Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 10.09.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. All three pairs continue trending down despite some minor changes in the…
US Dollar Dependent on Political Clash Resolve. Forecast as of 10.09.2024
In addition to the release of US inflation data and the ECB’s deposit rate decision, markets will be monitoring the Donald Trump and Kamala Harris debate. Political developments have an…
Gold prices edge lower but keep record highs in sight ahead of inflation test
Investing.com– Gold prices fell slightly in Asian trade on Tuesday but remained close to recent peaks as traders awaited key U.S. inflation data for more cues on the Federal Reserve’s…
Asia FX muted, dollar advances with inflation, Fed on tap
Investing.com– Most Asian currencies moved little on Tuesday, while the dollar crept higher in anticipation of key inflation data that is likely to factor into the outlook for U.S. interest…
Oil prices dip as weak demand offsets supply disruptions from Gulf storm
By Georgina McCartney and Katya Golubkova (Reuters) -Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine and as global oil oversupply risks…
Oil prices steady with storm disruptions, demand fears in focus
Investing.com– Oil prices steadied in Asian trade on Tuesday as traders sought to gauge the impact of Tropical Storm Francine on U.S. oil production, while concerns over sluggish demand remained…
Oil steady as supply disruptions from Storm Francine offset weak demand
By Georgina McCartney (Reuters) – Oil was steady in early trade on Tuesday as investors weighed supply disruptions from Tropical Storm Francine and the potential for further output cuts against…
US court officer moves to block creditors from derailing Citgo auction
By Marianna Parraga HOUSTON (Reuters) – A U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in…
Oil prices edge up as storm nears US Gulf Coast after week of heavy losses
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 1% on Monday on concerns that a hurricane forecast to hit Louisiana on Wednesday will disrupt production and refining along…
Are oil prices screaming recession ahead?
Investing.com — The bumpy ride for oil prices resembles a path previously paved with recession indicators including the COVID-19 pandemic and the Great Financial Crisis periods, but Morgan Stanley believes…
