Justin had the news from the People’s Bank of China here on Monday: PBOC governor will maintain yuan exchange rate at a reasonable, balanced level The PBOC governor Pan Gongsheng emphasized that the Bank will not let the yuan plummet without a fight: Will step up countercyclical adjustment Should resolutely guard against the risk of exchange rate overshoot Today…
WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session. OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price lower. Investors will focus on the US CPI inflation data, which is due later on Wednesday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around…
2024.11.12 2024.11.12 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 12.11.2024 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: The price is expected to rise to 92,717.00 amid the current bullish momentum. Consider long positions from the current level…
The U.K. labor market showed mixed signals in the quarter ending in September, with wage growth moderating but the unemployment rate rising more than expected. The Office for National Statistics (ONS) reported that regular pay growth (excluding bonuses) eased to 4.8% in the three months to September from 4.9% in August, while the unemployment rate climbed to 4.3% from…
The major US stock indices are all closing lower. No new records today. The final numbers are showing: Dow Industrial average -382.15 points or -0.86% at 43910.98 S&P -17.36 points or -0.29% and 5983.99. NASDAQ index -17.36 points or -0.09% at 19281.40. The small-cap was 2000 with a decline of -43.13 points or -1.77% at 2391.84. This article was…
Amid another strong performance, the US Dollar climbed to new six-month tops as investors maintained their optimism around the “Trump trade” ahead of the publication of key US data in the latter part of the week. Here is what you need to know on Wednesday, November 13: The US Dollar Index (DXY) rose past the 106.00 barrier to hit…
2024.11.12 2024.11.12 Short-term Analysis for Oil, Gold, and EURUSD for 12.11.2024 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 its short-term downtrend yesterday….
We’ve got a fresh batch of U.K. labor market figures comin’ right up! Can the numbers keep the Bank of England (BOE) on its neutral stance or will it tip the scales either dovish or hawkish? Here’s what you need to know about the upcoming jobs report. This Article Is For Premium Members Only Become a Premium…
Amazon is reporting that is AI business is growing at triple-digit percentages. This is according to the Business Insider. The shares of Amazon moved to a new all-time high on Thursday of last week at $212.25. Since then the price has rotated lower (working on its third day to the downside) with the shares currently trading above or below…
By contrast, Gold ETFs recorded net inflows for the sixth consecutive month in October, Commerzbank’s commodity analyst Carsten Fritsch notes. Gold ETFs see net inflows for the sixth consecutive month “According to the World Gold Council, these amounted to 43 tons. This means that almost 164 tons of Gold have flowed into ETFs since May. For the first time…
