Short-term Analysis for Oil, Gold, and EURUSD for 03.07.2024

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 market analysis, I suggest entry signals for intraday traders.

Yesterday, the euro reached the first bearish target.

Oil price forecast for today: USCrude analysis

Yesterday, oil broke through the Target Zone 82.34 - 81.44. The next target within the short-term uptrend is the Gold Zone 84.75 - 84.45. In this connection, consider long trades during a correction at the strong support (A) 80.79 - 80.49 and support (B) 79.30 -... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-03072024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 03.07.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

Elliott Wave analysis for Bitcoin

The complex corrective wave [4] presumably continues developing as a triple three pattern (W)-(X)-(Y)-(XX)-(Z). Its four parts have been fully completed. The actionary wave (Z) may be developing at the moment and is likely to end as a triple zigzag W-X-Y-XX-Z at the low of 56,457.74, marked by wave (Y). 

Trading plan for BTCUSD for today:

Sell 60,828.02, Take profit: 56,457.74

Elliott Wave analysis for Ripple

The linking wave [X] continues developing in Ripple's chart and looks... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-03072024/?utm_source=telegram&utm_medium=social&utm_campaign=post

US Dollar Soars on Fed Fears. Forecast as of 03.07.2024

Politics may become one of the reasons for a federal funds rate cut in September. Donald Trump is steadily moving towards the US President's chair, and the Fed may want to set up some roadblocks on his way. Let's discuss this topic and make a trading plan for EURUSD.

Weekly US dollar fundamental forecast

Jerome Powell did not surprise anyone in Sintra, Portugal, by saying that a strong US economy gives the Fed time, but markets viewed his rhetoric as dovish. This led to a decline in Treasury bond yields, which had risen significantly after the debate between Joe Biden... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-soars-on-fed-fears-forecast-as-of-03072024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term analysis for oil, gold, and EURUSD for 26.06.2024

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.

The euro falls within a short-term downtrend.

Oil price forecast for today: USCrude analysis

The oil price failed to break through the Target Zone 82.34 - 81.44 and is now trading in correction. If the correction continues, the price will test the support (A) 78.68 - 78.38. After that, consider long trades according to the pattern with the target at the... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-26062024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 26.06.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.

Elliott Wave analysis for Bitcoin

The complex corrective wave [4] presumably continues developing as a triple three pattern (W)-(X)-(Y)-(XX)-(Z). Its four parts have been fully completed. The actionary wave (Z) may be developing at the moment and is likely to end as a double zigzag at the low of 56457.74.

Trading plan for BTCUSD for today:

Sell 61513.50, Take profit: 56457.74

Elliott Wave analysis for Ripple

The linking wave [X] is presumably developing in Ripple's chart in the medium term and looks... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-26062024/?utm_source=telegram&utm_medium=social&utm_campaign=post

US dollar braces for hard landing. Forecast as of 26.06.2024

The fresh US statistics show that the economy is slowing down. However, the Fed is stubbornly unwilling to speculate on the timing of rate cuts. On the contrary, it is determined to keep them elevated for an extended period. Will this approach lead to a recession? Let's discuss this topic and make a trading plan for EURUSD.

Weekly US dollar fundamental forecast

A deceleration in the US economy alone is insufficient to weaken the US dollar. The key lies in the Federal Open Market Committee (FOMC) finally addressing the possibility of an imminent rate cut. However, FOMC officials are cautious,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/us-dollar-braces-for-hard-landing-forecast-as-of-26062024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Aussie to follow its own way. Forecast as of 19.06.2024

Today, only Australia and Japan are mulling rate hikes among G10 countries. If inflation in Australia anchors in the second quarter, the aussie could become the most popular currency in the Forex market. Let's discuss this topic and make a trading plan for AUDUSD.

Monthly Australian dollar fundamental forecast

Most likely, the Fed is bluffing by saying it will cut rates only once in 2024. At the same time, the question is, Does the Reserve Bank of Australia mislead the markets by suggesting that it will increase cash rates in response to slow progress in disinflation? Markets do not believe it... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/aussie-to-follow-its-own-way-forecast-as-of-19062024/?utm_source=telegram&utm_medium=social&utm_campaign=post

JPMorgan Stock Price Forecast for 2024, 2025, 2026–2030 and Beyond

JPMorgan Chase & Co., with its impressive $2.6 trillion in assets and global operations, stands as a testament to enduring financial leadership and innovation. With a legacy stretching back to 1799, this financial behemoth has navigated through periods of economic prosperity and downturns alike, solidifying its stock as a reflection of resilience and stability in the financial sector.

This article will delve into the JPMorgan stock price forecast, analyzing the myriad factors, from economic indicators to regulatory changes, that could influence its trajectory in the coming years. We'll provide insights into various expert predictions and JPMorgan's stock price forecasts in... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/jpm-stock-forecast-and-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post

The euro will be told off. Forecast as of 19.06.2024

The EU is ready to tell off France for breaching the deficit threshold of 3% set for a country with a debt of 60% or more of GDP. Politics does not allow the EURUSD to take advantage of the favorable environment. Let’s discuss it and make a trading plan. 

Weekly fundamental forecast for euro

The EURUSD feels like between a rock and a hard place. From one side, French politics hits the euro. From the other side, the cooling of inflation and the US economy creates a severe obstacle that does not allow the Euro/USD bears to take the offensive.... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/the-euro-will-be-told-off-forecast-as-of-19062024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Economic calendar for the week 17.06.2024 – 23.06.2024

The most important events of the coming week may be: the RBA's decision on the interest rate, inflation data in the UK, meetings of the Central Banks of Switzerland and the UK and the publication of preliminary PMI indices for Europe and the USA.

In addition, in the week 17.06.2024 – 23.06.2024, market participants will pay attention to the publication of important macro statistics for the UK, China, New Zealand, and the USA.

Note: During the coming week, new events may be added to the calendar and / or some scheduled events may be cancelled. Time is GMT

Monday, June... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/economic-calendar-for-the-week-17062024-23062024/?utm_source=telegram&utm_medium=social&utm_campaign=post