The European major indices are closing higher on the day. That runs counter to the moves seen in the US stock indices which are down sharply as money rebalances out of US and into Europe (at least today). The final numbers are showing: German DAX, +0.68% France’s CAC, +1.0% UK’s FTSE 100, +0.16% Spain’s Ibex, +0.5% Italy’s FTSE MIB…
United States Goods Trade Balance below forecasts ($-100.9B) in November: Actual ($-102.9B)
2024.12.27 2024.12.27 Silver Will Take Revenge. Forecast as of 27.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Silver has outrun gold for a long time in 2024, but the Trump trade hit XAG/USD harder than XAU/USD, leading to silver’s final defeat. Will anything change next year? Let’s discuss it and make a trading plan. The article covers the following subjects: Major Takeaways The Trump trade…
CFD broker Investizo has announced an improvement in trading conditions: now the company’s clients can trade cryptocurrencies with 1:200 leverage. This is one of the first offerings of its kind in the industry. The updated leverage is available for more than 30 popular cryptocurrency pairs such as BTCUSDT, ETHUSDT, LTCUSDT, XRPUSDT and others. This offering aims to empower traders….
AUD/USD consolidates around 0.6200 amid thin trading volume following the Christmas and Boxing Day holidays. The RBA becomes confident over inflation easing in line with their expectations. The Fed turns cautious in interest rate cuts as progress in inflation towards the central bank’s target of 2% has stalled. The AUD/USD pair trades in a very tight range near the…
2024.12.27 2024.12.27 GBP/USD: Elliott Wave Analysis and Forecast for 27.12.24 – 03.01.25 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 1.2664 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.2664. Stop Loss: above 1.2690, Take Profit: 1.2240 – 1.1900. Alternative…
WTI crude oil settled 98-cents higher today to $70.43. Oil traded up to $88 early last year but has been treading water near $70 for months. The opening level of the year was $71.65 so it’s on track for a small decline this year. Today’s EIA US oil inventory data: Crude -4237K vs -1867K expected Gasoline +1630K vs -1080K…
NZD/USD gains to near 0.5630 as the US Dollar ticks lower in a thin trading volume day. The Fed is expected to cut interest rates two times next year. Investors expect that the RBNZ will cut interest rates by 50 bps in February. The NZD/USD pair moves higher to near 0.5630 in Friday’s North American session. The Kiwi pair…
2024.12.27 2024.12.27 USD/JPY: Elliott Wave Analysis and Forecast for 27.12.24 – 03.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 161.75 with a target of 138.00 – 131.40. A sell signal: if the price holds below 161.75. Stop Loss: above 162.10, Take Profit: 138.00…
Treasury Secretary Janet Yellen fired off a warning shot to Congress today, flagging a critical debt ceiling timeline that could rattle markets in early 2025. Debt ceiling reinstates Jan 2 Default risk window: Jan 14-23 Treasury to deploy ‘extraordinary measures’ if needed The timing adds another layer of complexity to an already heated political environment following the presidential inauguration….
