Analyst news

• World stock market holidays: April 2024

  29-03-2024 15:03 via litefinance.org
  
  Dear clients,Please get acquainted with upcoming changes in LiteFinance’s trading schedule this month.Ching Ming Festival, China – 04.04.2024Trading instrument Closure Resumption HK50 22:00 03/04/2024 04:15 05/04/2024
  ANZAC Day, Australia – 25.04.2024Trading instrument Closure Resumption ASX200 23:00 24/04/2024 10:10 25/04/2024
  Labour Day, China & Europe – 01.05.2024Trading instrument Closure Resumption CAC 23:00 30/04/2024 09:00 2/05/2024 HK50 22:00 30/04/2024 04:15
  
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• U.S. trade in goods deficit widens to highest level in ten months in February

  29-03-2024 13:59 via rocketnews.com
  The numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to the Commerce Department’s advanced estimate released Friday. Economists polled by Econoday were looking for the deficit to widen slightly to a $90.6 billion deficit.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to
  
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• Inflation risks appear to be rising, threatening to throw Fed’s rate-cut hopes into disarray

  29-03-2024 13:55 via rocketnews.com
  The possibility that U.S. inflation won’t trend much lower from here is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger cross-asset volatility.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe possibility that U.S. inflation won’t trend much lower from here is raising concer
  
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• This small-cap stock is expected to take off — if its weight-loss pill trial succeeds

  29-03-2024 12:19 via rocketnews.com
  Terns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTerns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.nnDiscussion:nn” ai_name=”RocketNews A
  
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• XAUUSD: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 12:15 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 2155.15 with a target of 2275.00 – 2350.50.Alternative scenario: breakout and consolidation below the level of 2155.15 will allow the pair to continue declining to the levels of 2078.95 – 1991.31.Analysis: a descending correction appears to have formed as fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the first wav
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 11:45 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 80.60 with a target of 85.50 – 88.55.Alternative scenario: breakout and consolidation below the level of 80.60 will allow the asset to continue declining to the levels of 76.50 – 71.00.Analysis: a downside correction presumably continues developing as 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 H4 ti
  
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• Will silver catch up? Forecast as of 29.03.2024

  29-03-2024 11:43 via litefinance.org
  
  In 2024, silver is growing two times slower than gold, and the gold/silver ratio has jumped to 88, with the historical average of 67. Can the white metal catch up? Let’s discuss it and make a trading plan for XAGUSD.Six-month fundamental forecast for silver"Don't try to catch falling knives," they tell those who want to buy an asset that has weakened too much. Is it worth buying an asset that's trading extremely high? The S&P 500 has set 22 record highs in 2024 and continues rallying.
  
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• USDJPY: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 11:15 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 149.73 with a target of 155.00 – 160.00. Alternative scenario: breakout and consolidation below the level of 149.73 will allow the pair to continue declining to the levels of 148.43 – 147.70. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on he H4 time frame, with first wave of s
  
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• GBPUSD: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 10:45 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.2801 with a target of 1.2427 – 1.2333.Alternative scenario: breakout and consolidation above the level of 1.2801 will allow the pair to continue rising to the levels of 1.3000 – 1.3200.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. Wave 1 of (3) is formed on the H4 time fram
  
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• EURUSD: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 10:15 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.0942 with a target of 1.0688 – 1.0613.Alternative scenario: breakout and consolidation above the level of 1.0942 will allow the pair to continue rising to the levels of 1.1141 – 1.1350.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed as its part. Apparently
  
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• USDCHF: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 09:45 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.9071 with a target of 0.8325 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.9071 will allow the pair to continue rising to the levels of 0.9240 – 0.9451.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame. As its part, wave 1 of (5) is formed, a bullish correction is completed as second wave 2 of (5), and the third wave
  
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• USDCAD: Elliott wave analysis and forecast for 29.03.24 – 05.04.24

  29-03-2024 09:14 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.3452 with a target of 1.3724 – 1.3857. Alternative scenario: breakout and consolidation below the level of 1.3452 will allow the pair to continue declining to the levels of 1.3170 – 1.2977.Analysis: the ascending first wave of larger degree (1) is presumably formed on the daily chart, and a downside correction is unfolding as second wave (2). Wave А of (2) is formed on the H4 time frame, and a bul
  
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• Short-term analysis for oil, gold, and EURUSD for 29.03.2024

  29-03-2024 09:12 via litefinance.org
  
  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.The short-term gold uptrend continued yesterday.Oil price forecast for today: USCrude analysisYesterday, the oil price broke out the upper Target Zone 82.34 - 81.35 and consolidated higher. The next growth target is the Gold Zone 84.98 - 84.65. Market trading
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.03.2024

  29-03-2024 07:51 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 analysisThe BTCUSD market is forming a horizontal correction (4) as a contracting triangle A-B-C-D-E, as outlined in the chart. As of now, the first wave A has completed. Correction B is about to finish. The price should resume declining in the C wave to a level of 62338.54. One
  
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• A miracle will save euro. Forecast as of 29.03.2024

  29-03-2024 07:28 via litefinance.org
  
  At the end of an excellent quarter for EURUSD bears, there is a high risk of profit-taking on shorts and the pair rebounding up. The publication of PCE data and Jerome Powell's speech could support the euro. Let's discuss the Forex outlook and make up a trading plan.Weekly Euro fundamental forecastThe hawkish stance of FOMC member Christopher Waller, who called for putting off the start date of the Fed’s monetary easing to a later period and reducing its scale, sent the EURUSD down below 1
  
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• Gas prices topping $4 a gallon this summer are possible — but not expected

  29-03-2024 01:48 via rocketnews.com
  Retail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallon is a bit of a stretch.
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  [mwai_chat context=”Let’s have a discussion about this article:nnRetail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallo
  
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• ETF flows in first quarter reflect investor hopes for ‘soft landing’

  29-03-2024 00:20 via rocketnews.com
  For this week’s ETF Wrap, I caught up with State Street’s Michael Arone to talk about flows and performance this month and quarter — as well as risks to his soft-landing outlook.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnFor this week’s ETF Wrap, I caught up with State Street’s Michael Arone to talk about flows and performance this month and quarter — as well as risks to his s
  
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