2024.08.16 2024.08.16 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 16.08.2024 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 may continue to correct to the high of 62783.93. Consider long trades at the current level with a take-profit at 62783.93. XRPUSD: the…

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We started the week at 2.9% and finish at 2.0%. I would be worried about that if we were anywhere close to Q3 GDP numbers but the prelim estimate is still months away and vol early in the cycle is normal. “After this morning’s housing starts report from the US Census Bureau, the nowcast of third-quarter real gross private…

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AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. The AUD/USD pair experienced an increase of 0.40% during Friday’s session, settling near 0.6950. Mixed sentiment data from the United States combined with the words of Reserve Bank of Australia’s (RBA) Governor Michele Bullock…

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2024.08.16 2024.08.16 US Dollar Edges Higher on Robust Data. Forecast as of 16.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The release of robust retail sales and labor market data, coupled with an upbeat Walmart report, allayed concerns about a potential recession in the US, prompting a sell-off in the EURUSD pair. However, the bearish sentiment was subdued. What is the precise reason for…

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Mt. Gox fund liquidation weighed heavily on bitcoin yesterday in what was an otherwise-strong environment for risk assets. It’s been a tricky run for bitcoin as it disconnects from the tight correlation to the Nasdaq. I think that connection is ultimately restored and it climbs back into the $64,000 range but I also think the market is partly trading…

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2024.08.16 2024.08.16 USDСAD: 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: consider short positions from corrections below the level of 1.3950 with a bearish target of 1.3465 – 1.3192. A sell signal: after the price returns below 1.3950. Stop Loss: above 1.3980, Take Profit:…

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We’ve been spared from summer doldrums in financial markets this year but early next week could be something of a dud, particularly until Jackson Hole begins. Monday kicks off with Fed’s Waller speaking at 09:15 am ET but that will be all for the day. Tuesday features speeches from the Fed’s Bostic and Barr but is otherwise bare. Wednesday…

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Consumer confidence in the US improved slightly in early August. UoM survey showed one-year inflation expectation held steady at 2.9%. Consumer confidence in the US improved slightly in early August, with the University of Michigan’s Consumer Sentiment Index edging higher to 67.8 from 66.4 in July. This reading came in above the market expectation of 66.9. The Current Conditions Index declined…

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2024.08.16 2024.08.16 USDCHF: Elliott wave analysis and 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 0.9047 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.9047. Stop Loss: above 0.9080, Take…

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