Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 05.09.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: expect a…
Trading 212 Scraps Unfavorable Clause Limiting Interest Payments for Inactive Investors
Retail trading firms and CFD brokers have recently begun offering their clients interest on uninvested funds. London-based Trading 212 introduced a similar offer in May, encouraging clients to engage in…
Weak Data Cast Shadows on US Dollar. Forecast as of 05.09.2024
A recent batch of reports on the US economy has prompted renewed speculation about the possibility of an impending recession. Investors are calling on the Fed to take decisive action…
India’s shrinking balance of payments surplus keeps rupee near record lows
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee held near a lifetime low on Thursday despite intervention by the country’s central bank, with traders and analysts expecting persistent pressure…
Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall
By Georgina McCartney and Trixie Yap (Reuters) -Oil prices edged up after plunging to multi-month lows previously as major producers may delay an output increase planned for next month and…
Indian central bank likely selling dollars to prevent rupee from dipping past 84, traders say
MUMBAI (Reuters) – The Reserve Bank of India was likely selling U.S. dollars on Thursday to prevent the rupee from weakening past the key psychological level of 84, four traders…
Oil steady as investors weigh weak demand, potential delay to OPEC+ output hike
(Reuters) – Oil was attempting to hold its line in early trade on Thursday after an overnight sell-off, as players grappled with weak demand alongside a possible delay to more…
Oil prices lower as demand concerns offset hopes for delay to OPEC+ output hikes
Investing.com – U.S. oil futures rose Wednesday on hopes that a group of major producers will continue limiting supply, in order to support the market weighed by demand growth concerns.…
US oil futures little changed after massive API draw
Investing.com — U.S. crude oil futures inched off lows post-settlement trading Wednesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stocks. Crude Oil WTI Futures,…
Crude futures settle down by more than $1/bbl on demand fears
By Erwin Seba HOUSTON (Reuters) – Crude futures fell by more than $1 a barrel on Wednesday in see-saw trading, with traders worried about demand in coming months as crude…
