The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking…
The Australian Dollar (AUD) is expected to trade between 0.6485 and 0.6535. In the longer run, current price action is part of a rebound that could reach 0.6560, possibly 0.6600, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Current price action is part of a rebound 24-HOUR VIEW: “We expected AUD to ‘rise further to…
2024.11.21 2024.11.21 Markets Reassess Trump Trade. Forecast as of 21.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As a rule, markets tend to exaggerate everything, mixing their expectations and reality. However, investors are gradually realizing that Donald Trump’s policy is not so frightening. Let’s discuss this topic and make a trading plan for the EURUSD pair. The article covers the following subjects: Major Takeaways…
WTI crude oil is consolidating inside a descending triangle pattern on its 4-hour chart, and price is currently testing resistance. Is it about to bust higher from here? Or will we see another dip to the triangle support? Take a look at these inflection points! WTI Crude Oil (USOIL) 4-hour Chart by TradingView After its rallies earlier this week,…
Labour market is now in balance, not providing upward pressure on inflation Wants to see inflation coming down to 2% and staying around that level amid solid labour market Don’t see any signs of a recession in the data It is pretty clear that monetary policy is restrictive today That is why it is “very appropriate” to cut rates…
ASX: S32 Elliott Wave technical analysis Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) SOUTH32 LIMITED – S32. We see ASX:S32 likely to have a pullback in the near future with wave 2-grey, before wave 3-grey pushes much higher. ASX: S32 one-day chart (semilog scale) analysis Function: Major trend (Minor degree, gray). Mode: Motive. Structure: Impulse. Position:…
2024.11.19 2024.11.19 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.11.2024 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 96,000.00. XRPUSD: The price is expected to…
We’re seeing the first readings of Euro Area business conditions in November! What trends should you watch out for and how does the euro usually react to the results? We’re breaking down the points you need to know: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience…
BOJ Governor Kazuo Ueda due to speak at the Paris EUROPLACE Tokyo International Financial Forum, in Tokyo. I haven’t been able to dig up anything on this. Ueda spoke earlier this week: Bank of Japan Governor Ueda says economy recovering moderately, some weak signs USD/JPY volatile on Bank of Japan Governor Ueda speech Bank Japan Gov Ueda – Driver…
The Australian Dollar rises as the RBA intends to maintain a restrictive monetary policy. The RBA Meeting Minutes indicated that the board remains vigilant about the potential for further inflation. The US Dollar may appreciate due to cautious remarks from Fed officials. The Australian Dollar (AUD) retraces its recent losses on Thursday, buoyed by a hawkish outlook from the…
