The Swiss franc has posted sharp gains in the North American session on Friday. USD/CHF is currently trading at 0.8754, up 0.86% on the day. The Swiss franc is on a roll and is trading at its highest level since the end of January. Swiss inflation declined 0.2%, in line with expectations Switzerland’s inflation rate…
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2024.08.02 2024.08.02 XAUUSD: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 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 2350.30 with a growth target of 2560.00 – 2650.00. A buy signal: after a breakout above 2350.30. Stop Loss: below…
The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to extend the sell-off seen over the course of the previous session. The post Economic Worries, Disappointing Earnings May Lead To Extended Sell-Off appeared first on NewsmovesmarketsForex.com. Source link
2024.08.02 2024.08.02 WTI Crude Oil: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 83.40 with a bearish target of 72.30 – 67.60. A sell signal: after a breakout below 83.40. Stop…
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a downturn may be already in motion sees the evaporation of the earlier outperformance of the Dow Jones Industrial Average and…