2024.08.20 2024.08.20 Gold Avoids Bear Market. Forecast as of 20.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As a rule, gold declines during periods of increased monetary tightening by the Fed. Conversely, it tends to appreciate as soon as the central bank makes a dovish reversal. In the current cycle, the usual patterns have not been observed. Let’s discuss this…
General Motors Company (GM) is reportedly axing more than 1,000 workers in its Software and Services unit across the world. Based on CNBC information, the company’s decision follows a streamlining review of this division. These layoffs allegedly include approximately 600 positions at the company’s tech campus near Detroit. The dismissals follow hot on the heels…
With the summer now in its final weeks, the push towards Fall will soon be in full swing, and with it the Finance Magnates London Summit (FMLS)! This includes the annual London Summit Awards 2024, with nominations already underway to determine the most prestigious brands of 2024. The landmark summit is now in its thirteenth…
What is a Spot Trade? A spot trade refers to the purchase or sale of a foreign currency, commodity, or financial instrument for immediate delivery on a specified spot date. A ‘spot contract’ typically involves the physical delivery of the asset. The most common type of spot trade is a foreign exchange spot contract, which…
The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices, cryptocurrency buyers may feel more confident. Bitcoin, having added 3.2% since the start of the…
Yesterday, it was announced that Analog Micro Devices (AMD) intends to acquire ZT Systems, a manufacturer of equipment for data centres, cloud computing, and artificial intelligence. The market responded positively, with investors believing this move could help AMD reduce Nvidia’s substantial market share. As shown by the AMD stock chart, the price jumped by 4.5%…
By Ankur Banerjee and Stefano Rebaudo (Reuters) – The dollar wobbled near a seven-month low on Tuesday on bets the U.S. central bank will start cutting interest rates from next month, with traders bracing for comments from Federal Reserve Chair Jerome Powell on Friday. The weakness in the dollar lifted the euro to its highest…
TrendMaximizer EA Review: A Comprehensive Look at This Forex Trading Tool Forex trading, known for its fast-paced environment and high potential for profits, has seen a surge in automated trading tools like the TrendMaximizer EA. Designed to maximize profits by capitalizing on market trends, this tool has garnered attention from traders seeking to enhance their…
2024.08.20 XAUUSD trades in the morning. Source link
Lucky Block Price Prediction – August 20 The LBLOCKUSD market looks promising today as it remains positive and suggests a buy signal for interested traders. The token is at the possible buy opportunity, as it rises above the moving average, indicating a high and increasing investor activity. However, the price could still go higher if…