2024.10.18 2024.10.18 EUR/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24 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 1.1003 with a target of 1.0605 – 1.0400. A sell signal: if the price holds below 1.1003. Stop Loss: above…
Investing.com — Bank of America analysts on Thursday reiterated a Buy rating on Nvidia (NASDAQ:) stock and lifted the price target from $165 to $190, implying nearly 40% upside from current levels. BofA also hiked its 2025 and 2026 pro forma earnings per share (EPS) estimates by 13% and 20%, respectively. The bank believes that…
Investing.com — The currency pair could rise by around 11% if former U.S. President Donald Trump is re-elected and implements his proposed tariffs on Chinese imports, according to Nomura strategists. The report revisits historical data from Trump’s previous tariff periods, noting that during the second and third rounds of tariffs in 2019, every $10 billion…
Tamadoge Price Prediction – October 17 Bears have been allowed to take the charge of most visible forces on a lighter mode, as the TAMA/USD trade currently finds basis around $0.001, composing energy. As there are notable decline velocities in the exchanges have featured in the market worth of Tamadoge pairing with the valuation of…
During this morning’s Asian trading session, the oil price continued its sideways consolidation in the $70.00-$70.70 range The price of natural gas continued to move in the support zone on Friday, October 18 Oil chart analysis During this morning’s Asian trading session, the oil price continued its sideways consolidation in the…
Taiwan Semiconductor Manufacturing Company Limited (TSM) posted quarterly results that exceeded analyst expectations, driven by strong demand for AI-related chips: → Earnings per share: Actual = $1.95, Expected = $1.79;→ Revenue: Actual = $23.6 billion, Expected = $23.3 billion. According to the Wall Street Journal: → The company expects its revenue from servers and AI…
The British pound has extended its gains on Friday. In the European session, GBP/USD is trading at 1.3046, up 0.27% on the day. UK retail sales stronger than expected UK retail sales are moving in the right direction. Retail sales increased for a third straight month in September, rising 0.3% m/m. That was lower than…
The UK government and the Financial Conduct Authority (FCA) have plans to bring Buy Now Pay Later (BNPL) products under regulatory oversight. The move aims to protect consumers and ensure that BNPL providers operate fairly and responsibly. On Thursday, the UK government launched a consultation on draft legislation to regulate the BNPL market. The proposed…
On Friday, leading derivatives marketplace CME Group announced the successful launch of its new CBL Australian Carbon Credit Unit (ACCU) futures. The new CBL Australian Carbon Credit Unit (ACCU) futures sawtotal of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024, revealed CME. The new contract is designed to help…
Bank Rakyat Indonesia (BRI), one of Indonesia’s largest banks, announced that it has partnered with global payments infrastructure provider Nium to enhance its cross-border payment services. The firm explained in a press release that the collaboration aims to provide BRI’s customers with faster, more convenient, and cost-effective international money transfers. Through the partnership, BRI’s 150…