BofA maintains AUD/USD year-end forecast at 0.68

BofA maintains AUD/USD year-end forecast at 0.68
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BofA maintains AUD/USD year-end forecast at 0.68
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2024.08.30 2024.08.30 EURUSD: 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 1.0950 with a growth target of 1.1300 – 1.1500. A buy signal: after the price consolidates above 1.0950. Stop Loss:…
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…
FXTM’s US500 ↑ 1% MTD, less than 3% away from ATH Trump delays decision on Iran strike by two weeks Powell’s testimony + US PCE = potential breakout? US PCE forecasted to move US500 ↑ 1.3% or ↓ 1.0% Technical levels: 6060, 6000 & 5920 A cautious sense of relief has spread through markets after…
The PZ Pivot Points MT4 Indicator is designed to automatically calculate and display pivot points, support, and resistance levels on the chart. These levels are based on the previous trading session’s high, low, and closing prices. Traders use them to predict potential areas where price might reverse or continue its trend. Instead of manually drawing…
After a shaky Monday, the USD recovered, and Tuesday is unlikely to see much movement. Amid renewed market sentiment, US Dollar (DXY) gains and remains near the 103.00 mark. The market is pricing in a 100 bps rate cut by year-end. On Tuesday, the US Dollar (USD), measured by the DXY Index, is capitalizing on…
By Tuesday’s close, the Dow Jones Index (US30) gained 1.18%. The S&P 500 Index (US500) rose by 0.21%. The Nasdaq (US100) closed lower at 0.25%. Investors shifted away from technology stocks into “blue chips” and cyclical sectors amid expectations that the House of Representatives will approve the funding agreement and the government will reopen as…