LiteFinance Forex Broker

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Economic calendar for the week 09.01.2023 – 15.01.2023Review of the main events of the Forex economic calendar for the n...
09/01/2023

Economic calendar for the week 09.01.2023 – 15.01.2023
Review of the main events of the Forex economic calendar for the next trading week (09.01.2023 – 15.01.2023)

As follows from the minutes of the Fed's December meeting published last week, its leaders are generally determined to continue fighting high inflation in the US.

With a high probability, the interest rate will be raised again at the next meeting (January 31 - February 01). Now, after the release of a strong report from the US labor market last Friday, the Fed officials need to make sure that inflation is still unacceptably high: fresh US inflation data will be published in... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/economic-calendar-for-the-week-09012023-15012023/

USD doesn't like Goldilocks. Forecast as of 09.01.2023The Fed is selfish as it enjoys strong job growth and slower wage ...
09/01/2023

USD doesn't like Goldilocks. Forecast as of 09.01.2023
The Fed is selfish as it enjoys strong job growth and slower wage growth. However, the central bank is unhappy with the reaction of financial markets, which also like data. What will the Fed do, and how will it affect EURUSD? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Goldilocks regime, which combines high economic growth and moderate inflation, is the best for investing in financial assets. However, GDP and CPI are lagging indicators. The beginning of the Goldilocks regime in the US labor market is great news for both stock indices and the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/usd-doesnt-like-goldilocks-forecast-as-of-09012023/

CFD vs Spread BettingCompared to CFD trading, spread betting allows you to earn much more. Provided some risk management...
09/01/2023

CFD vs Spread Betting
Compared to CFD trading, spread betting allows you to earn much more. Provided some risk management, the profitability of spread bets can be ten times higher than the amount of the bet. This is not possible in CFD trading, even with leverage. But a wrong forecast can cost you the entire deposit.

What is spread betting, can you make money on it, what is the difference from CFD trading - you will find answers to these and other questions in this review.

Similarity of spread betting and CFDs

CFD trading allows you to earn on the difference between the buy... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/for-beginners/cfd-trading/cfds-vs-spread-betting/

Short-term analysis for oil, gold, and EURUSD for 09.01.2023I welcome my fellow traders! I have made a price forecast fo...
09/01/2023

Short-term analysis for oil, gold, and EURUSD for 09.01.2023
I welcome my fellow traders! I have made a price forecast for US Crude, 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 gold short-term uptrend continues.

Oil price forecast for today: USCrude analysis

The oil short-term downtrend continues. The upside target is the lower Target Zone 71.03 – 69.98. The price is trading in the correction now, with the possible target to test resistance (А) 76.47 – 76.12. After this resistance is reached, one could enter new sell trades with a target at the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-09012023/

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.01.2023I welcome my readers!I have prepared a short-term cryptocurr...
09/01/2023

Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.01.2023
I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Bitcoin is developing a horizontal contracting triangle.

Elliott wave Bitcoin analysis

The Bitcoin market is forming a triangle as part of a major correction B. This correction may end as a contracting triangle [A]-[B]-[C]-[D]-[E], as shown in the chart. Now the final actionary wave (Y), which is part of the corrective wave [C], is unfolding. It is expected to end at the level of 17900.00. At the indicated level, wave... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/short-term-forecast-for-btcusd-xrpusd-and-ethusd-09012023/

XAUUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23Main scenario: consider short positions from correctio...
06/01/2023

XAUUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
Main scenario: consider short positions from corrections below the level of 1866.32 with a target of 1741.81 – 1711.41.

Alternative scenario: breakout and consolidation above the level of 1866.32 will allow the pair to continue rising to the levels of 1920.84 – 1950.00.

Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart, with wave С of (4) completed inside. The fifth wave (5) appears to be forming on the H4 chart, with the first counter-trend wave of smaller degree i of 1 of (5) completed as its part. Apparently,... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/xauusd-elliott-wave-analysis-and-forecast-for-060123-130123/

WTI Crude Oil: Elliott wave analysis and forecast for 06.01.23 – 13.01.23Main scenario: consider short positions from co...
06/01/2023

WTI Crude Oil: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
Main scenario: consider short positions from corrections below the level of 84.05 with a target of 63.00 – 54.50 once a correction is completed.

