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2022 ended with a grand event: the gala dinner of the LiteFinance Dream Draw-2021 finals!
Several months have passed, and we continue to admire the photos of the happy finalists 😍

More than 180 thousand traders participated in the contest worldwide, but only 20 lucky traders got to the final! We remind you that the grand prize of the Dream Draw-2021 was a $250,000 certificate for buying a dream house anywhere in the world!

Finally, when all the lottery balls with the finalists' names were taken out of the raffle drum, we found out who won the main prize.

The lucky owner of a $250,000 certificate for buying a dream house is Mr Vo Nhut Nam!

Mr Mohd Irwan Bin Mat Salimain took second place and won a certificate for buying a brand-new SUV!

We congratulate Mr Vo Nhut Nam and the other finalists of LiteFinance's Dream Draw! And we wish you new achievements in Forex trading and good luck in your future undertakings!

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Dear Clients!

We are happy to inform you that MT4 and MT5 are back in the App Store.

Use the links below to download the latest versions of apps:

Download MT4 on the App Store;

Download MT5 on the App Store.

If you have any further questions, please contact LiteFinance support in LiveChat.

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MT4 and MT5 apps are now available in the App Store LiteFinance clients can install or update iPhone and iPad MetaTrader 4 and MetaTrader 5 apps again

Dear clients,

We would like to draw your attention to the trading schedule over the upcoming daylight saving time changes in the United States of America on 12th of March 2023 (Sunday) and on 26th of March 2023 (Sunday) in Europe.

Please note that trading in all trading assets, except the the IBEX35 index, and the European stocks EURONEXT, LONDON LSE, and XETRA will open and close one hour earlier than usual from 12.03.2023 to 26.03.2023.

All information is intended for guidance only and is subject to change. Please, stay up to date.

We strongly recommend that our clients take... Read more

Trading hours for some instruments to be changed from 12th up to 26th of March 2023 Changes in LiteFinance trading hours due to switch to daylight saving time in USA and Europe | 07-03-2023

Dear Clients,

Kindly be aware that the technical maintenance will be held on 14.01.2023 from 09:00 until 11:00 (GMT +2). Client's Profile and Website will be unavailable.

Thank you for your understanding and sorry for the possible inconvenience!

Best Regards,

LiteFinance Read more

Planned technical maintenance on 14.01.2023 LiteFinance Website and Client's Profile are under maintenance on 14.01.2023 from 09:00 until 11:00 (GMT +2). We kindly recommend scheduling deposits and withdrawals from your accounts in advance

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The year 2023 is approaching, in harmony with the atmosphere of the year-end festival season, LiteFinance would like to send to customers an extremely attractive Bonnus program.
⏱ Time: From December 29 to December 31, 2022, if you deposit from $ 100 or more, your account will be doubled immediately.
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Market Review

EUR/USD
Euro quotes are consolidating after a "bearish" start to the week, which led EUR/USD to update record lows since March 2020. The reason for the emergence of upward dynamics on Tuesday are technical factors, while the news background continues to strengthen the dollar as a "safe" asset. Currently, traders are concerned about the prospects for the recovery of the global economy against the backdrop of further escalation of the conflict in Ukraine, which is the cause of the crisis in the commodity areas. In addition, there are reports from Beijing of a rapid increase in the incidence of coronavirus infection among the local population. Recently a large-scale lockdown ended in Shanghai, and now a similar prospect seems to threaten the capital of China. Over the past day, about 22K cases of COVID-19 were detected in the country, and more than 21K infected occurred in Beijing. Further tightening of coronavirus restrictions could lead to a decline in energy consumption in the Chinese economy. Meanwhile, macroeconomic statistics from Europe published on Monday turned out to be optimistic: the IFO Business Climate in Germany rose from 90.8 to 91.8 points in April, while analysts expected it to decline moderately to 89.1 points. The Current Assessment indicator for the same period rose from 97.1 to 97.2 points, which also turned out to be noticeably better than market expectations at the level of 95.8 points. The index of Economic Expectations in April strengthened from 84.9 to 86.7 points, ahead of forecasts at the level of 83.5 points.

