FOREX NEWS & BLOG

RBA Hits Aussie Hard. Forecast as of 18.12.2024

RBA Hits Aussie Hard. Forecast as of 18.12.2024

Australia’s GDP has reached its lowest levels since the 1990s, prompting the Reserve Bank to consider rate cuts. In light of the Federal Reserve’s intention to pause and the introduction of tariffs by the Trump administration, the AUDUSD pair is plummeting. Let’s discuss this topic and make a trading plan. Major Takeaways The RBA has abandoned the idea of hiking the cash rate. The Australian economy may become weaker. The labor market hampers the Reserve Bank’s rate cut. The AUDUSD pair continues to tumble to 0.615. Weekly Fundamental Forecast for Australian Dollar The Reserve Bank of Australia has refused to… Read full author’s opinion and review in blog of #LiteFinance

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Short-Term Analysis for Oil, Gold, and EURUSD for 18.12.2024

Short-Term Analysis for Oil, Gold, and EURUSD for 18.12.2024

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 market analysis, I suggest entry signals for intraday traders. Oil has managed to remain below the November 22 high. Major Takeaways USCrude: oil has retreated from the resistance 70.85 – 70.45. XAUUSD: gold is testing the support (B) 2639 – 2631. EURUSD: the euro will likely continue to trade in a short-term uptrend with the targets of 1.0553 and 1.0629. Oil Price Forecast for Today: USCrude Analysis Oil has managed… Read full author’s opinion and review in blog of #LiteFinance

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