Analyst news

• 10-year Treasury yield ends at 5-week low after February jobs report shows higher unemployment rate

  08-03-2024 22:11
  U.S. Treasury yields ended lower on Friday, but bounced off of their session lows, after February’s jobs report showed that the unemployment rate ticked upward to a 25-month high, even though the economy created more jobs than expected last month.
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  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. Treasury yields ended lower on Friday, but bounced off of their session lows, after February’s jobs report s
  
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• Bitcoin bulls eye $100,000 as the next level before its halving. Here’s what’s driving the crypto’s rally.

  08-03-2024 21:40
  Some crypto bulls are now eyeing $100,000 as bitcoin’s next level, after the leading cryptocurrency on Friday briefly topped $70,000 for the first time in its history.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSome crypto bulls are now eyeing $100,000 as bitcoin’s next level, after the leading cryptocurrency on Friday briefly topped $70,000 for the first time in its history.nnDiscussion:nn” ai_
  
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• Here’s why gold, bitcoin and stocks are all hitting new highs

  08-03-2024 21:34
  It may be surprising to see safe-haven gold score record highs at generally the same time as riskier assets such as bitcoin, U.S. stock indexes, and other global stock benchmarks. Here’s what’s going on.
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  [mwai_chat context=”Let’s have a discussion about this article:nnIt may be surprising to see safe-haven gold score record highs at generally the same time as riskier assets such as bitcoin, U.S. stock indexes, and other gl
  
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• SoFi’s stock had a historic drop earlier this week. What if it was misguided?

  08-03-2024 20:58
  SoFi’s bid to raise capital sparked a record one-day selloff in its shares earlier this week. One analyst thinks Wall Street may have misunderstood the impact of that financial move.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSoFi’s bid to raise capital sparked a record one-day selloff in its shares earlier this week. One analyst thinks Wall Street may have misunderstood the impact of that financial m
  
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• Why Reddit is ‘walking a tightrope’ with its IPO

  08-03-2024 20:39
  The social-media platform could find itself at odds with its loyal user base as it strives for profitability, said Jon Keidan, founder and managing partner of venture fund Torch Capital.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe social-media platform could find itself at odds with its loyal user base as it strives for profitability, said Jon Keidan, founder and managing partner of venture fund Torch Capital.
  
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• Viking Therapeutics faces higher bar for oral weight-loss drug after strong readout from rival

  08-03-2024 19:59
  Viking Therapeutics Inc.’s stock fell 5.6% Friday, in a pullback from recent highs, after strong data from Novo Nordisk on an oral version of its weight-loss drug raised the competitive bar for Viking, which is expected to release data from its oral-drug trial late this quarter.
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  [mwai_chat context=”Let’s have a discussion about this article:nnViking Therapeutics Inc.’s stock fell 5.6% Friday, in a pullback from recent high
  
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• Even in fields where women dominate, men outearn them. Here’s why — and what could help.

  08-03-2024 17:57
  Women in the U.S. continued to earn less than their male counterparts in 2023, and not simply because they disproportionately work in lower-paying professions, They earned less than men in every occupation, including those dominated by women.
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  [mwai_chat context=”Let’s have a discussion about this article:nnWomen in the U.S. continued to earn less than their male counterparts in 2023, and not simply because they disproportionately work
  
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• Eli Lilly’s stock dips as Alzheimer’s drug delayed by surprise FDA panel meeting

  08-03-2024 17:38
  The FDA is seeking to further understand topics related to evaluating the safety and efficacy of the drug, including results in patients who have taken it and the efficacy implications of the trial design.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe FDA is seeking to further understand topics related to evaluating the safety and efficacy of the drug, including results in patients who have taken it and the effi
  
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• Bullard says February job report increases chance of Fed cutting interest rates sooner

  08-03-2024 17:31
  A former top Federal Reserve official said Friday that the U.S. February job report increased the likelihood that the central bank would make its first interest rate cut soon.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA former top Federal Reserve official said Friday that the U.S. February job report increased the likelihood that the central bank would make its first interest rate cut soon.nnDiscussion:nn”
  
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• Rats, bedbugs and freezing cold: A senior’s nightmare under a guardian’s ‘care’

  08-03-2024 17:07
  A shocking exposé by the public-interest media group ProPublica reveals just what can happen to you in America if you get old and you don’t have the right system and paperwork in place to protect yourself.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA shocking exposé by the public-interest media group ProPublica reveals just what can happen to you in America if you get old and you don’t h
  
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• Silver Price Forecast and Predictions: 2024 and Beyond