GBP/USD
The pound is showing an uptrend against the US currency, correcting after a sharp decline over the past two sessions, which caused the instrument to renew all-time highs for the instrument since September 2020. GBP/USD received a signal for a technical correction, but analysts note that the outlook for the British currency is very controversial. Against the background of the rapidly developing energy crisis in Europe, many experts believe that in the future one should not exclude the possibility of a recession in the British economy, which is most actively involved in the anti-Russian sanctions policy after the start of a special military operation on the territory of Ukraine. In addition, the consequences of Brexit, which at one time managed to be avoided relatively easily, can now reappear with a larger negative effect. Also traders pay attention to a rather difficult position of the Bank of England. Earlier, the Governor of the British regulator, Andrew Bailey, admitted that the issue of adjusting interest rates is now becoming more acute. On the one hand, officials are forced to fight record inflation; on the other hand, it is necessary to prevent the national economy from falling into recession. AUD/USD The Australian dollar is correcting during morning trading, recovering from a three-day "bearish" rally, which led to the renewal of local lows from February 24. The growth of the instrument on Tuesday is supported by technical factors while the informational background changes slightly. In turn, the pressure on the position of the Australian currency is still exerted by the disappointing prospects for the recovery of the global economy. The escalation of the crisis in Ukraine at the moment does not mean that the conflict, or at least its acute phase, will end in the near future. Meanwhile, sanctions pressure on Russia continues to intensify, approaching the most sensitive aspects of the bans, the energy imports. Any restrictions beyond those already in place will inevitably lead to additional price increases, which will aggravate the already difficult situation with inflation and the energy crisis in Europe and in the world as a whole. Today, the focus of investors will be on a block of statistics from the US on the dynamics of Durable Goods Orders, as well as data on New Home Sales in March. Interesting data from Australia will appear only on Wednesday, with the release of statistics on consumer inflation for Q1 2022, and analysts suggest acceleration in prices from 3.5% to 4.6% year on year.

USD/JPY
The US dollar is developing flat trading dynamics in tandem with the yen during the Asian session, consolidating near 128.00. The development of the uptrend stopped last week, when USD/JPY made new record highs, and the market plunged into a correction. Meanwhile, demand for the US currency is increasing in anticipation of a more aggressive approach to tightening monetary policy parameters by the US Federal Reserve, pushing buyers to open new deals, while the Bank of Japan is only cautious about the risks of rising inflation in the country. The latter, however, does not frighten Japanese investors at all, who are accustomed to the deflationary characteristics of the national economy. The Bank of Japan is likely to keep its rate unchanged at -0.10% at its meeting on Thursday and refrain from major adjustments in its forecasts for further actions, as rising commodity prices force it to focus on maintaining the economic recovery after the coronavirus pandemic. Macroeconomic statistics from Japan, released the day before, turned out to be restrainedly optimistic: the Coincident Index in February rose from 96.3 to 96.8 points, which turned out to be better than the negative forecasts of analysts for a decline to 95.5 points. The Leading Economic Index for the same period fell from 101.2 to 100.0 points, while the market expected 100.9 points. The Unemployment Rate in the country in March also corrected down from 2.7% to 2.6%.

XAU/USD
Gold prices are slightly increasing during the morning session, correcting after an active decline at the beginning of this week, which led XAU/USD to updating local lows from March 29. At the moment, the quotes are in the area of 1900.00 and are waiting for new drivers to move in the market. The pressure on the instrument is still exerted by expectations of further tightening of monetary policy by the US Federal Reserve. Already during the May meeting, members of the Fed can raise the key interest rate by 50 basis points, as well as launch a quantitative tightening program. In turn, the demand for "safe" gold is supported by the escalation of the conflict on the territory of Ukraine and the rapid growth of inflationary risks against the backdrop of further growth in energy prices.

KEY RELEASES

United States of America
The US currency is weakening against the yen and has ambiguous dynamics paired with the euro and the pound. Investors are focused on the March inflation data published today in the USA, which confirmed the negative trend: the consumer PCI index rose from 0.8% to 1.2% on a monthly basis, and from 7.9% to 8.5% on an annual basis, surpassing preliminary market estimates of 8.4% and being the highest value since 1981. The core consumer price index decreased from 0.5% to 0.3% on a monthly basis and increased from 6.4% to 6.5% on an annual basis. Prices are rising in all sectors of the economy; energy, food and utilities have risen the most. Undoubtedly, the observed trend will push the US Fed to further sharply raise rates, which should reduce inflation, but at the same time carries risks of slowing the recovery of the American economy.

