2024.11.20 2024.11.20 Short-term Analysis for Oil, Gold, and EURUSD for 20.11.2024 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 reached the resistance (A) 69.84 – 69.54….

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Canada’s headline inflation rate bounced back in October, with the Consumer Price Index (CPI) rising to 2.0% year-over-year, up from September’s three-year low of 1.6%. Turned out, the return to the Bank of Canada’s (BOC) target rate was primarily driven by a smaller decline in gasoline prices. On a monthly basis, the headline CPI increased 0.4% in October, reversing…

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It is said that the two discussed the matter on the sidelines of the G20 summit, with Xi stating that China is ready to “consolidate” a strategic partnership with Germany. That before raising the matter of the tariffs imposed by the EU on Chinese-made EVs. Xinhua also reports that China is looking to “resolve the differences through dialogue and…

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ASX: SUN Elliott Wave technical analysis Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SCENTRE GROUP – SCG. We see ASX:SUN continuing to push higher with wave (iii)-orange of wave ((v))-navy. ASX: SUN one-day chart (semilog scale) analysis Function: Major trend (Minuette degree, purple). Mode: Motive. Structure: Impulse. Position: Wave (iii)-orange of Wave ((v))-navy. Details:…

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2024.11.19 2024.11.20 Economic Calendar for the Week 25.11.2024 – 01.12.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ US dollar buyers are celebrating a victory, as the US dollar index nearly touched 107.00 by the end of the week before last. At the same time, US stock indices also remain bullish on the expectation of positive changes in the US economy after Donald Trump’s assumption…

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It looks like USD/CHF is in correction mode on its uptrend, but will these support zones still be able to keep losses in check? Here’s what I’m seeing on the 4-hour chart. USD/CHF 4-hour Forex Chart by TradingView This dollar pair has been forming higher lows connected by an ascending trend line that’s been holding since October, and it…

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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WTI price steadies near $69.30 in Wednesday’s early Asian session.  Russia’s defence ministry said Ukraine used US ATACMS missiles to strike Russian territory.  Weaker Chinese demand could weigh on the WTI price. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.30 on Wednesday. The WTI price trades flat after Ukraine used US ATACMS missiles to strike…

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2024.11.19 2024.11.19 China Shifts Away from US Treasuries. Forecast as of 19.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The speculation that China is selling US Treasuries and Europe is increasing exports to the US in anticipation of trade wars has prompted EURUSD bears to lock in profits. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Major…

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