The US Dollar (USD) is marginally up on Friday ahead of the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.
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MUFG’s Michael Wan highlights a sharp strengthening in the Japanese Yen, with USD/JPY dropping from 160 to around 155.30 as the Dollar broadly weakened and Asian FX gained.
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Commerzbank analysts Norman Liebke and Michael Pfister report that the Bank of Canada kept its policy rate at 2.25% but adopted a more hawkish tone as inflation risks rise from higher energy prices and trade tensions with the US.
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Bank of England (BoE) Governor Andrew Bailey said on Friday that monetary policymakers have some discretion over how quickly they bring inflation back to target, while stressing that returning inflation to the target remains imperative.
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Major Takeaways Main scenario: Consider long positions from corrections above 1.1560 with a target of 1.1790–1.2088. A buy signal: the price holds above 1.1560. Stop Loss: below 1.1515, Take Profit: 1.1790–1.2088. Alternative scenario: Breakout and consolidation below 1.1560 will allow the pair to continue declining to the levels of 1.1346–1.1200. A sell signal: the level of 1.1560 is broken to the downside. Stop Loss: above 1.1605, Take Profit: 1.1346–1.1200. Main Scenario Consider long positions from corrections above 1.1560 with a target of 1.1790–1.2088. Alternative Scenario Breakout and consolidation below 1.1560 will allow the pair to continue declining to the levels… Read full author’s opinion and review in blog of #LiteFinance
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Gold (XAU/USD) trades flat at the $4,470 area on Friday, as the previous two days’ rebound from $4,280 failed to find acceptance above the $4,500 psychological area.
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Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. Major Takeaways BTCUSD: The price continues to rise in a bullish correction (B). Consider long positions with a Take Profit at 81,397.56. XRPUSD: The asset continues to rise in an impulse [C] of wave XX. Consider long positions with a Take Profit at 1.694. ETHUSD: The rise in the fifth part of a bullish impulse continues. Consider long positions with a Take Profit at 2,565.06. Elliott Wave Analysis for Bitcoin Bitcoin continues to develop a bearish corrective trend in the form of an… Read full author’s opinion and review in blog of #LiteFinance
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OCBC’s Christopher Wong notes that the Dollar Index (DXY) has eased alongside lower UST yields after Fed Governor Waller signalled a preference to keep rates unchanged in September if disinflation persists.
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Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is rising from the key support of the short-term trend. Major Takeaways USCrude: Oil is approaching the 88.91–88.71 zone. XAUUSD: Gold is testing the 4,464 level. EURUSD: The euro is rising after touching support B at 1.1585–1.1572. Oil Price Forecast for Today: USCrude Analysis Oil is trading within a short-term uptrend. Yesterday, the price continued to climb, exceeding the… Read full author’s opinion and review in blog of #LiteFinance
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Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. Major Takeaways BTCUSD: A bullish correction (B) is expected to complete. Consider long positions with a Take Profit at 81,397.56. XRPUSD: A rise in impulse [C] of XX is projected. Consider long positions with a Take Profit at 1.694. ETHUSD: A rise in the fifth part of a bullish impulse is expected. Consider long positions with a Take Profit at 2,565.06. Elliott Wave Analysis for Bitcoin Bitcoin is developing a bearish corrective trend in the form of an (A)-(B)-(C) zigzag. Impulse (A) is complete, and… Read full author’s opinion and review in blog of #LiteFinance
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The GBP/JPY cross stages a goodish intraday recovery from the vicinity of the 210.00 psychological mark, though it remains on track to register heavy weekly losses.
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The Japanese Yen (JPY) is trimming some gains against the US Dollar (USD) on Friday, but still on track to its strongest weekly performance since July’s US-Japan coordinated intervention.
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