Analyst news

• ECB ready to start cutting interest rates, chief economist says

  27-05-2024 15:56 via rocketnews.com
  The European Central Bank will likely cut interest rates from historic highs at its meeting on June 6th and, and in an interview with the Financial Times on Monday, its chief economist, Philip Lane, brushed off fears that doing so before the U.S. Federal Reserve could backfire.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe European Central Bank will likely cut interest rates from historic highs at its meeting on
  
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• Markets eagerly await BoJ move. Forecast as of 27.05.2024

  27-05-2024 13:16 via litefinance.org
  
  If you constantly wait for new evidence, you may miss the moment for decisive action. The Bank of Japan's decisions are made by people, and their reluctance to take action hinders the yen. Let's talk about this and make a trading plan for USDJPY.Weekly fundamental forecast for Japanese yenThe BoJ's dithering is slowly killing the Japanese yen. The regulator needs evidence that inflation is anchored near 2%, which seems odd at first glance. Consumer prices have been above that mark for 25 consecu
  
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• Shares of China Evergrande’s EV unit soar on potential investor support

  27-05-2024 10:26 via rocketnews.com
  China Evergrande New Energy Vehicle shares jumped 92% on Monday after the EV startup said liquidators were in talks to sell a 29% stake in the unit to an unnamed buyer.
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  [mwai_chat context=”Let’s have a discussion about this article:nnChina Evergrande New Energy Vehicle shares jumped 92% on Monday after the EV startup said liquidators were in talks to sell a 29% stake in the unit to an unnamed buyer.nnDiscussion:nn” ai_name=&rdqu
  
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• Euro: no drastic moves. Forecast as of 27.05.2024

  27-05-2024 09:36 via litefinance.org
  
  The ECB will cut the deposit rate in June but then take a pause. The increase to 4% may have been a mistake. It's time to correct the mistake. Let’s discuss it and make a trading plan for EURUSD.Weekly fundamental forecast for euroThe global economy's two paces suggest central-bank monetary policies will also be less synchronized than previously. However, if American GDP continues to slow down and its European counterpart accelerates, the ECB may not make sharp moves after June. Moreover,
  
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• Short-term analysis for oil, gold, and EURUSD for 27.05.2024

  27-05-2024 09:09 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 euro's short-term uptrend continued on Friday last week.Oil price forecast for today: USCrude analysisOil increased above the Target Zone 77.11 - 76.12 within an upward correction. The price may rise to resistance (A) 79.32 - 79.02. From this area, it wil
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 27.05.2024

  27-05-2024 08:17 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinThe H4 timeframe shows a layout of an impulse forming. It consists of subwaves [1]-[2]-[3]-[4]-[5]. The subwaves [1]-[2]-[3]-[4] are complete. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. In the coming days, the price is expected to rise in impulse (3) above the level
  
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