Bitcoin price is trading within a range with expectations of a sideways weekend before eventful week starting Monday. Hong Kong BTC and ETH ETFs to start trading on Monday before Fed meeting next week. In past cycles, BTC has dropped 20% to 25% as part of immediate post-halving correction. A 20% drop from $73,777K ATH
Month: April 2024
The JPY pairs all rose sharply (JPY lower) as JPY selling continued after the BOJ rate decision. The comments from BOJ Ueda did not strike any fear in traders hearts, after saying that the JPYs fall could lead to higher inflation, but expressed no concerns about its fall. After, an initial dip soon after the
The US major stock indices surged higher today led by the NASDAQ index which rose over 2.0%. The catalyst was lower than anticipated core PCE data released by the Federal Reserve. That inflation measure is the favor measure of inflation by the Fed. Given the GDP day yesterday with the quarterly core PCE data higher
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
The EURJPY has reached a high of 168.8942. That is down the price within the 100 pips of the high price going back to July 2008 at 168.941. Trading above that level would take the pair to the highest level since September 1992. Traders may look to lean against the high ceiling area from 2008
The NZDUSD this week moved higher on Thursday and moved up to test the 50% midpoint of the April trading range at 0.59668, before backing off on the stronger US GDP and price data. The price retraced the entire move to the downside with momentum in the Asian session today. That follow-through upside move took
The USDJPY has and continues to make new highs going back to 1990. GBPJPY trades at the highest level since 2008 Today, the GBPJPY joined the USDJPY in making a new multi-year high. For the GBPJPY, it traded to its highest level since September 2008 (highest level in 2008 or nearly 16 years). Looking at
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
The USDJPY continues to run to the upside with the currency pair now up 1.32% on the day. That is the largest increase since the end of October when the pair moved up 1.75%. It is Golden Week next week and markets are closed on Monday in Japan. The Bank of Japan kept rates unchanged.
The USD is moving to the upside, and in the process is shifting the technical bias more in the direction of the buyers. In this video I take a look at five of the major currency pairs including the EURUSD, USDJPY, GBPUSD, USDCHF, and USDCAD. EURUSD: The EURUSD is now below its 100 hour moving
Offchain Labs team disclosed two serious security vulnerabilities in Optimism to OP Labs, occurred on March 22. The vulnerabilities were found in Optimism fraud proof system deployed on the testnet. OP wiped out nearly 2% of its value in the past day. Offchain Labs announced in a tweet on X and on a Medium blog
The USDCHF made on low on Tuesday against its rising 100 bar moving average on the four hour chart. Today, the low price today also found support against its 100 bar moving average on a four hour chart. That sets the moving average as a key barometer on the downside going forward. On the topside
NASDAQ index is pushing higher The NASDAQ index is currently up 300 points or 1.92%. That’s the largest percentage gain since February 22. For the training week, the NASDAQ in is now up 4.17% which represents the largest weekly gain this year and the highest since October 30, 2023. Technically, the price is now trading
USDJPY dipped on the BOJ rate decision but bounced near MAs The USDJPY has continued its march the upside with a run to a new session high. Earlier today, the Bank of Japan Policy was unchanged. The initial reaction was a run to the downside with the low price reaching 154.96. That took the price
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. The US Q1 GDP surprisingly missed expectations although the
The volatility swing is in full action for the Japanese yen right now. USD/JPY saw a very quick drop from around 156.60 to 155.00 before being just as quickly bought back up now to 156.10-20 levels. It’s not immediately clear if this was a first check by Japanese officials. But the size of the drop
XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday. Ripple’s clients will have the option to choose between using the stablecoin and XRP depending on what works best, Schwartz said. Ripple price (XRP) edges higher near the $0.53
The earnings season is about to peak, with two major players, Microsoft and Amazon, set to release their first-quarter results today after the closing bell. Approximately 180 companies from the S&P 500 are presenting their financials this week, with the spotlight, as usual, on Big Tech. The S&P 500 index barely edged into positive territory
Today’s surprise drop in Japanese CPI sparked some major worries about the ability of the Bank of Japan to remain hawkish and support the currency. However yesterday Morgan Stanley MUFG Securities economists warned there could be quirks in the data. High school tuition in Tokyo was effectively eliminated in Tokyo and took effect in April.
USD/CAD remains on the defensive around 1.3655 on Friday amid the weaker USD. US GDP number expanded by 1.6% on an annualized basis in Q1 2024, compared to 3.4% growth in Q4 2023. The weaker Canadian Retail Sales data triggered speculation that the BoC might start cutting interest rates in June. The USD/CAD pair extends its downside near 1.3655 on Friday
The USDCAD has been trading up and down over the last few days of trading. The volatility intensified today with a move lower into retracement and swing area support, followed by a move higher into swing area resistance, followed by another move lower into the same retracement and swing area support as the initial move
The USD moved higher on the back of the core PCE data within the US GDP report. However, those gains have nearly been erased. Although the yields are still higher, they are off their highest levels. US stocks have also erased some of their declines with the NASDAQ index now down -1.10% or -167 points.
European indices are closing lower on the day: German DAX, -0.91% France CAC, -0.93% UK FTSE 100, +0.48% Spain’s Ibex, -0.40% Italy’s FTSE MIB, -0.97% European yields are also higher: German 10 year yield reached a high of 2.647%. That was the highest level going back to November 27. Current yield 2.67% France’s 10-year yield
Cardano holders have consistently realized losses and shed ADA holdings nearly every day in April. On-chain metrics show 40% of the wallets holding ADA are currently profitable, nearly 60% remain underwater. ADA has seen an increase in large wallet transactions alongside a price decline, whales are likely buying the dip. Cardano (ADA) investors have shed
Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela. The Kinesis Mint will independently manufacture the official House of Mandela collector coins in fine gold and silver. Commencing with the
INFINOX is Delighted to announce the appointment of Mayne Ayliffe as the new Global Head of HR, based in the Dubai operations office, overseeing the Group’s Human Resources function. Mayne is a seasoned HR professional with a decade of experience across the finance and professional service industries. Throughout her career, she has consistently demonstrated a
Real estate investment has long been a cornerstone of wealth construction, supplying balance, tangible property, and the potential for appreciation. However, the conventional real estate marketplace has frequently been characterized by boundaries to entry, illiquidity, and high transaction fees. The emergence of the blockchain era and cryptocurrency is reworking the real property landscape, making it
A global leader in online trading is celebrating a host of remarkable milestones already achieved in the first quarter of 2024 after being recognised for its services with a number of prestigious industry awards. The broker has further solidified its position as a trusted and reliable choice for traders around the world, as acknowledged by
And that is seeing AUD/USD buyers capitalise a little in pushing price back towards the 200-day moving average (blue line), seen at 0.6526 on the day. The pair saw price movement capped by the key technical level yesterday and here we are testing it again. As much as buyers look to be trying, they’d need
Leading financial service provider, easyMarkets, has reported an increase in client trading volume across a range of financial instruments during the first quarter of 2024. Q1 2024 saw a surge in trading volumes for easyMarkets, particularly in cryptocurrencies and major market indices. Notably, NASDAQ recorded a 63.20% increase compared to the same time last year,
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 10
- Next Page »