Analyst news

• BoJ Brews Rate Hike to Support Yen. Forecast as of 29.07.2024

  29-07-2024 12:33 via litefinance.org
  
  A recent survey of Bloomberg experts revealed that only 30% anticipate a rate increase from the Bank of Japan in July. Most respondents expected a modest reduction in quantitative easing (QE). However, the evolving dynamics of inflation and wage rates are prompting the BoJ to consider more decisive action. Let's discuss this topic and make a trading plan for the USDJPY pair.Highlights and key points Hedge funds are buying the yen at the fastest pace since 2011. Experts and the derivatives market
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 29.07.2024

  29-07-2024 09:35 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.Oil is trading in a short-term downtrend.Highlights and key pointsUSCrude: Oil trades in a correction with the target at the resistance (A) 79.00 - 78.71. Once the price reaches the resistance, consider short trades with the target at the July 25 low. XAUUSD:
  
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• Markets Await Rate Cut Signals from Fed. Forecast as of 29.07.2024

  29-07-2024 08:34 via litefinance.org
  
  There are clear signs that the US economy is cooling. The Fed must take action to achieve a soft landing. A rate cut in September would be an appropriate response. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Markets expect the Fed to signal a rate cut. September is the optimal month for launching monetary expansion. The week to August 2 will be eventful. The EURUSD risks hovering in the 1.083-1.09 range until the FOMC meeting results are announc
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.07.2024

  29-07-2024 08:26 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Highlights and key points BTCUSD: an ascending wave 3 may continue developing. Consider long positions from the current level with Take Profit at 70864.00. XRPUSD: the price is expected to drop in correction [B]. Consider selling from the current level with Take Profit at 0.504. ETHUSD: once correction (4) ends, the price may decline in subwave (5). Consider sellin
  
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