Eurozone
The European currency is weakening against the yen and has ambiguous dynamics paired with the USD and the pound. Today, Germany published data on the consumer price index for March, which confirmed a further increase in inflation in the first European economy: on a monthly basis, the index rose from 0.9% to 2.5%, and on an annual basis - from 5.1% to 7.3%, which, in turn, increases pressure on the European Central Bank, which must take new measures to combat inflation, but in the face of uncertainty caused by the Ukrainian crisis, officials are hesitating to raise rates, fearing to further slow down the economic recovery. Meanwhile, the April business sentiment index from ZEW is declining, although not as much as experts expected: the indicator for Germany corrected from -39.3 to -41.0 points, instead of the expected -48.0 points, and for the eurozone — from -38.7 to -43.0 points, instead of -46.5 points expected. The representative of ZEW, Achim Wambach, noted that business is pessimistic about the current economic situation and assumes that it will continue to deteriorate, as the threat of stagflation persists.

United Kingdom
The pound is weakening against the yen and has ambiguous dynamics paired with the euro and the USD. Investors are focused on the release of March data from the UK labor market. According to statistics, the unemployment rate in the country decreased from 3.9% to 3.8%, and employment increased by 10K, which is lower than the 50K expected by experts, while the number of applications for unemployment benefits decreased by 46.9K. The average salary level corrected upwards: the indicator excluding bonuses increased from 3.8% to 4.0%, and taking them into account - from 4.8% to 5.4%. In general, the indicators of the British labor market remain strong, but are offset by a serious increase in inflation. in the country, as the net incomes of British citizens continue to decline due to the constant increase in prices, which the increase in wages does not keep pace with. Experts are also concerned about the slowdown in employment growth, as it may be a consequence of business caution. Companies are in no hurry to recruit new employees because they fear a slowdown in demand for their services and products.

Japan
The yen is strengthening against its main competitors - the euro, the USD and the pound. Today, March data on the corporate goods price index were published in Japan: on a monthly basis, the indicator decreased from 0.9% to 0.8%, and on an annual basis - from 9.7% to 9.5%, but in general, the increase in wholesale inflation remains close to a record. According to experts, an increase in wholesale prices will help accelerate consumer inflation to the Bank of Japan's target of 2.0%, this could damage the country's economy, which is still recovering from the coronavirus epidemic. It should also be noted that today Japanese Prime Minister Fumio Kishida once again confirmed that the stability of exchange rates is extremely important, and any sharp fluctuations are undesirable.

Australia
The Australian currency is strengthening against its main competitors - the yen, the USD, the euro and the pound. Today, March data on business conditions and confidence in Australia were published, which turned out to be positive: the business conditions index rose from 9 to 18 points, and business confidence - from 13 to 16 points. The highest figures were recorded in the retail, leisure, finance and real estate sectors. In general, Australian companies have demonstrated an increase in sales and an increase in the number of employees, but the pressure of inflation continues to be the main problem of the Australian economy.

Oil
Oil quotes are rising today amid the weakening of quarantine measures in China and OPEC's warning that Russia's withdrawal from the oil market in the near future will be impossible to compensate. The Chinese authorities announced the easing of a number of restrictions in some areas of Shanghai, which will affect almost 5M people, since no new cases of coronavirus infection have been registered there over the past two weeks. Such actions give hope for the preservation of oil demand from the world's first consumer. Meanwhile, OPEC representatives said that in the event of an embargo on Russian energy carriers, the market will lose oil and other related products with a volume of 7M barrels, which there is nothing to compensate for. During the day, investors also expect the publication of a weekly report on the amount of oil reserves in the USA from the American Petroleum Institute (API). The last time the indicator increased by 1.08M barrels, and the continuation of this trend may put pressure on oil quotes.

