Chart Art: Is The U.S. Dollar Index Ready To Bounce Higher?

The U.S. dollar pulled back some of its weekly gains after an advance GDP reading disappointed market expectations. Are we looking at an opportunity to buy the Greenback at lower levels? We’re zooming in on the 4-hour chart to check out a range setup: U.S. Dollar Index (DXY) 4-hour Forex Chart by TV In case you missed it, the…

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USD/JPY losing more ground now after the Bank of Japan ‘on hold’ decision

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 30.10.2024

2024.10.30 2024.10.30 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 30.10.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ 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: Highlights and key points BTCUSD: The price may rise to a peak of 73,760.00 in impulse . Consider long positions from the current…

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Event Guide: BOJ Monetary Policy Statement (October 2024)

Will the Bank of Japan (BOJ) sit on its hands for yet another meeting? Pressure seems to be coming from the political and economic fronts for policymakers to support growth while preventing excessive FX moves. Here’s what markets are expecting for the upcoming central bank announcement! This Article Is For Premium Members Only Become a Premium member…

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Barclays looking for a 125K nonfarm payroll headline

Synopsis: Barclays forecasts a deceleration in October’s nonfarm payrolls to 125k, down from September’s 254k, with employment impacted by the Boeing strike and recent hurricanes. Wage growth is expected to remain steady, while the unemployment rate may tick up due to temporary disruptions. Key Points: Nonfarm payrolls projected to rise by 125k, with private payrolls increasing by 100k as…

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Investors will closely follow the BoJ and PCE data

The Greenback’s rally continued to give some signs of potential exhaustion on Wednesday, despite encouraging prints from the job creation in the US private sector and further evidence of a resilient US economy. Here is what you need to know on Thursday, October 31: The US Dollar Index (DXY) receded to three-day lows and pierced the 104.00 support amidst…

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Euro Remains Range-Bound Against US Dollar. Forecast as of 30.10.2024

2024.10.30 2024.10.30 Euro Remains Range-Bound Against US Dollar. Forecast as of 30.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Devastating hurricanes and strike actions risk cooling the US economy and complicating the Fed’s decision-making. This fact, together with rumors about China’s fiscal stimulus, is buoying the EURUSD pair. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Highlights…

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Daily Broad Market Recap – October 29, 2024

Market correlations appeared to be out of sync in the latest trading sessions, as crude oil had its own thing going while U.S. equities reacted to earnings data. Gold advanced more than 1% for the day while BTC/USD cruised to fresh all-time highs at the $73,000 levels. Which headlines and economic updates are driving price action? Headlines: Japan’s unemployment…

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