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USDJPY Technical Analysis – The price is consolidating at a key trendline
Basic Overview The US dollar fell last week after another weak US CPI report and positive jobless claims numbers. The market has not only fully priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we have…
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Analyst Says Solana Price Could Rise 450% To $840
Solana has undoubtedly been one of the winners of this cycle after surging over 1,000% in a single year. Moreover, the bullish momentum was accelerated by multiple viral meme coins on the Solana blockchain that reached a market cap of $1 billion over the past year. While the price of…
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Analyst Says Solana Price Could Rise 450% To $840
Solana has undoubtedly been one of the winners of this cycle after surging over 1,000% in a single year. Moreover, the bullish momentum was accelerated by multiple viral meme coins on the Solana blockchain that reached a market cap of $1 billion over the past year. While the price of…
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June CPI up 0.1% as housing prices jump again
Israel’s consumer price index rose 0.1% in June, in line with expectations. In the 12 months to the end of June 2024, the inflation rate rose slightly to 2.9% from 2.8% at the end of May, according to figures released by the Central Bureau of Statistics today. Inflation thus remains…
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Exclusive-In blow to Biden, Teamsters consider no endorsement in 2024 race By Reuters
By Trevor Hunnicutt and Garrett Renshaw WASHINGTON (Reuters) – President Joe Biden is on the verge of failing to win a key union endorsement as leaders of the 1.3 million-member Truck Drivers Association consider not backing any candidate at all in the U.S. presidential race, two people familiar with the…
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PEPE Vs Shiba Inu: Battling For Memecoin Supremacy
The cryptocurrency world has been mesmerized by the rise of memecoins, with Shiba Inu (SHIB) And PEPE Coin In this comprehensive analysis, we delve into the current market dynamics, on-chain metrics, and future prospects of SHIB and PEPE, with the aim of determining which memecoin might have the upper hand…
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rises to $63k on prospect of Trump presidency By Investing.com
Bitcoin prices rose on Tuesday, supported by the prospect of more friendly cryptocurrency regulations in the United States, as traders anticipate Donald Trump will win a second term in the 2024 presidential race. Reports also showed that the SEC was close to approving an exchange-traded fund that directly tracks the…
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Asia FX muted as dollar perseveres; yen on intervention watch By Investing.com
Most Asian currencies moved in a flat-to-low range on Tuesday as speculation about a Donald Trump presidency helped lift the dollar, outweighing growing bets on interest rate cuts. The Japanese yen underperformed its peers, pressured by a stronger dollar, prompting continued warnings from authorities about intervening in the currency market.…
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Bitfinex expects news-driven Bitcoin gains, but warns of potential selling pressure
The start of the week saw Bitcoin rise above $63,000, but analysts at Bitfinex warn that the market could face a correction as the week progresses. Bitcoin has gained 5% in the past 24 hours and 13% over the past week. The gains came amid a combination of factors including…
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Watch These Berkshire Hathaway Price Levels After Stock Closes at Record High
Source: TradingView.com Main Takeaways Berkshire Hathaway Inc. shares closed at a record high on Monday, boosted by gains in some of the company’s key holdings. The stock broke through a symmetrical triangle, a chart pattern that indicates a continuation of the current uptrend. The measuring principle projects a near-term price…
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Asian stocks drift higher as rate cut bets grow; China lags By Investing.com
Most Asian stocks rose on Tuesday, tracking gains on Wall Street amid growing expectations of an interest rate cut in September, while Chinese markets lagged on concerns about a slowing economy and headwinds from U.S. politics. Regional markets took positive cues from a strong close on Wall Street, after dovish…
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This Is The Latest Ethereum Layer 2 Protocol to Surpass the $1 Billion TVL Mark
Scroll, a ZK rollup layer 2 network, has surged 23% in value over the past seven days to a total value of $1.03 billion, according to data from L2Beat. Meanwhile, the total value locked across all Ethereum 2 layers increased by 12.04% over the past week to $42.04 billion. Scroll…
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This Is The Latest Ethereum Layer 2 Protocol to Surpass the $1 Billion TVL Mark
Scroll, a ZK rollup layer 2 network, has surged 23% in value over the past seven days to a total value of $1.03 billion, according to data from L2Beat. Meanwhile, the total value locked across all Ethereum 2 layers increased by 12.04% over the past week to $42.04 billion. Scroll…
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Elon Musk said to commit around $45M per month to pro-Trump Super PAC: reports
Abu Gomez/Getty Images News Elon Musk, the tech company’s CEO, plans to contribute about $45 million a month to a super PAC that backs President Trump, the Wall Street Journal reported, citing people familiar with the matter. Musk, who leads Tesla (NASDAQ: Tesla), SpaceX (space), xAI and X, are backing…
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Daily Broad Market Recap – July 15, 2024
Markets began the week pricing in an assassination attempt on Trump over the weekend, but price action quickly took cues from speculation of a Fed rate cut. Which assets benefited from the momentum, and which assets saw losses today? We have a summary for you! headlines: BusinessNZ Services Index in…
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Michael Saylor Says Crypto Is The ‘Bridge From Chaos To Hope’
Bitcoin has surpassed $60,000, sparking renewed interest and speculation among Bitcoin enthusiasts. In this context, MicroStrategy CEO and co-founder Michael Saylor pointed out something of universal relevance: “Bitcoin is “A bridge from chaos to hope.” The fact that Sailor tweeted like this shows how seriously he takes the possibility. Bitcoin…
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Michael Saylor Says Crypto Is The ‘Bridge From Chaos To Hope’
Bitcoin has surpassed $60,000, sparking renewed interest and speculation among Bitcoin enthusiasts. In this context, MicroStrategy CEO and co-founder Michael Saylor pointed out something of universal relevance: “Bitcoin is “A bridge from chaos to hope.” The fact that Sailor tweeted like this shows how seriously he takes the possibility. Bitcoin…
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Elon Musk is donating millions to Trump-supporting PAC
Tesla CEO Elon Musk has donated $45 million to a super PAC dedicated to re-electing former President Donald Trump, a remarkable shift in the political landscape by the world’s richest person. According to a Wall Street Journal a reportCiting people familiar with the matter. Just days before his public endorsement…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Bitcoin 2024 to Host ‘Bitcoin Propaganda Track’ In $5,000 Winner Take All Challenge
Bitcoin 2024The world’s largest Bitcoin conference will feature a new creative competition at this year’s event, designed to mobilize and inspire a wider audience around Bitcoin: the Bitcoin Hype Track. The Bitcoin Propaganda Track competition invites content creators to submit original videos and memes that uniquely showcase Bitcoin and the…