Analyst news

• Jobless claims climb to nine-week high of 221,000 — but there’s little sign of worsening labor market

  04-04-2024 14:34
  The number of Americans who applied for unemployment benefits last week rose to a nine-week high of 221,000. but they remained quite low and didn’t show any deterioration in the labor market.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe number of Americans who applied for unemployment benefits last week rose to a nine-week high of 221,000. but they remained quite low and didn’t show any deterioratio
  
  Read more

• XAUUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

  30-08-2024 14:05 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 2471.10 with a growth target of 2600.00 – 2700.00. A buy signal: if the price remains above 2471.10. Stop Loss: below 2440.00, Take Profit: 2600.00 – 2700.00. Alternative scenario: breakout and consolidation below the level of 2471.10 will allow the pair to continue declining to the levels of 2292.30 – 2161.56. A sell signal: after the level of 2471.10 is broken to the downside.
  
  Read more

• IBM Stock Forecast & Price Prediction for 2024, 2025-2026 and Beyond

  30-08-2024 13:51 via litefinance.org
  
  International Business Machines Corporation or IBM is a global leader in the development of hardware and software, as well as a provider of consulting and IT services. The company has a market capitalization exceeding $180 billion.The second-quarter report revealed a notable rise in IBM's gross profit, reaching $8.95 billion compared to the previous quarter's $7.74 billion. As a result, the IBM stock posted significant gains. Analysts anticipate that the stock will continue to appreciate over th
  
  Read more

• WTI Crude Oil: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

  30-08-2024 13:35 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 83.94 with a bearish target of 63.50 – 53.60. A sell signal: after the price returns below 83.94. Stop Loss: above 85.50, Take Profit: 63.50 – 53.60. Alternative scenario: breakout and consolidation above the level of 83.94 will allow the asset to continue rising to the levels of 89.53 – 94.10. A buy signal: after the level of 83.94 is broken to the upside. Stop Loss: b
  
  Read more

• Advertisement

• USDJPY: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

  30-08-2024 13:05 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss: below 140.50, Take Profit: 165.00 – 170.00. Alternative scenario: breakout and consolidation below the level of 141.66 will allow the pair to continue declining to the levels of 129.34 – 121.00. A sell signal: after the level of 141.66 is broken to the downside. Stop Lo
  
  Read more

• GBPUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

  30-08-2024 12:35 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2960 with a growth target of 1.3500 – 1.3740. A buy signal: if the price holds above 1.2960. Stop Loss: below 1.2900, Take Profit: 1.3500 – 1.3740. Alternative scenario: breakout and consolidation below the level of 1.2960 will allow the pair to continue declining to the levels of 1.2648 – 1.2478. A sell signal: once the level of 1.2960 is broken to the downside. Stop Loss: ab
  
  Read more

• EURUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

  30-08-2024 12:05 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0950 with a growth target of 1.1300 – 1.1500. A buy signal: after the price consolidates above 1.0950. Stop Loss: below 1.0920, Take Profit: 1.1300 – 1.1500. Alternative scenario: breakout and consolidation below the level of 1.0950 will allow the pair to continue declining to the levels of 1.0773 – 1.0662. A sell signal: after the level of 1.0950 is broken to the downside. St
  
  Read more

• Will the Pound Lose Ground? Forecast as of 30.08.2024

  30-08-2024 11:59 via litefinance.org
  
  The British pound sterling has grown against the US dollar to its highest in 2.5 years, strengthening its leadership in the G10 currency race. Still, are the GBPUSD bulls feeling that good? Let’s discuss it and make a trading plan.Highlights and key points Renewed carry trade supports the pound sterling. Things might worsen before they get better in the UK.  BoE will have to cut rates faster than markets expect. GBPUSD's failure to hold above 1.316 is a reason for selling.Weekly funda
  
  Read more

• Advertisement

• USDCHF: Elliott wave analysis and for 30.08.24 – 06.09.24

  30-08-2024 11:35 via litefinance.org
  
  Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 0.8750 with a bearish target of 0.8200 – 0.8000. A sell signal: after the price returns below 0.8750. Stop Loss: above 0.8780, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.8750 will allow the pair to continue rising to the levels of 0.9044 – 0.9226. A buy signal: after the level of 0.8750 is broken to the upside. St
  
