Yen Breaks Bullish Trend Against Greenback. Forecast as of 19.07.2024
The Bank of Japan’s currency interventions yielded positive outcomes. In light of the recent slowdown in the US labor market and rising inflation, it is likely that the USDJPY uptrend…
USDCHF: Elliott wave analysis and forecast for 19.07.24 – 26.07.24
The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 0.9050 with a target of 0.8546 – 0.8325. A…
Dollar edges higher on safety bid; sterling drops after weak retail sales
Investing.com – The U.S. dollar rose slightly Friday, on course for a positive week, while sterling slipped after the release of weak retail sales data. At 04:10 ET (09:10 GMT),…
USDСAD: Elliott wave analysis and forecast for 19.07.24 – 26.07.24
The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3788 with a target of 1.3352 – 1.3166. A…
XAU/USD: Why Gold Prices Keep Rising and What’s Next
Spot gold prices climbed again on Thursday, driven by growing expectations that the Federal Reserve might start cutting rates by September as well as softer inflation figures and dovish hints…
Oil prices fall as strong dollar, worries over China weigh on sentiment
By Shariq Khan (Reuters) -Oil prices fell on Friday as a strong dollar, mixed economic signals and concern over China’s economy weighed on investor sentiment. Brent crude prices fell by…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 19.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The cryptocurrencies continue moving within a predicted range. The article covers the…
Euro Fails to Overcome Roadblocks. Forecast as of 19.07.2024
The July ECB meeting caused a certain level of lethargy in the markets, but the September meeting may inject a renewed sense of activity. Christine Lagarde hinted at this, and…
Rising cooling demand to keep coal plants online this year, IEA says
By Forrest Crellin PARIS (Reuters) – Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning…
Gold prices slide as dollar regains ground; Copper walloped by China fears
Investing.com– Gold prices fell sharply in Asian trade on Friday, dented by a mix of profit-taking and as speculation over a potential Donald Trump presidency and stricter U.S. trade policies…