Tesla Inc.: growth prospects remain

Current trend Tesla Inc. quotes continue to move within the uptrend and are currently trading around 1091.00. The price is supported by two main factors: a positive report on the supply of new products to the market and the upcoming stock split. In Q1 2022, the company delivered a little more than 310K electric vehicles to car dealerships, which is a record high, but falls short of the experts' forecast of 317K. Probably, the pressure on the production and supply of products was exerted by a new outbreak of coronavirus, because of which the Chinese authorities were forced to quarantine Shanghai, and the factory located in the city temporarily stopped working. In general, the company's prospects look positive. It is assumed that production and sales will continue to grow as the increase in gasoline prices stimulates global demand for electric vehicles. Earlier, the management of Tesla Inc. announced the upcoming stock split - the second since the company went public in 2010. It is predicted that instead of cash dividends, shareholders will receive new shares. The split ratio will be announced later at the annual meeting. Nevertheless, remaining within the uptrend, today the price of Tesla Inc. stocks came under pressure caused by the possibility of new legal claims against the head of the company, Elon Musk, from the US Securities and Exchange Commission (SEC).
Observers believe that Musk did not notify the regulator about the purchase of 9.2% of Twitter shares in due time, which violated the law and may now be subject to fines.
Support and resistance
The price is testing the 1125.00 mark (Murray [+1/8]), consolidation above which will cause continued growth to 1180.00, 1250.00 (Murray [+2/8]).
A breakdown of the level of 1033.70 (Fibo retracement 61.8%) will give the prospect of a decline to 970.00 (Fibo retracement 50.0%, the middle line of the Bollinger Bands), 907.50 (Fibo retracement 38.2%)
However, continued price growth looks preferable, since the Bollinger Bands are directed upwards, and the MACD histogram is growing in the positive
zone.

Resistance levels: 1125.00, 1180.00, 1250.00.

Support levels: 1033.70, 970.00, 907.50.

Trading tips
Long positions may be opened from the level of 1125.00 with targets at 1180.00, 1250.00. Stop-loss 1080.60. Implementation period: 5-7 days.

Short positions can be opened below 1033.70 with targets at 970.00, 907.50. Stop-loss- 1075.00

The United States of America
USD is strengthening against JPY but weakening against GBP and EUR. Yesterday, the March Non-Manufacturing PMI was released in the US: the figure rose from 56.1 to 58.3 points but fell short of the projected value of 58.4 points. This dynamic signals that the US service sector continues to grow steadily. Investors are focused on the monetary policy of the US Federal Reserve. On Tuesday, regulator officials Lael Brainard and Mary Daly made their comments. Brainard, the governor of the regulator, said that to reduce inflation, it is necessary to continue raising rates and start a sharp reduction in the balance sheet of departments immediately after the May meeting. The head of the Federal Reserve Bank of San Francisco, Mary Daly, also supported the "hawkish" rhetoric, stressing that rate hikes are necessary because high inflation is bad for the economy. Tightening monetary policy may strengthen the position of the USD, but it creates the possibility of economic slowdown and even recession, so investors are ambivalent about these actions. The market expects to receive additional data on the regulator's further intentions oday from the publication of the minutes of the last meeting of the Federal Open Market Committee of the US Federal Reserve (FOMC)

Eurozone
EUR is moderately strengthening against its main competitors - JPY, GBP, and USD. Today, the February data on the Eurozone producer price index was published: the figure fell from 5.1% to 1.1% MOM, but it rose from 30.6% to 31.4% YoY points. Inflationary pressure in the European economy continues to grow, which requires the ECB to take additional action to contain it. The factory orders in Germany also did not please investors: the volume decreased by 2.2% after rising by 2.3% in January, helped by a decrease in demand for German goods from abroad amid rising inflation and uncertainty caused by the Ukrainian crisis. It is worth noting today's comments of the officials of the European regulator. European Central Bank Vice President Luis de Guindos said the Eurozone's financial system is coping well with the fallout from the conflict in Ukraine and the associated economic sanctions. The head of the Bank of Italy, Fabio Panetta, was not so optimistic. He noted that the European economy might shrink this year, and the tightening of the monetary policy of the European Central Bank in the short term will lead to negative economic consequences.

