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…
Short-term Analysis for Oil, Gold, and EURUSD for 12.07.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the…
Oil rises as US inflation eases; Brent heads for weekly dip
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices inched up on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, although Brent crude was…
US Dollar Slumps as CPI Cools. Forecast as of 12.07.2024
US inflation declined on a month-on-month basis for the first time since the pandemic, providing further evidence that the economy is cooling. This factor is forcing the Fed to cut…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 12.07.2024
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: Key takeaways BTCUSD: A descending wave…
Bitcoin price today: down to $56k amid little relief from Mt Gox fears
Investing.com– Bitcoin price fell on Friday, reversing a recent rebound as traders remained largely on edge over selling pressure from distributions by defunct exchange Mt Gox, as well as capitulation…
Gold prices steady above $2,400 as soft CPI data fuels rate cut bets
Investing.com– Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a…
Dollar hovers around 1-mth low as soft CPI data spurs rate cut bets
Investing.com– The dollar steadied against a basket of currencies on Friday after softer-than-expected inflation data saw the greenback sink to one-month lows, amid increased bets that the Federal Reserve will…
