Analyst news

Economic calendar for the week 05.08.2024 – 11.08.2024

31-07-2024 15:02 via litefinance.org

Market participants continue to evaluate the results of the Fed meeting that ended on July 31 and the dollar's prospects in this regard. For now, it still has the potential for further growth, while the world's largest central banks are moving to a softer monetary policy.However, the situation, as always, can change dramatically both against the backdrop of unexpected political events and news, and as a result of the release of important macro data.And in the coming week 05.08.2024 – 11.08

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Aussie May Continue to Tumble. Forecast as of 31.07.2024

31-07-2024 12:20 via litefinance.org

The AUDUSD pair is facing challenges not only from developments in China and the US but also from Australia. The deceleration in inflationary pressure may cancel the RBA's next cash rate hike. What impact will this have on the Australian dollar? Let's discuss these topics and make a trading plan.Highlights and key points Slowing inflation in Australia deprives the AUDUSD pair of its advantages. China's economy is experiencing a downturn. Deteriorating global risk appetite is weighing o

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Short-term Analysis for Oil, Gold, and EURUSD for 31.07.2024

31-07-2024 09:52 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.Gold reached the resistance (B) within a correction.Highlights and key pointsUSCrude: Oil has managed to remain above the Target Zone 75.72 - 74.90. An upward correction is underway. Consider short trades once the price tests the resistance (A). XAUUSD: Gold

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 31.07.2024

31-07-2024 08:53 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 growing in impulse (5). Consider buying from the current level with Take Profit at 0.653. ETHUSD: the pair is expected to rise in subwave X. Consider long positions with Take Profit at

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US Dollar Awaits Guidance from Fed. Forecast as of 31.07.2024

31-07-2024 08:40 via litefinance.org

No matter how much pain the European economy is experiencing and how much global risk appetite is deteriorating, the approaching start of the Fed's monetary expansion is limiting the EURUSD's decline. Let's discuss this topic and make a trading plan.Highlights and key points The Bank of Japan's decision did not dampen global risk appetite. The 0.3% GDP growth in the eurozone is not cause for celebration. The fall in the EURUSD pair is slowed down by the Fed's plans to cut rates. The euro risks r

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