The United Kingdom
GBP strengthens against USD and JPY but weakens against EUR. Today, March Construction PMI was published in the UK. Instead of the expected decline to 57.8 points, the indicator remained at 59.1 points. The British construction market is recovering despite the pressure of high inflation. The National Insurance and Social Security (NHS) tax hike went into effect today. Now, most citizens and businesses are required to contribute up to 1.25%, which will put even more pressure on households already suffering from declining living standards. Business representatives asked the government to postpone tax increases, but they were never heard.

Japan
JPY is weakening against its main competitors - EUR, GBP, and USD. Due to a lack of significant economic releases, JPY is traded under the influence of external factors. Investors are waiting for the opening of the country's borders for travelers from 106 countries, including the Eurozone and the US, lifting restrictions imposed in connection with the coronavirus pandemic. It should stimulate the growth of the Japanese economy, especially the tourism and service sectors. Today, the Japan Economic Research Center reported a seasonally adjusted real GDP growth of 0.3% in February. This first increase in three months was due to increased exports of local products to China.

Australia
AUD strengthens against EUR, GBP, and US dollar but has ambiguous dynamics against JPY. Investors are discussing the results of the meeting of the Reserve Bank of Australia. Yesterday, the regulator left the rate unchanged at 0.10% but said that it would evaluate data on wage inflation and determine whether to start raising interest rates in the coming months. Currently, experts are counting on the first rate increase to 0.25% in June, and by the end of the year, there may be six more, and the rate, in their opinion, should be 1.75%. However, analysts also see several negative factors from a sharp tightening of monetary policy. In particular, it could seriously affect Australian borrowers, who have not seen an adjustment in value since 2010, and Australian households have record levels of mortgage debt.

Oil
Oil quotes have ambiguous dynamics: after the morning growth, a correction followed, and the asset lost its previously won positions. The American Petroleum Institute (API) report on energy stocks published yesterday recorded their increase by 1.080M barrels instead of the projected decrease by 1.558M barrels, which put pressure on quotes, which then recovered. Currently, prices are falling again as the market continues to be pressured by a new wave of the coronavirus pandemic in China: 26M residents of Shanghai remain in quarantine, and the threat of a decrease in oil consumption in the Chinese economy remains. During the day, the publication of a report on oil reserves from the Energy Information Agency (EIA) is expected. A contraction of 2.056M barrels is forecast, which could provide additional support to oil prices.

🍀 Caterpillar (NYSE: CAT) Lower earnings and share price have helped push Caterpillar stock's price-to-earnings (P/E) ratio down to just 16.2x. With a 2.3% dividend yield and a 27-year streak of dividend increases, and its title as a dividend King, it's also a good value for an investor.

Walmart (NYSE: WMT) Is a recession and inflation resistant business with the ability to continue to deliver good results. Walmart stock has a dividend yield of 1.7%, which isn't a high number, but it's only a few years before Walmart stock is crowned dividend King.

🍀 Chevron (NYSE: CVX) The oil and gas sector is doing well in the stock market, with crude oil and natural gas prices both at their highest levels since 2014. Chevron stock could be a stock. good value despite falling oil and gas prices, the stock currently offers a 4.2% dividend yield.

The pattern is more discernible in a linear chart, but you’d better enter trades based on the candlestick chart (Japanese candlesticks are in the online terminal).
⠀
There is the AUDNZD price chart in example.
⠀
There are two modifications of the pattern. The first is a direct Head and Shoulders pattern where the head is the head and shoulders top (red), it looks like a double top formation. There is also can be an inverse Head and Shoulders pattern (green) that looks like a double bottom pattern, both are reversal patterns.
⠀
Let’s see how you open a buy position according to the signal delivered by the inverse head and shoulders pattern (green):
⠀
✅Find three consecutive extremes, in this case, lows, the middle one should be lower than the other two (higher, if the pattern is direct);
⠀
✅Next, we draw a simple trend line along with the highs, this will be the neckline (purple);
⠀
✅We have a classical resistance line, the buy signal appears when the price breaks this line upside.
⠀
✅Now, the most important! Make sure that there was a clear downtrend ongoing before the first low of the pattern has been formed. And this trend should be at least twice as long as the depth of the middle low of our pattern. If there isn’t such a trend, the pattern will be not valid, and you can't open positions according to it. In our example, there is such a trend and the pattern is valid;
⠀
✅Trading with almost any pattern, you open a position using a pending order, not by the market order, and so, we put bending orders;
⠀
✅A buy limit is put at the level of the next price high after it breaks through the pattern neckline (Buy Price 1);
⠀
✅A take profit for our buy limit is set as follows: Measure the distance between the lowest point of the middle low of the pattern (Head) and the neckline in points using the Ruler tool. Put this distance up from the price of the buy limit. Next, subtract about 15%-20% from this distance and put a take profit (Take Price 1);
⠀
✅A stop loss is set at the level of the low of the entire formation +15%-20% (Stop Price 1)

