The loss of impetus in the risk-associated universe allowed the US Dollar to rebound from Wednesday’s 2024 peaks on Thursday, helped by the equally decent bounce in US yields, all prior to the speech by Fed’s Powell at Jackson Hole. Here is what you need to know on Friday, August 23: After bottoming out in the sub-101.00 region on…
2024.08.22 2024.08.22 Pound Continues to Flex Muscles. Forecast as of 22.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ A robust economy is indicative of a stable currency. The British pound once again demonstrates its resilience and strength, holding a leading position in the G10 currency market. However, the GBPUSD pair has other advantages to offer. Let’s discuss this issue and make a trading plan. The…
The minutes of the FOMC meeting held in July 30-31 indicated that a “vast majority” of members believed “it would likely be appropriate to ease policy at the next meeting.” Although policymakers agreed to keep interest rates unchanged back then, the minutes also revealed that some officials were inclined to start cutting in July rather than waiting for September….
Nasdaq daily Anxiety around Powell’s speech tomorrow has crept into equity markets, particularly in light of the comments from the Fed’s Schmid earlier today. He indicated that the Fed had time to evaluate before cutting rates and that was seen as a hawkish view. But I just watched the full interview and it’s not has hawkish as the headlines…
Silver price slumps to near $29.40, weighed down by higher yields. Better-than-projected flash US PMI for August uplift bond yields and the US Dollar. Going forward, investors will focus on the Fed Powell’s speech at the JH Symposium. Silver price (XAG/USD) falls sharply to near $29.40 in Thursday’s North American session. The white metal weakens as the US Dollar…
2024.08.22 2024.08.22 Intel Stock Forecast & Predictions Prediction for 2024, 2025-2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Intel Corporation’s share price has declined by over 60% since the beginning of 2024, reaching an unprecedented low of $19.29 per share, representing a loss of over $29 per share. At present, the asset’s quotes are continuing to decline, with a current value of…
The OG crypto’s upswing may be running out of steam around key technical resistance levels! Think BTC/USD is due for a bearish turn? We’re taking our cues from the daily chart: Bitcoin (BTC/USD) Daily Chart by TradingView August has been a pretty good month for bitcoin so far, as BTC/USD jumped from the $50,000 mark to trade closer to…
Medium-term outlook had not changed overall relative to June meeting Short-term outlook has become somewhat more “stagflationary” But weaker activity is likely to dampen inflation over time Economic balance remains lopsided, mostly still driven by services activity Labour market remains tight This article was written by Justin Low at www.forexlive.com.
The Pound Sterling extends its winning spell against the US Dollar after strong UK flash PMI for August UK Composite PMI expanded at a robust pace to 53.4. The major event this week will be Powell and Bailey’s speeches at Jackson Hole. The Pound Sterling (GBP) jumps to near 1.3130 against the US Dollar (USD) in Thursday’s London session. The GBP/USD pair extends its winning…
2024.08.22 2024.08.22 Short-term Analysis for Oil, Gold, and EURUSD for 22.08.2024 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…
