The major US stock indices are opening sharply higher. at 15 minutes after the open, the major indices are showing: Dow Industrial Average average is up 307 points or 0.79% at 39302 S&P index is up 75 points or 1.42% at 5315. NASDAQ index is up 309 points or 1.89% at 16666 The small-cap Russell 2000 is up 28…
Tuesday’s trading session was mixed; stock prices bounced, but they closed well below the daily highs.
2024.08.07 2024.08.07 RBA Saves Aussie from Nosediving. Forecast as of 07.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Markets managed to recover from severe turbulence. Yesterday’s winners have become losers and vice versa. Notably, the RBA’s intention to maintain the rate at 4.35% for at least six months supported the AUDUSD pair’s upward movement. Let’s discuss this topic and make a trading plan. The…
NZD/JPY recovered sharply this week after days of heavy losses! How high can NZD/JPY fly before FX bears show up again? We’re zooming out to the daily time frame for the major inflection points to watch out for! NZD/JPY Daily Forex Chart by TradingView Thanks to improved risk sentiment and a bit of profit-taking, risk currencies like the New Zealand…
The broader market sentiment is continuing to recover, with the optimism from yesterday holding up for now. S&P 500 futures are up 1.1% while Nasdaq futures are up 1.4% currently. In the bond market, 10-year yields in the US are up 5 bps to 3.937% at the moment. And in FX, USD/JPY is back up to 147.30-40 levels after…
The Euro (EUR) is expected to consolidate between 1.0895 and 1.0960. EUR is still positive, but it has to surpass 1.1010 before further advance to 1.1070 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes. EUR to continue growing above 1.1010 24-HOUR VIEW: “Yesterday, we indicated ‘provided that EUR remains above 1.0910, it…
2024.08.07 2024.08.07 Short-term Analysis for Oil, Gold, and EURUSD for 07.08.2024 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. Oil continues to trade in a short-term…
Are gold bulls struggling to sustain the precious metal’s climb these days? Here’s a classic reversal pattern I’m watching on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TradingView Gold made a couple of failed attempts to bust through its July highs around the $2,475 area, falling back to the area of interest near $2,375 to form a…
The market is in a calmer mood once again today, looking to keep a steadier tone overall. Traders are taking a breather from the Monday rout although the air of optimism did get a bit thin for a while yesterday. But Wall Street finished stronger, despite some selling late into the close. And that’s providing some base for today:…
EUR/USD trades in negative territory for the second consecutive day around 1.0915 in Wednesday’s Asian session. Traders expect a deeper Fed rate cut in September this year. The disappointing Eurozone June Retail Sales report exerts some selling pressure on the Euro. The EUR/USD pair trades on a softer note near 1.0915 after retracing from seven-month highs of nearly 1.1008…
