GBP/USD rebounds towards 1.2540 following US inflation data and BoE decision
US PCE data showed softer inflation, reducing Fed's urgency for aggressive rate hikes. BoE held rates at 4.75%, with divisions...
Forex
Forex
Market Recap: U.S. stock indices rise today, but close with weekly losses
The major U.S. stock indices ended the day with gains of 1% or more for all three major benchmarks, but...
WTI Crude Oil: Elliott wave analysis and forecast for 20.12.24 – 27.12.24
2024.12.20 2024.12.20 WTI Crude Oil: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/The article covers the following subjects:Major...
US Dollar sees selling pressure come in with US trading session triggering profit taking in DXY
The US Dollar is residing not far from its fresh two-year high level seen in Asian trading on Friday Quadruple...
Forexlive Americas FX news wrap: PCE inflation unexpectedly cools
Markets:S&P 500 up 1.1%WTI crude up 15-cents to $69.53US 10-year yields down 4.2 bps to 4.52%Gold up $30 to $2623JPY...
XAUUSD: Elliott wave analysis and forecast for 20.12.24 – 27.12.24
2024.12.20 2024.12.20 XAUUSD: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/The article covers the following subjects:Major TakeawaysMain scenario:...
Too labored bottoming
S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I...
Dallas Fed trimmed mean November PCE price index +1.8% vs +2.9%
Prior was +2.9%These are one-month annualized numbers so small changes led to swings like this. That said, the latest number...
Alibaba (BABA) Stock Forecast & Predictions for 2024, 2025–2030, 2040 and Beyond
2024.12.20 2024.12.20 Alibaba (BABA) Stock Forecast & Predictions for 2024, 2025–2030 and BeyondJana Kanehttps://www.litefinance.org/blog/authors/jana-kane/Alibaba is a major player in online...
Slight end-of-week rebound fails to break key resistance
EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline. RSI rises sharply to 37, remaining in negative territory...