  Read more

• USDСAD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24

  30-08-2024 11:04 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions with a target of 1.3192 – 1.2981. A sell signal: after the correction ends below 1.3950. Stop Loss: 1.3950, Take Profit: 1.3192 – 1.2981. Alternative scenario: breakout and consolidation above the level of 1.3950 will allow the pair to continue rising to the levels of 1.4200 – 1.4350. A buy signal: once the level of 1.3950 is broken to the upside. Stop Loss: below 1.3920, Take Profit: 1.4200 – 1.4350.Main s
  
  Read more

• Short-term Analysis for Oil, Gold, and EURUSD for 30.08.2024

  30-08-2024 09:49 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.Gold is trying to break through the upper Target Zone.Highlights and key pointsUSCrude: oil started an upward correction after reaching its first bearish target near the 74.07 level. Now, the price is approaching the trend's boundary of 76.79 - 76.30 again. X
  
  Read more

• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 30.08.2024

  30-08-2024 09:21 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 growth in correction [2] to 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 0.596. Long positions could be opened. ETHUSD: an ascending corrective wave 2 is unfolding and will probably en
  
  Read more

• US Dollar Returns Its Crown. Forecast as of 30.08.2024

  30-08-2024 08:24 via litefinance.org
  
  The retreat of the Trump trade was a contributing factor to the EURUSD rally in August. However, it was employed prematurely. The optimal time to make trading decisions amid the upcoming US presidential election will be in September. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points The US economy accelerated in the second quarter to 3%. German inflation fell below 2% for the first time since 2021. Trading on the back of the US presidential election w
  
  Read more

• 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

• 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

• 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:
  
  Read more

• 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-
  
  Read more

• 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
  
  Read more

• 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
  
  Read more

• 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
  
  Read more

• 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
  
  Read more

• 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
  
  Read more

• Gold Buying Frenzy Intensifies. Forecast as of 27.08.2024

  27-08-2024 11:23 via litefinance.org
  
  What could potentially impact the bullish outlook on gold? Could it be a robust US labor market in August or modest forecasts of the FOMC on the federal funds rate in September? Let's discuss these factors and make a trading plan for the XAUUSD.Highlights and key points Gold hit record highs thanks to geopolitics. The precious metal's rally potential is not exhausted due to the tailwind. The XAUUSD may decline on labor market statistics or Fed forecasts. The level of $2,515 per ounce is the line
  
  Read more

• Short-term Analysis for Oil, Gold, and EURUSD for 27.08.2024

  27-08-2024 09:36 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 short-term downtrend's key resistance.Highlights and key pointsUSCrude: oil has hit the resistance (B) 76.79 - 76.30. If the price remains below this area, the decline may continue to the target of 74.07. XAUUSD: gold is trying to breach t
  
  Read more

• Ripple Price Forecast & Predictions for 2024, 2025–2030 and Beyond

  27-08-2024 09:11 via litefinance.org
  
  Ripple XRP is one of the leading cryptocurrencies in the financial industry. Although the coin does not aim to be the most decentralized, it actively cooperates with international banks and investment companies. Experts say this factor could be the key to Ripple's success. XRP is not just a cryptocurrency. Ripple was designed as a full-fledged payment infrastructure that can potentially replace SWIFT.This article analyzes the reasons for the coin's growth and decline, future developments of the
  
  Read more

• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.08.2024

  27-08-2024 09:06 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 is 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 bullish im
  
  Read more

• EURUSD Surges on Improved Market Optimism. Forecast as of 27.08.2024

  27-08-2024 08:32 via litefinance.org
  
  Investors are paying close attention to the upcoming start of the Fed's monetary expansion cycle and have temporarily set aside concerns about the US presidential election. The associated uncertainty may provide support for the US dollar. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Markets are overly optimistic about the Fed's monetary expansion. History shows that sharp rate cuts are inherently unhealthy for the markets. Investors should not ov
  
  Read more

Follow @news_analyst on Twitter!