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…
The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar gains ground as Treasury yields attempt to retrace recent losses. The Japanese Yen (JPY) declines against the US Dollar (USD) on Tuesday. However,…
I’m seeing a simple retracement opportunity on the short-term chart of AUD/CAD ahead of Canada’s CPI release. Is the trend still our friend on this one? Expectations are for the July inflation figures to stay mostly unchanged on a year-over-year basis, possibly convincing folks over at the Bank of Canada (BOC) to remain dovish. This Article…
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…
The New Zealand Dollar gains momentum in Tuesday’s Asian session. The positive risk sentiment weighs on the US Dollar and lifts NZD/USD. Investors await the PBoC rate decision ahead of Fedspeak on Tuesday. The New Zealand Dollar (NZD) trades in positive territory for the third consecutive day on Tuesday. The risk-on sentiment in global markets and easing geopolitical risks in…
2024.08.19 2024.08.19 US Dollar Surges amid US Stocks Rally. Forecast as of 19.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US dollar is facing significant challenges as a safe-haven currency against the recent surge in US stocks. This shift reflects a transition in market sentiment from fear to greed. Let’s discuss this topic and develop a trading plan for the EURUSD pair. The…
The U.S. dollar’s taking a nosedive, causing the EUR/USD to ride high. The dollar weakness has been fueled by dovish comments from Federal Reserve officials, particularly regarding a gradual approach to reducing interest rates. This sentiment is supported by recent U.S. economic data (which was covered in our weekly recap) that suggests inflation is easing, though concerns about economic…
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…
The Dow Jones Industrial Average rose over 150 points in Monday bid. Equities continue to recover ground as market sentiment climbs. Previous recession fears have eased following upbeat US data. The Dow Jones Industrial Average (DJIA) climbed over 200 points on Monday after US market indexes broadly gained ground. Investors have rediscovered their risk appetite after a recent broad-based plunge…
2024.08.19 2024.08.19 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.08.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: the pair is expected to continue declining in correction (2) toward 54291.00. Consider short trades at the current level with…