Alternative scenario: breakout and consolidation above the level of 84.05 will allow the asset to continue rising to the levels of 104.00 – 124.09.

Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a bearish correction continues developing as second wave (2). Supposedly, wave С of (2) is forming on the H4 chart. It includes a local correction unfolding as wave iv of C. Wave (a) of iv appears... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-060123-130123/

USDJPY: Elliott wave analysis and forecast for 06.01.23 – 13.01.23Main scenario: consider long positions from correction...
06/01/2023

USDJPY: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
Main scenario: consider long positions from corrections above the level of 129.40 with a target of 138.24 – 140.57.

Alternative scenario: breakout and consolidation below the level of 129.40 will allow the pair to continue declining to the levels of 127.32 – 121.39.

Analysis: the upward third wave of larger degree (3) finished developing on the daily chart, with wave 5 of (3) formed as its part. A descending correction appears to have formed as the fourth wave (4) on the H4 chart, with wave C of (4) completed inside. Apparently, the fifth wave (5) started developing on the H1... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-060123-130123/

GBPUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23Main scenario: consider long positions above the level...
06/01/2023

GBPUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
Main scenario: consider long positions above the level of 1.1673 with a target of 1.2674 – 1.2963 once the correction is completed.

Alternative scenario: breakout and consolidation below the level of 1.1673 will allow the pair to continue declining to the levels of 1.1488 – 1.1280.

Analysis: the fifth wave of larger degree V presumably finished developing on the daily chart, with wave 5 of V formed as its part. The first ascending wave (1) started developing on the H4 chart, with the third wave of smaller degree 3 of (1) formed as its part. On the H1 chart, a... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-060123-130123/

EURUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23Main scenario: consider long positions above the level...
06/01/2023

EURUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
Main scenario: consider long positions above the level of 1.0361 with a target of 1.1020 – 1.1300 once a correction formed.

Alternative scenario: breakout and consolidation below the level of 1.0361 will allow the pair to continue declining to the levels of 1.0240 – 1.0114.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart, with the fifth wave (5) of А formed as its part. Apparently, an ascending wave B started developing on the H4 chart, with the first counter-trend wave of smaller degree 1 of (A) of B forming as its part. H1... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/eurusd-elliott-wave-analysis-and-forecast-for-060123-130123/

Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data?Analysis 02.12.2022 Accuracy Summa...
06/01/2023

Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data?
Analysis 02.12.2022 Accuracy Summary and Review

As projected in my analysis dated 02.12.2022: If the Bullish momentum pushes Gold price across the $1812 barrier, $1818, 1836 and 1866 can be the next target for Gold, opening the way to the $1888 - $1926 zone. Price zone projected for buy limits: below $1769, XAUUSD marked a low of 1764, hence buying below 1769 gave us handsome profits too. CMP 1836.

As observed in December, 2022: XAUUSD marked the low of $1764 on 06.12.2022, and retraced from there and made an uptrend movement breaching the levels of 1777-1818-1836, halting at 1865 on... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/spot-gold-analysis-xauusd-18881926-or-18181777-after-non-farm-payrolls-day-data/

USDCHF: Elliott wave analysis and forecast for 06.01.23 – 13.01.23Main scenario: consider long positions from correction...
06/01/2023

USDCHF: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
Main scenario: consider long positions from corrections above the level of 0.9192 with a target of 0.9550 – 0.9810.

Alternative scenario: breakout and consolidation below the level of 0.9192 will allow the pair to continue declining to the levels of 0.9087 – 0.8925.

Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downward correction is presumably completed on the H4 chart as wave 2 of (3), with wave c of 2 formed as its part. Apparently, the third wave 3 of (3) started developing on the... Read full author’s opinion and review in blog of https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-forecast-for-060123-130123/

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