Author: Silas W

2024.10.11 2024.10.11 How RBA Decisions Affect the Australian Dollar. Forecast as of 11.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ A strong labor market, high inflation and lower rates allowed the RBA to keep the cash rate plateaued while other central banks were easing monetary policy. In autumn, everything changed. Let’s discuss it and make a trading plan for AUDUSD….

2024.10.11 2024.10.11 EUR/USD: Elliott wave analysis and forecast for 11.10.24 – 18.10.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 1.0773 with a target of 1.1400 – 1.1600. A buy signal: if the price holds above 1.0773. Stop…

The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in…

The US Dollar Index (DXY) is in an intriguing position after mixed price action and ahead of PPI data. The future of the dollar may be influenced by external factors like oil prices and Middle East tensions. Technically, the DXY is facing resistance and a potential pullback, but underlying fundamentals remain supportive. Most Read: Gold…

On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”: → Cybercab – an autonomous robotaxi that Musk claims will be produced in very large quantities. → Robovan – an autonomous bus capable of transporting 20 people or cargo, with an expected price…

The harmonic bat pattern is a powerful tool for traders seeking to pinpoint market reversals with precision. Using Fibonacci ratios to map out key price movements, this pattern offers traders the chance to enter high-probability trades. In this article, we’ll break down the bat pattern’s structure, how to identify and trade it, and common mistakes…

On Friday, the Australian Securities and Investments Commission (ASIC) announced it has cancelled two Australian Financial Services (AFS) licences and 11 Australian credit licences. The cancellations took place based on various compliance failures. These reportedly included non-membership in the Australian Financial Complaints Authority (AFCA), late lodgement of annual compliance certificates, failure to submit financial statements,…

Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straightforward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied…

Investing.com – The U.S. dollar traded with small losses Friday, but remained on course for weekly gains as traders reassessed likely Federal Reserve rate cuts in the wake of the strong payrolls number. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower…