Analyst news

• World stock market holidays: September 2024

  28-08-2024 17:28 via litefinance.org
  
  Dear clients,Please get acquainted with upcoming changes in LiteFinance’s trading schedule this month.Labor day, USA, 02.09.2024Trading instrument Closure Resumption XAUUSD 20:30 02/09/2024 01:00 03/09/2024 XAGUSD 20:30 02/09/2024 01:00 03/09/2024 XNGUSD 20:30 02/09/2024 01:00 03/09/2024 NI225 20:00 02/09/2024 01:00 03/09/2024 NQ 20:00 02/09/2024 01:00 03/09/2024 YM 20:00 02/09/2024 01:00 03/09/2024 SPX 20:00 02/09/2024 01:00 03/09/2024 UKBrent 20:30 02/09/2024 03:00 03/09/2024 USCrude 20:
  
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• Loonie Strengthens Against Greenback. Forecast as of 28.08.2024

  28-08-2024 11:32 via litefinance.org
  
  The Canadian economy is less robust than the US economy, the labor market is experiencing a more pronounced cooling, and the Bank of Canada has already reduced the overnight rate twice and is unlikely to cease its easing cycle at this stage. What is the reason for the decline in USDCAD quotes? Let's discuss this topic and make a trading plan.Highlights and key points Oil prices or the Trump trade have nothing to do with the USDCAD decline. The BOC overnight rate is expected to fall to 3% by mid-
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 28.08.2024

  28-08-2024 09:37 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 is correcting downward to the support (A) 1.1117 - 1.1109.Highlights and key pointsUSCrude: oil is declining after testing the short-term downtrend's key resistance 76.79 - 76.30. The first bearish target is 74.07. XAUUSD: gold is falling after hitti
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.08.2024

  28-08-2024 09:33 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 declining in impulse wave C to 48,970.00, a level located at the low of A. Short positions can be opened from the current level with a target of 48,970.00 XRPUSD: the price is falling in the last part of correction (B) – subwave Y. The target is located at the low of W, 0.4258. ETHUSD: this crypto pair is also de
  
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• Enhance Your Security with Two-Factor Authentication

  28-08-2024 08:52 via litefinance.org
  
  Dear Clients,We value your trust, and the security of your account is our top priority. To better protect your data, we have introduced the ability to use additional authentication methods during login.You can take advantage of an extra layer of security by enabling two-factor authentication (2FA) with Google. We highly recommend activating this feature to ensure maximum protection of your client profile.What is Two-Factor Authentication?Two-factor authentication is an additional security measur
  
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• US Dollar's Shortcomings Become More Evident. Forecast as of 28.08.2024

  28-08-2024 08:26 via litefinance.org
  
  Even if the Fed accelerates its rate cut cycle, the US dollar is unlikely to weaken significantly, given the opportunity for other central banks to take similar action. Let's discuss this issue and make a trading plan for the EURUSD pair.Highlights and key points Regardless of the Fed rate cut pace, the EURUSD rally potential is limited. The main problem for the US dollar is the global risk appetite. In the long term, the greenback can be harmed by a double deficit. If the EURUSD pair plunges be
  
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• Economic calendar for the week 02.09.2024 – 08.09.2024

  28-08-2024 02:30 via litefinance.org
  
  Market participants are trying to predict if the US Fed will lower interest rates at its meeting in September. Many experts believe there's a nearly 100% chance of a rate cut. Economists are now speculating on the magnitude of the interest rate reduction by the end of the year,  focusing on assessing the inflation rate. Nonetheless, the robust labor market, thriving business activity, and steady GDP growth in the US may mitigate the necessity for a substantial interest rate cut by the Fed.I
  
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