NZD/USD pair traded volatile during Friday’s session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA before erasing all the gains towards 0.5850. The RSI signaled that buying pressure recovered as it neared the oversold area with a rise in slope. The NZD/USD saw a volatile session on Friday, initially…
2024.11.15 2024.11.15 Symmetrical Triangle Pattern – What is it & How Does it Work? Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ A “Symmetrical triangle” is a notable technical analysis pattern that helps traders make more informed decisions. The pattern arises when trend lines converge, indicating an equilibrium between buyers and sellers. The price fluctuates within a range, reflecting a temporary uncertainty in the market….
Credit Agricole argues that despite similarities, 2025 will not be a redux of the USD’s 2018 rally driven by Trump-era policies. Differences in economic conditions, monetary policy, and the USD’s current strength suggest that the dynamics underpinning the dollar’s movement will differ significantly from 2018. Key Points: Divergent Economic and Monetary Conditions: In 2018, strong US growth and rising…
Key points Buffett’s Q3 portfolio moves continue to reflect a cautious stance: The latest 13F filing by Warren Buffett’s Berkshire Hathaway indicates a significant sell-off in some of the conglomerate’s largest holdings. Reducing major stakes in Apple and Bank of America: Buffett has scaled back Berkshire’s positions in key stocks, including a 25% reduction in Apple and a 23%…
2024.11.15 2024.11.15 AT&T Stock Forecast: Will Shares Ever Recover? Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ AT&T demonstrates a boost in 5G and fiber subscriptions, adding 403,000 mobile customers and 226,000 fiber optic subscribers in the third quarter of 2024. The company’s revenue has climbed to $30.2 billion, with earnings per share hitting $0.60, exceeding analysts’ expectations. However, high debt load and strong competition…
Everything is always on the policy table Asked about a Dec cut, said he doesn’t like to tie his hands before data We are going to be looking at rate cuts along the lines of the Sept Fed projections Recent inflation has been higher than target, if that’s extended then it’s too high Not a lot has changed in…
EUR/JPY sank on Friday to near 163.10 after a 0.72% decline on the day. Pair’s price action plunged to 163.00 after facing rejection at the 164.00 SMA. The MACD and RSI technical indicators signaled increasing selling pressure, contributing to the pair’s downtrend. The EUR/JPY currency pair witnessed a significant decline on Friday, losing 0.72% to reach a low of 163.10….
2024.11.15 2024.11.15 USDСAD: Elliott Wave Analysis and Forecast for 15.11.24 – 22.11.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3815 with a target of 1.4150 – 1.4300. A buy signal: the price holds above 1.3815. Stop Loss: below 1.3780, Take Profit: 1.4150 – 1.4300. Alternative…
US equities are making new lows but bonds have turned around. Ten-year Treasury yields touched the highest since May earlier today at 4.50% but have since turned around and are now down 1.6 bps on the day to 4.40%. US 10s, hourly That’s a solid rejection but the next hurdle is yesterday’s low. A drop below that would end…
Federal Reserve (Fed) Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December. Key highlights There’s no preset path for monetary policy. The economy is in a very good place right now. I…
