2024.11.29 2024.11.29 Peso Is Not Afraid of U.S. Tariffs. Forecast as of 29.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Mexico has hinted that it is not afraid of a trade war with the U.S. However, its economy would suffer significantly from the 25% import tariffs imposed by the U.S. Let’s discuss it and make a trading plan for USDMXN. The article covers the…
The hours of November trading are ticking down but jingle bells are ringing in the distance. That means that December trading is on the way and it’s the most wonderful time of the year for bulls. Risk assets tend to do well in December but for stocks, the period late in the month (after Christmas) tends to be strongest….
GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside The Pound Sterling (GBP)…
2024.11.29 2024.11.29 USDJPY: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 156.75 with a target of 138.08 – 131.25. A sell signal: the price holds below 156.75. Stop Loss: above 157.10, Take Profit: 138.08 – 131.25. Alternative…
Canada GDP q/q The headline from today’s Canadian GDP report is that growth declined on a per-capita basis for the sixth consecutive quarter. In addition, monthly GDP data showed just 0.1% m/m growth in September and October. CIBC writes: “While growth in the Canadian economy slowed to a crawl in Q3, that was broadly anticipated and was mainly driven…
The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for a daily and weekly…
2024.11.29 2024.11.29 WTI Crude Oil: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 72.50 with a target of 61.50 – 53.60. A sell signal: the price holds below 72.50. Stop Loss: above 73.00, Take Profit: 61.50 –…
If you’re a fan of self-improvement books like I am, then I’m sure you’ve heard of the book “Atomic Habits” by James Clear. In case you haven’t or if you’re not sure how it all applies to trading, I’ve rounded up some helpful nuggets that you can put into practice. You see, the book is a practical guide on…
US 10y yields There is a healthy debate about what’s causing the drop in Treasury yields this week. Some argue it’s month end flows and rebalancing, while others argue that it’s due to Trump’s pick of Scott Bessent as Treasury Secretary and hints that Kevin Warsh will be Fed chair. I’m sympathetic to the latter and worries about the…
USD/CAD bounces back from 1.3980 after the Canadian GDP data release, which was broadly weaker than expected. The Canadian economy grew by 0.1% in September, slower than estimates of 0.3%. A slight rebound in the US Dollar has also prompted the Loonie pair’s recovery. The USD/CAD pair rebounds after posting a fresh three-day low near 1.3980 in Friday’s North…
