, the GBP/USD trades at…
2024.11.22 2024.11.22 Short-term Analysis for Oil, Gold, and EURUSD for 22.11.2024 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 continued to trade in a…
The EUR/USD pair continued its downward trend today, extending a week-long selloff as bearish momentum carried the price through key technical levels. Weak European flash PMI data and concerns from ECB officials over growth and inflation pressured the euro, while stronger-than-expected US PMI data (offset slightly by weaker University of Michigan data) provided support for the dollar. The pair…
