Gold prices advance for the fourth day, surpassing the 50-day SMA of $2,660 amid global unrest. Market reacts to reports of a potential ICBM launch by Russia. US economic data hints at a strong jobs market. Investors adjust expectations for the Fed’s December meeting with a decreased likelihood of a rate cut to 56%. Gold price extended its gains…
more to come The Bank of Japan next meet on December 18-19. Today’s CPI data from Japan is the final national reading ahead of that meeting. Bank of Japan Governor Ueda spoke yesterday, he didn’t give too much away on the ‘hike or no hike’ question at that meetings: The Tokyo inflation data for October showed headline and core…
US Dollar Index retreats to 106.50 and continues hitting a barrier near 107.00. Dollar weakens on Fed’s Williams hinting at inflation cooling and rate reduction. Fed officials remain cautious amid persistent inflation concerns and uncertainty about future rate decisions. Mid-tier data from the US came in mixed on Thursday. In Thursday’s session, the US Dollar Index (DXY) flattens after…
2024.11.21 2024.11.21 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 21.11.2024 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 three cryptocurrencies continue following the scenarios we have previously identified. Growth is expected to continue. The article covers the following subjects: Major Takeaways BTCUSD: Bullish momentum continues. Consider…
Earlier today, I posted: USDCHF: The USDCHF held resistance at the 100-hour moving average yesterday (blue line on the chart below), and held support against its 200 hour moving average. Today in the early Asian hours, the price broke below the 200-hour moving average and continued down toward the next target at the 200-day moving average at 0.88199. Support…
United States 4-Week Bill Auction: 4.53% vs 4.51%
2024.11.21 2024.11.21 Short-term Analysis for Oil, Gold, and EURUSD for 21.11.2024 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. Yesterday, oil tested the resistance (A) 69.84…
Prior month -0.3% revised from -0.5% Leading index -0.4% vs -0.3% estimate. One day the leading index will foreshadow a recession or negative growth. This article was written by Greg Michalowski at www.forexlive.com.
Initial Jobless Claims bettered consensus and climbed to 213K. Continuing Jobless Claims rose to 1.908M in the week ending November 8. US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 15, as reported by the US Department of Labor (DoL) on Thursday. This print came in above initial estimates (220K) and was…
2024.11.21 2024.11.21 Pound Sinks After Disappointing UK Data. Forecast as of 21.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Bank of England’s slower pace of rate cuts compared to the Federal Reserve gives the pound an advantage over the US dollar. However, the GBPUSD pair is falling significantly. What factors are influencing this movement? Let’s discuss this topic and make a trading plan….
