Author: Silas W

Economists predict August jobless rate will ease back down to 4.2% Lowered recession risks should mean slower Fed rate cuts Sturdier jobs market could boost gold, US stock indexes to new record highs Repeat of manic volatility from July NFP could deliver massive trading opportunities once more   Remember the market turmoil from the previous…

The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day. BoC expected to cut for third consecutive time The Bank of Canada is likely to lower rates for a third time in as many meetings on Sept….

By JustMarkets At Thursday’s close, the Dow Jones Index (US30) was up 0.59%, while the S&P 500 Index (US500) closed at its opening price. The NASDAQ Technology Index (US100) closed negative 0.23%. The Dow Jones (US30) rose on signs that the economy continues to expand after US second quarter GDP was revised upward. However, the general market’s gains were capped by a…

Investing.com — The US dollar is expected to face increasing downward pressure in the coming months, despite a recent boost from stronger-than-anticipated economic data.  As per analysts at UBS, the outlook for the greenback remains bearish, driven by a combination of narrowing interest rate differentials, concerns about the growing US fiscal deficit, and shifting global…

By RoboForex Analytical Department The AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has appreciated by almost 4% over the month, bolstered by high consumer price index figures that underline persistent inflationary pressures in…

2024.08.30 2024.08.30 XAUUSD: Elliott wave analysis and forecast for 30.08.24 – 06.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: 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:…