Analyst news

Gold May Continue Its Rally to New Highs. Forecast as of 10.09.2024

10-09-2024 12:05 via litefinance.org

The precious metal has lost support from Asia, as evidenced by the People's Bank of China's reluctance to buy it. However, gold will benefit from lower federal funds rate. Let's discuss these topics and make a trading plan for the XAUUSD.Highlights and key points The People's Bank of China does not buy gold for the fourth consecutive month. The XAUUSD's reaction to US employment data reduces the chances of a pullback. Inflation and the US presidential debate may offer insight into gold's fu

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Economic calendar for the week 16.09.2024 – 22.09.2024

10-09-2024 12:02 via litefinance.org

The unceasing debate regarding the magnitude of the Fed's interest rate cut will likely settle in the coming week. The US central bank will announce its decision on Wednesday. Most analysts still predict a 0.25% rate cut. However, the focus will likely shift to the Fed's press conference, accompanying statements, and projections for interest rates, inflation, and economic growth over the next 1–3 years and beyond.In the upcoming week, 16.09.2024 – 22.09.2024, the central ba

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Short-term Analysis for Oil, Gold, and EURUSD for 10.09.2024

10-09-2024 09:22 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 is maintaining its short-term downtrend.Highlights and key pointsUSCrude: oil remains under pressure. The price is trying to correct upwards to the target at the resistance (A) 69.98 - 69.68. XAUUSD: gold is trading in a channel between the upper Target Z

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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 10.09.2024

10-09-2024 08:30 via litefinance.org

Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.All three pairs continue trending down despite some minor changes in the structure of waves.Highlights and key points BTCUSD: expect a decline in impulse [3] to 49,037.00. Consider opening a short position. XRPUSD: a descending impulse [3] continues heading for the low of 0.427. Consider opening a short position. ETHUSD: a bearish impulse wave [3] is curr

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US Dollar Dependent on Political Clash Resolve. Forecast as of 10.09.2024

10-09-2024 08:24 via litefinance.org

In addition to the release of US inflation data and the ECB's deposit rate decision, markets will be monitoring the Donald Trump and Kamala Harris debate. Political developments have an impact on the economy and the EURUSD exchange rate. Let's discuss this topic and make a trading plan.Highlights and key points The US and the eurozone are at risk of deflation. The Fed and the ECB need to be more aggressive. A Republican victory in the debate can return the Trump trade factor. The EURUSD may cons

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