USD/JPY: Elliott wave analysis and forecast for 12.07.24 – 19.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions above the level of 154.50 with a target of 165.00 – 170.00 once a correction has formed.…
ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal
(Reuters) – Top U.S. independent oil producer ConocoPhillips (NYSE:COP) said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of…
GBP/USD: Elliott wave analysis and forecast for 12.07.24 – 19.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from corrections above the level of 1.2610 with a target of 1.3145 – 1.3740. A buy signal:…
Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries
By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep…
EUR/USD: Elliott wave analysis and forecast for 12.07.24 – 19.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from corrections above the level of 1.0665 with a target of 1.1141 – 1.1273. A buy signal:…
Morning Bid: Disinflation, rotation and a bruised dollar
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan A violent rotation from Big Tech into small cap stocks followed the surprisingly benign…
HSBC’s new gold prices forecast calls for a 12% drop in 2025
Gold prices surged to a record high in mid-May, driven by robust safe haven and hedge fund purchases. This rally has been prompted by expectations of rate cuts from the…
BoJ Remains Silent on Intervention. Forecast as of 12.07.2024
Despite government officials’ denials, the sharp plunge in USDJPY quotes indicates Japan’s intervention in the Forex market. This time, the intervention was timed to coincide with the release of US…
USD/СAD: Elliott wave analysis and forecast for 12.07.24 – 19.07.24
The article covers the following subjects: Key takeaways Main scenario: consider short positions from corrections below the level of 1.3755 with a target of 1.3352 – 1.3166. A sell signal:…
Oil rises as US inflation eases
By Paul Carsten LONDON (Reuters) – Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, with Brent crude peaking…
