Yen crosses critical line in sand. Forecast as of 25.04.2024
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1h ago
You have to be in the right place at the right time to be successful. The Japanese government understands this very well. It is on the verge of intervening in the currency markets to tame USDJPY bulls. Will this move bear fruit? Let's discuss the Forex outlook and make up a trading plan. Weekly fundamental forecast for Japanese yen Everything must be done on time. While traders wonder at what level the currency intervention threshold is set, the Japanese government is waiting for the BoJ meeting to act. It refrains from taking action now to avoid a rollercoaster ride i ..read more
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Short-term analysis for oil, gold, and EURUSD for 25.04.2024
Lite Forex
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3h ago
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 continues to trade in a correction to the short-term downtrend. Oil price forecast for today: USCrude analysis Oil is trading in a short-term bullish trend. Last week, the price tested the trend's key support 82.06 - 81.57. Bulls managed to hold the quotes above this area. Therefore, long trades can be considered near this zone with the ..read more
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Should we doubt the USD? Forecast as of 25.04.2024
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3h ago
The US economy's share of global GDP has reached its highest level in nearly two decades. American exceptionalism really supports EURUSD bears. However, will this process last indefinitely? Let's discuss this topic and make up a trading plan. Daily US dollar fundamental forecast Disappointing statistics on US business activity and core orders for durable goods raise doubts about whether the US economy is as strong as commonly believed. The data may not be as significant as reports on the labor market or inflation, but small beginnings can lead to big outcomes. American exceptionalism has ..read more
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BoE split on rate cut. Forecast as of 24.04.2024
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1d ago
Doves at the Bank of England believe that victory over inflation is imminent, while hawks warn that an early rate cut is a wrong decision. Which side will prevail? GBPUSD's trajectory depends on the answer to this question. Let's discuss the Forex outlook and make up a trading plan. Weekly Pound fundamental forecast Is the Bank of England's approach more similar to that of the Fed or the ECB? Investors believe that Andrew Bailey and his colleagues will slowly ease monetary policy, starting in August, and then cut the rate to 4.75% at another Monetary Policy Committee meeting before t ..read more
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USD estimates chances. Forecast as of 24.04.2024
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1d ago
Will Fed officials resume the tightening cycle or cut rates eight times by 200 bps over the next 12 months? The futures market assigns a 20% probability to both scenarios. Let's discuss this topic and make up a trading plan for EURUSD. Weekly US dollar fundamental forecast More balanced global GDP growth, the ECB's intention to take into account the Fed's actions, and lower Treasury yields amid solid demand at the auction. All these factors contribute to the strengthening of EURUSD bulls. Due to the potential reduction in divergence in US-eurozone economic growth, the main currency pair m ..read more
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Short-term analysis for oil, gold, and EURUSD for 24.04.2024
Lite Forex
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1d ago
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 trading in a short-term downtrend. Oil price forecast for today: USCrude analysis Oil managed to remain above the short-term uptrend's key support 82.06 - 81.57. Now, the price is showing bullish momentum. The first bullish target is at the April 19 high, and the second one is at the April 12 high. Therefore, today is a good time to ..read more
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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 24.04.2024
Lite Forex
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1d ago
I welcome my readers! I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency. Elliott wave Bitcoin analysis Corrective wave (4) is unfolding as a triple zigzag W-X-Y-XX-Z. Sub-waves W-X-Y have been completed. Now, the price is moving up in the linking sub-wave XX, which will take the shape of a standard zigzag [A]-[B]-[C]. The price may rise to the level of 71635.77, which is located on the upper trendline. But first of all, expect a small pullback in correction [B], as sh ..read more
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Economic calendar for the week 29.04.2024 – 05.05.2024
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2d ago
After the publication of data on inflation in the United States in mid-April, which indicated its acceleration, the dollar strengthened sharply and continues to maintain its position on the foreign exchange market. Macro data from the United States released last week did not impress them much, while the Fed officials are making moderately hawkish statements regarding the prospects for the monetary policy of the American Central Bank. Now, at the meeting on April 30 - May 1, the Fed leaders will make the next decision on interest rates. They are widely expected to remain the same. Investor ..read more
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(DASH) Dash Price Prediction for 2024, 2025-2026 and Beyond
Lite Forex
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2d ago
Dash, a cryptocurrency that has captured the attention of investors across various crypto exchanges, has been on a fascinating journey since its inception. Originally named XCoin, Dash has set itself apart from other digital currencies through its innovative two-tier network architecture, which utilizes controller nodes to enable instant transactions. This unique feature has intrigued investors and sparked comparisons between Dash and other cryptocurrencies like Litecoin. As an avid follower of the cryptocurrency market, I have been closely monitoring Dash's performance. Despite the recent dow ..read more
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Gold departs from Fed policy and Treasury yields. Forecast as of 23.04.2024
Lite Forex
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2d ago
In 2024, gold broke down its ties to Fed monetary policy, robust US economic performance, and soaring US Treasury yields. What are the reasons behind this historic shift? Let's discuss it and make a trading plan. Monthly fundamental forecast for gold Understanding the past is necessary to predict the future correctly. Unfortunately, history offers no clues as to gold's fate. The precious metal has broken decades-long ties to the debt and currency markets, and the outflow of capital from ETFs amid all-time highs in XAUUSD looks puzzling. Investors are grappling with the events and figuring out ..read more
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