By RoboForex Analytical Department AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. The Australian dollar’s resilience is bolstered by the minutes from the Reserve Bank of Australia’s latest meeting, indicating that the central bank…
Gold prices retest $2500/oz ahead of Fed Chair Powell’s Jackson Hole speech. Gold’s rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell’s remarks have? Most Read: Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY Gold prices are back at $2500/oz following a long…
By JustMarkets On Thursday, stocks in the US ended the session down. The Dow Jones Index (US30) was down 0.43%, while the S&P 500 Index (US500) fell by 0.88%. The NASDAQ Technology Index (US100) closed negative at 1.67% yesterday. The rise in bond yields on Thursday was negative for stocks. Hawkish comments from Kansas City Fed President Schmid pushed bond…
2024.08.23 2024.08.23 XAUUSD: Elliott wave analysis and forecast for 23.08.24 – 30.08.24 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 2430.30 with a growth target of 2600.00 – 2700.00. A buy signal: the price remains above 2430.30. Stop Loss: below…
EURAUD and EURNZD charts analysis cover During this morning’s Asian trading session, the EURAUD rose to 1.65819, forming a new weekly high there During this morning’s Asian session, the EURNZD came under pressure again, leading to another pullback EURAUD chart analysis During this morning’s Asian trading session, the EURAUD rose to 1.65819, forming a…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of August 23rd 2024 is here. It is now time to recap and summarize the trade setups that we had during this…
Forex trading is an after-work (or maybe during work) hobby and happens if and when you have enough strength to keep your eyes open. You haven’t gained the trading experience to take it full time, but that’s the dream. And a great dream it is. But it seems like the days are getting shorter, and…
2024.08.23 2024.08.23 WTI Crude Oil: Elliott wave analysis and forecast for 23.08.24 – 30.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: once a correction forms, consider short positions below the level of 78.85 with a bearish target of 63.50 – 53.60. A sell signal: after the price returns…
The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 146.06, down 0.14% on the day. The yen has looked sharp this week, gaining 1% against the struggling US dollar. Japan’s Core CPI rises to 2.7% Japan’s core CPI rose 2.7% in July, up for 2.6% in June…
WeRide, the China-based self-driving tech outfit, has postponed its plans for the launch of its US initial public offering (IPO), citing that it needs more time to complete the required documents. The firm was expected to put up 6.5 million American depository shares (ADS) valued at between $15.50 and $18.50, and aimed to raise an…