Analyst news

Leicester City Confirms LiteFinance as Official Trading Partner

29-08-2024 17:00 via litefinance.org

We are excited to announce that LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner. This collaboration marks a significant milestone for LiteFinance as we expand our presence into the world of sports, aligning our brand with one of England’s most admired football clubs.«Leicester City Football Club is pleased to confirm LiteFinance as its new Official Trading Partner.»Established in 2005,

Read more
Yuan May Collapse Amid Renewed Trade War. Forecast as of 29.08.2024

29-08-2024 12:09 via litefinance.org

The USDCNH pair's decline can be attributed to the growing popularity of the yuan in international settlements, the reduction in the number of carry trade transactions, and the shifting focus away from the Trump trade. However, all things must eventually come to an end. Let's discuss this topic and make a trading plan.Highlights and key points Reduction in bond yield differential has inspired the yuan. The effect of the carry trade withdrawal on the renminbi is limited. China's economy may weake

Read more
Short-term Analysis for Oil, Gold, and EURUSD for 29.08.2024

29-08-2024 09:53 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.Yesterday, oil continued to plunge in a short-term downtrend.Highlights and key pointsUSCrude: oil trades, opened at the short-term downtrend's key resistance 76.79 - 76.30, have reached the first bearish target. If the asset breaks through the 74.07 lev

Read more
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 29.08.2024

29-08-2024 09:03 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, within which subwabes [1]-[2]-[3]-[4]-[5] are unfolding. Expect growth in correction [2] to around 61,406.67 and consider a long position. XRPUSD: a descending impulse is developing at the moment, with wave [1] completed as its part. The price is currently growing in correction [2] to around&nbs

Read more
Advertisement
EURUSD Quotes to Cool Down. Forecast as of 29.08.2024

29-08-2024 08:25 via litefinance.org

It is clear that the global economy is interconnected. Therefore, if the leading economy slows down, it will have a knock-on effect on the world economy. This is particularly relevant given the current crises in Germany and China. Let us discuss these issues and make a trading plan for the EURUSD pair.Highlights and key points The slowdown in the US economy will affect global GDP. Procyclical currencies see waning optimism. Germany and China are causing concern. If the EURUSD pair declines below

Read more