Analyst news

EOS Price Forecast & Predictions for 2024, 2025-2030 and Beyond

02-09-2024 14:03 via litefinance.org

EOS is the native cryptocurrency for EOSIO, an open-source blockchain technology that allows developers to build decentralized applications. The coin is recognized as one of the leading tokens in the crypto world. Although Ethereum – the main EOS rival – is far more popular, experts emphasize that popularity does not guarantee high quality.EOS focuses on speed, scalability, and flexibility, all important things that give it an edge in the eyes of experts. Besides, EOS developers stri

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Yen Soars on Differing Fed-BoJ Policy Outlooks. Forecast as of 02.09.2024

02-09-2024 12:26 via litefinance.org

The BoJ claims that the USDJPY's collapse is rooted in the events in North America. In fact, the pair is showing increased sensitivity to the Fed's monetary policy and changes in US Treasury yield. Let's discuss this topic and make a trading plan.Highlights and key points Sharp fluctuations in the yen exchange rate harm the Japanese economy. Slow BoJ normalization makes the USDJPY dependent on events in the US. The release of US labor market data will determine the yen's future. As long as USDJP

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Short-term Analysis for Oil, Gold, and EURUSD for 02.09.2024

02-09-2024 09:26 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 has reversed.Highlights and key pointsUSCrude: oil continues to decline after hitting the short-term downtrend's key resistance 76.79 - 76.30. The bearish target is at 71.35. XAUUSD: gold is trading in a downward correction withi

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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.09.2024

02-09-2024 09:15 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: expect a decline in impulse [3] to 54,092.00. Consider opening a short position. XRPUSD: a descending impulse [3] is heading for the low of 0.487. Consider opening a short position. ETHUSD: a descending corrective wave 3 is unfolding and will probably end at around 2,181.01. Short positions could be considered.Elliott Wav

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US Dollar Awaits Jobs Data. Forecast as of 02.09.2024

02-09-2024 08:17 via litefinance.org

Should the US Federal Reserve choose to act in response to growing discontent over the cooling labor market, the August employment data will serve as a key driver for the EURUSD pair. Let's discuss this topic and make a trading plan.Highlights and key points The winding down of speculative short positions on the US dollar became a reason for the EURUSD rebound. The slowdown in EU inflation is pushing the ECB to cut rates in September. The August labor market report will be a litmus test fo

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