The US Dollar falls as investors seemed confident about the Fed reducing interest rates in September. Robust US Retail Sales growth and lower weekly Jobless Claims diminish the risks of a hard landing. Traders pare bets favoring a 50 basis point interest-rate cut by the Fed. The US Dollar (USD) slips in Friday’s early North American session after recovering from a 10-day low…
2024.08.16 2024.08.16 WTI Crude Oil: Elliott wave analysis and forecast for 16.08.24 – 23.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 83.93 with a bearish target of 67.10 – 53.60. A sell signal: after the price returns below 83.93. Stop Loss:…
Missed the upside break on EUR/GBP’s daily trend line? I’m seeing an ongoing pullback to this potential support zone, which lines up with the Fibonacci retracement levels. Are euro bulls about to charge soon? EUR/GBP Daily Forex Chart by TradingView As you can see on the pair’s daily time frame above, price has formed lower highs connected by a…
Few assets have had as wild of a journey over the past decade as Bitcoin, with the leading crypto poised to make further waves in 2024. Despite all its ups and downs, Bitcoin still reigns supreme with the largest cap of any crypto and unquestionable dominance amongst retail traders and adoption. With this in mind, it comes as no…
Gold has corrected back from chart resistance in the $2,470s after the release of strong US retail sales data. Lower US initial jobless claims brought more positive news about the US economy, helping to dispel recession fears. The precious metal is probably unfolding a leg down within a sideways trend. Gold (XAU/USD) swings between mild gains and losses in…
2024.08.16 2024.08.16 Short-term Analysis for Oil, Gold, and EURUSD for 16.08.2024 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. Gold continues to trade in a short-term…
Precious metals have been tossing and turning while the market mood keeps shifting these days. What’s next for silver as it gears up to test this former support zone? Silver (XAG/USD) Daily Chart by TradingView Risk-off flows from early last week kept silver below the support zone at $30.000, potentially turning this area into a resistance level next. The…
The dollar is slightly lower on the day, giving back some of the gains from yesterday. The more solid US retail sales data helped to give the greenback a lift, alongside risk trades. It’s a repeat lesson to the old saying: Never underestimate the power of US the consumer Looking to the session ahead, we’ll be turning our attention…
The Australian Dollar gains ground due to hawkish sentiment surrounding the RBA. RBA Governor Michele Bullock does not anticipate rate cuts in the near term. The US Dollar depreciates as traders fully price in a 25 basis point rate cut by the Fed in September. The Australian Dollar (AUD) extends its gains for the second consecutive day against the…
2024.08.12 2024.08.12 Ethereum Price Predictions: 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Cryptocurrencies are volatile by nature and, thus, are difficult to predict. Nonetheless, cryptocurrency experts have tried their best to forecast the price of Ethereum in 2024 and beyond. The ETH’s price prediction is a controversial topic, but the price of ETH is expected to perform well on the…
