Analyst news

• The British Pound Doomed to Collapse. Forecast as of 01.08.2024

  01-08-2024 12:48 via litefinance.org
  
  The British pound, once under the spotlight, is falling now. The global economy and rumors that the Bank of England will cut interest rates are to blame. The Chancellor of the Exchequer's speech may also have a negative impact on the GBPUSD. Let's discuss this topic and make a trading plan. Highlights and key points The global economic slowdown is pushing the GBPUSD down. Chances of a repo rate cut in August have risen sharply. Labor's tax hike will destroy the British pound. The
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 01.08.2024

  01-08-2024 10:15 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 may reverse.Highlights and key pointsUSCrude: Oil broke through the resistance (A) 77.50 - 77.20 yesterday. If the growth continues today, the price may reach the resistance (B) 79.13 - 78.68. XAUUSD: Gold's short-term downtrend
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 01.08.2024

  01-08-2024 09:01 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: the price is expected to fall in correction 4. Consider short positions from the current level with Take Profit at 62197.00. XRPUSD: anticipate a corrective move in wave [B]. Consider selling from the current level with Take Profit at 0.548. ETHUSD: the final part of a bearish correction (B) is projected to form. Consider selling with T
  
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• Dollar Got What It Wanted. Forecast as of 01.08.2024

  01-08-2024 08:37 via litefinance.org
  
  Investors anticipated signals regarding a federal funds rate cut in September, but not to this extent. Even Jerome Powell's references to the Fed's apolitical stance can be interpreted as a clue. Let’s discuss it and make a trading plan for the EURUSD.Highlights and key points The Federal Reserve discussed a rate cut in July. It will most likely do that in September. Markets were nervous, but the central bank reassured them. Employment data in the US will be a reason for building up positi
  
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