Analyst news

Pound Losing Ground amid Market Woes. Forecast as of 08.08.2024

08-08-2024 12:14 via litefinance.org

The yen has demonstrated an outstanding performance, while the pound sterling has experienced a contrasting trajectory. Yesterday's market leader is currently facing challenges amid market turmoil and concerns about the Labour Party pledges. Let's discuss this topic and make a trading plan for the GBPUSD pair.Highlights and key points The Labour Party's promise to accelerate GDP to 2.5% looks unachievable. The Bank of England may accelerate monetary expansion due to market turmoil. The pound's h

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Order Book: Concept, Operating Principle, and Depth of Market (DoM)

08-08-2024 10:17 via litefinance.org

The price of an asset is shaped by supply and demand, and traders make their decisions based on their ratio. A list of buy and sell orders for a specific security or currency arranged according to a price level is known as the order book, allowing traders to estimate the volume of pending orders, which can be used to identify resistance and support levels and the potential direction of a trend.In this review, you will become familiar with the concepts of market depth and order book, learn how to

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Short-term Analysis for Oil, Gold, and EURUSD for 08.08.2024

08-08-2024 09:40 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 corrected to the resistance (A).Highlights and key pointsUSCrude: oil is testing the resistance (A) 74.39 - 74.09. If the price settles below this zone, consider short trades with targets of 72.75 and 71.12. XAUUSD: gold is still trading in a short-t

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 08.08.2024

08-08-2024 09:04 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: correction [4] is expected to develop. Consider long positions from the current level with Take Profit at 57883.00. XRPUSD: the price is growing in impulse (C). Consider buying from the current level with Take Profit at 0.704. ETHUSD: the price may rise in correction (4). Consider buying with Take Profit at 2583.00.Elliott Wave ana

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Nightmares Haunt US Dollar. Forecast as of 08.08.2024

08-08-2024 08:42 via litefinance.org

The decline in US Treasury bond yields and stock indices is prompting a renewed focus on the recession narrative, which is supporting the EURUSD pair. The greenback is facing pressure from investors calling for the Fed to slash interest rates. Let's discuss this topic and make a trading plan.Highlights and key points Talks about recession in the US economy are not subsiding. The US dollar is falling as investors demand the Fed to cut rates. Unemployment claims could trigger new market turbulence

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