Mory useful information on our Youtube channel: https://www.youtube.com/c/liteforex

Margin requirements may increase

Dear clients,

Please note that the currency, commodity, and stock markets may get unstable due to geopolitical tension. As a result, there may be wider spreads, higher volatility, lower liquidity, or price gaps.

In the event of such circumstances, the company has the right to:

augment margin requirements in all trading servers;
impose "close only" trading mode;
reduce leverage values;
change margin sizes.

If our liquidity providers should bring in similar changes, LiteFinance will have to comply with new trading terms to provide due coverage.

Please consider this information when making trading decisions and provide enough margin in your trading... Read more http://amp.gs/jZnNZ

LiteFinance launches new mobile app for Android

Dear clients,

We are pleased to inform you that our new Android trading app is ready, and you can download it on Google Play.

We have updated the app's engine, so it is now faster and more productive than the previous versions. Our mobile trading app will be as functional as the desktop version, providing you with technical indicators and graphical analysis tools.

You can currently download both the old and the new version of LiteFinance's mobile app on Google Play, but we advise you to install the latest one and appreciate how fast it works!

LiteFinance App Features

More... Read more http://amp.gs/jZGcA

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METHODS TO AVOID FAKE BREAKOUT FOR TRADERS

1. Wait for the end of the session if it is near the end of the session
At the end of the trading session, the market will be gloomy, the liquidity will be lower and this is the time when large institutions take advantage of the price to push up to create a virtual increase and decrease in price, making traders mistakenly believe that they have broken out and entered orders. Then the price will turn to the opposite direction, they will profit from false breakouts. If it is a day trade, you need to pay attention to the trading volume, but at this time, the price with a breakout should not jump in.

2. Using the moving average tool
Between the two 10-period EMA and the 20-period EMA will create a moving average cloud, when the price breaks out a certain support and resistance but the position of that candle is too far from the cloud, it is possible. possibility is false breakout. The method is applicable to Daily and Weekly frame trading.
3. Use PRICE ACTION tool to confirm
At the breakout area, pay attention to the candles that appear as long bullish, long bearish or long-tailed candles, this is a clue for traders to think whether to trade the breakout or not. Pay special attention to pinbars, pinbar candles help signal a clear false breakout, especially on small timeframes.

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Hotline: 090.9290.851

The dollar is at its best growth rate since 2015.

✅ The dollar index fell on Friday in, but is set for the end of 2021 with a gain of nearly 7% as investors bet the US Federal Reserve will raise interest rates sooner than most of the world. other major economies in the context of rising inflation. with COVID-19 stimulus initiatives.
✅ The dollar index, which measures the greenback against six major rivals, was down 0.289 percent at 95.729.
✅ Best set since 2015, the dollar has been supported by an improving US economy and persistent inflation leading to a turn from hawks to doves by the Fed, now expected will start raising interest rates as early as March.

✅ The euro, which makes up the largest share of the dollar index, is down a little more than 7% in 2021, with the European Central Bank (ECB) sticking to extremely dovish monetary policy settings. peace while the Fed accelerates its contraction and looks to go the long way, no longer expecting to resolve the crisis as soon as possible as before.
✅ The technical chart shows that the slight recovery of this exchange rate is still within the range of the moving averages, but has not broken out of that range => the bottleneck is still being extended. and potentially break out!

✅ My plan from now until the end of the first quarter (until the Fed completes its interest rate hike framework) is to CONTINUE SELL ORDERS