  08-03-2024 15:30 via litefinance.org
  
  Silver, often hailed as both a precious and industrial metal, holds a unique place in the global market due to its extensive utility and historical value. As an asset, it not only appeals to investors for its potential to hedge against inflation but also plays a critical role in various industrial applications, from electronics to renewable energy solutions, due to its unparalleled thermal and electrical conductivity. In this article, we delve into the factors that could shape the silver pr
  
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• Treasury yields fall after February jobs report shows unemployment rate ticks higher

  08-03-2024 14:59
  U.S. Treasury yields were falling on Friday morning after February jobs report showed the economy created a bigger-than-expected 275,000 new jobs last month, but the unemployment rate rose to a 25-month high of 3.9%..
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  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. Treasury yields were falling on Friday morning after February jobs report showed the economy created a bigger-than-expected 275,000 new jobs last mont
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 08.03.24 – 15.03.24

  08-03-2024 12:10 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 75.78 with a target of 84.65 – 88.55.Alternative scenario: breakout and consolidation below the level of 75.78 will allow the asset to continue declining to the levels of 63.67 – 55.00.Analysis: a downside correction presumably continues developing as the second wave of larger degree (2) on the daily time frame, with waves A of (2) and B of (2) completed as its parts. Wave С of (2) is developing on the H
  
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• USDJPY: Elliott wave analysis and forecast for 08.03.24 – 15.03.24

  08-03-2024 11:40 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 145.98 with a target of 152.50 – 155.00.Alternative scenario: breakout and consolidation below the level of 145.98 will allow the pair to continue declining to the levels of 143.29 – 140.17.Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, wave 1 of (5) was formed, and a downside correction was completed as
  
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• Gold bulls thrive. Forecast as of 08.03.2024

  08-03-2024 11:33 via litefinance.org
  
  Gold can rise as a safe-haven asset, as it did in the spring of 2022 and 2023. It can also rise as a risk asset, as seen in the summer of 2020 and winter of 2023. In March 2024, the precious metal plays both trump cards. Let’s discuss it and make a trading plan for XAUUSD.Weekly fundamental forecast for goldThe external background for gold remains favorable, but even the most dedicated bulls did not expect such a rapid rise. XAU has been growing for eight trading sessions in a row, ad
  
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• GBPUSD: Elliott wave analysis and forecast for 08.03.24 – 15.03.24

  08-03-2024 11:10 via litefinance.org
  
  Main scenario: consider long positions after the completion of the correction above the level of 1.2600 with a target of 1.3000 – 1.3200.Alternative scenario: breakout and consolidation below the level of 1.2600 will allow the pair to continue declining to the levels of 1.2427 – 1.2332.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. The first wave of s
  
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• EURUSD: Elliott wave analysis and forecast for 08.03.24 – 15.03.24

  08-03-2024 10:40 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0794 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0794 will allow the pair to continue declining to the levels of 1.0688 – 1.0613.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first wave 1 of (A) of B and a corrective second wave 2 of (A) of B formed as its part. Ap
  
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• USDCHF: Elliott wave analysis and forecast for 08.03.24 – 15.03.24

  08-03-2024 10:10 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.8893 with a target of 0.8200 – 0.8050.Alternative scenario: breakout and consolidation above the level of 0.8893 will allow the pair to continue rising to the levels of 0.9020 – 0.9240.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. The development of the upward correction as the second wave 2 of (5) was completed
  
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• USDCAD: Elliott wave analysis and forecast for 08.03.24 – 15.03.24

  08-03-2024 09:41 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.3604 with a target of 1.3170 – 1.2977.Alternative scenario: breakout and consolidation above the level of 1.3604 will allow the pair to continue rising to the levels of 1.3724 – 1.3857.Analysis: the bullish first wave of a larger degree (1) is presumably formed on the daily time frame. The downward correction is developing as the second wave (2). On the H4 chart, wave A of (2) was formed, the upward correct
  
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• USD: close to failure. Forecast as of 08.03.2024

  08-03-2024 08:07 via litefinance.org
  
  The sooner the Fed starts monetary easing, the worse it will be for EURUSD bears. Moreover, the European Central Bank is ready to wait until June. Let us discuss the Forex outlook and make up a trading plan.Weekly US dollar fundamental forecastJerome Powell's statement to Congress that the Fed was close to cutting rates amid Christine Lagarde's hints that the ECB intends to wait until June turned on the green light for EURUSD bulls. If the US regulator makes the first move in May, and its E
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 08.03.2024

  08-03-2024 07:52 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisBitcoin is developing the initial part of its bullish impulse. After the end of two sub-waves [1]-[2], the development of the third sub-wave began. Sub-wave (1) has been completed as a standard five-wave impulse inside sub-wave [3]. Thus, soon expect the completion of wave (1)
  
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