Analyst news

Japanese Yen Strengthens on Fed-BoJ Divergence. Forecast as of 26.08.2024

26-08-2024 12:30 via litefinance.org

The divergence in the monetary policies of the Fed and the Bank of Japan provides insight into the trajectory of the USDJPY pair. At the same time, expectations for a reduction in the federal funds rate may be overly optimistic. Let's discuss this topic and make a trading plan.Highlights and key points Reuters experts project the Bank of Japan to raise the rate in 2024. The futures market expects the Fed rate cuts of 100 bp. Divergence in monetary policy helps the USDJPY to determine the trend.

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Crude Oil Price Forecast for 2024–2030 and Beyond: WTI and Brent Outlook

26-08-2024 10:37 via litefinance.org

The question of whether oil will rise or fall is a pressing concern for traders and investors who closely follow the energy market. Geopolitical and economic factors make oil price forecasting a challenging task. Therefore, it is crucial to analyze expert forecasts before making informed trading decisions.Recent data shows a notable decrease in oil purchases of WTI and Brent among asset managers. According to the Commodity Futures Trading Commission, the pace of reduction is the fastest in 4 yea

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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.08.2024

26-08-2024 09:26 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: a bullish impulse wave may develop up to the level of 69,940.00. Consider long positions from the current level with Take Profit at 69,940.00. XRPUSD: the price continues rising in impulse (C) to the high of 0.703. Consider buying from the current level with Take Profit at 0.703. ETHUSD: the asset is projected to grow in a bul

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Short-term Analysis for Oil, Gold, and EURUSD for 26.08.2024

26-08-2024 09:20 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 has reached the resistance (A) 74.98 - 74.65.Highlights and key pointsUSCrude: oil is trading in an upward correction. The asset has reached the resistance (A) 74.98 - 74.65. Short trades can be considered near this zone. XAUUSD: gold is trying to break t

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US Dollar Dispels Recession Fears. Forecast as of 26.08.2024

26-08-2024 08:17 via litefinance.org

The market received a clear signal that the Federal Reserve's monetary expansion cycle would begin in September, and it started buying the EURUSD pair against the European Central Bank's actions. However, the central banks' decisions will depend on the incoming data. Let's discuss this topic and make a trading plan.Highlights and key points The Fed is not satisfied with the labor market cooling. The US regulator intends to adjust monetary policy. Its decisions will depend on the incoming data. T

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