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Kickstart the FX trading day for June 21 w/a technical look at the EURUSD, USDJPY & GBPUSD
In the June 21 kickoff video, I look at the three major currency pairs from a technical perspective and explain what the bias is, what the risks are, and what the objectives are for each. EURUSD corrected higher to test a 61.8% retracement of the up move from the April…
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Bearish Wave Hits Solana: SOL Drops Below $140 – More Losses On The Horizon?
Solana, a leading blockchain platform, is witnessing a major decline as a sustained bearish wave sweeps its market. This decline, driven by a combination of factors, saw the price of SOL fall significantly below the $140 support level. Solana price struggled to find stability, as it broke through key support…
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Is Apple Stock Going to $240? 1 Wall Street Analyst Thinks So.
apple (Nasdaq: Apple) Stock finally Join the Artificial Intelligence (AI) race.. Advertise your association with OpenAI Earlier this month, the iEverything giant said it would integrate ChatGPT AI into future high-end models of the iPhone, iPad, and Mac. The stock price rose nearly 9% in response to the news, and…
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Explainer-How US industries deal with extreme heat By Reuters
Written by Granth Vanek and Ariana McLemore Extreme heat has caused companies in the United States to change the way they operate. One frequent response: Work less. Here’s how heat is affecting several large industries and what to do about it: * Construction: Work on construction projects slows. What normally…
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Shiba Inu Community Proposes SHIB Burn Via Binance And Coinbase
the Shiba Inu (SHIB), a popular coin and decentralized cryptocurrency on the Ethereum blockchain, has an enthusiastic community that is actively exploring innovative ways to reduce the large circulating supply of the token, with the aim of enhancing the value of the remaining tokens. One such initiative that has gained…
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Shiba Inu Community Proposes SHIB Burn Via Binance And Coinbase
the Shiba Inu (SHIB), a popular coin and decentralized cryptocurrency on the Ethereum blockchain, has an enthusiastic community that is actively exploring innovative ways to reduce the large circulating supply of the token, with the aim of enhancing the value of the remaining tokens. One such initiative that has gained…
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Real estate stocks edge down, while major market averages gain marginally (NYSEARCA:XLRE)
the horror Real estate stocks fell in the week ending June 21 after mixed economic data and the latest housing market update, while the major market averages rose marginally. Selected Real Estate Sector Fund SPDR Fund ETF (NYSEARCA:XLRE) I finish Shortened vacation week 0.13% Lower at $38.48. The fund posted…
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US major indices are mixed at the start of the trading day
Major US indices are trading little changed ahead of preliminary Purchasing Managers’ Index (PMI) and existing home sales data. The Dow Jones Industrial Average rose 2.0 points, or 0.01%, to 39,141 The S&P 500 fell -6.5 points, or -0.13%, to 5,466.06. The Nasdaq index fell by -15.48 points, or -0.09%,…
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Crypto cyber gang FIN9 indicted in a $71m operation
The FBI has charged four members of the notorious FIN9 group with organizing cryptocurrency-related hacking attacks on US companies, resulting in losses of more than $71 million. FIN9 members – Ta Van Thai, Nguyen Viet Quoc, Nguyen Trang Xuyen, Nguyen Van Trung – allegedly hacked into the computer networks of…
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CDK to pay tens of millions to hackers who crippled car dealerships
A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the amount, said the person, who asked to remain anonymous because…
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CDK to pay tens of millions to hackers who crippled car dealerships
A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the amount, said the person, who asked to remain anonymous because…
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Deutsche Bank says S&P 500 pullback is coming By Investing.com
Strategists at Deutsche Bank suggest that the pair could be on the cusp of another pullback, following a previous successful prediction earlier in April when they predicted a pause in the market rally. Their predictions proved accurate as the S&P 500 saw a 4.6% decline in the two weeks following…
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The Most Important Crypto News This Week (June 15-22)
This week has been very exciting in terms of developments in the cryptocurrency industry. Below, we take a look at some of the most important cryptocurrency news of the past seven days. Let’s dig deeper. Top cryptocurrency news this week The list is arranged chronologically, starting June 15. Cryptocurrency investments…
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James Mose: CEO who is his son’s caddie
I read something once: “Home has a physical definition; A house has a spirituality.” So a house can be easily described: made of wood, concrete, and both. A house? Well, this is what remains when the house is no longer there. James Moss seems to think about his home a…
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US June S&P Global flash services PMI 55.1 vs 53.7
Highest level in 26 months The previous one was 54.8 Manufacturing 51.7 vs. 51.0 expected Previous manufacturing was 51.3 Composite 54.6 vs 54.5 Sale prices are “at one of their lowest levels in the past four years” and their lowest level in five months “Business confidence improves for next year,…
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Fidelity Discloses $4.7 Million Seed Capital In Amended ETH ETF Filing
Asset management firm Fidelity has made additional amendments to its application for an Ethereum (ETH) exchange-traded fund (ETF). The move comes as the investment giant and other suitors wait for the green light from the Securities and Exchange Commission (SEC) to begin trading the ETH ETF in the US. Fidelity…
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Fidelity Discloses $4.7 Million Seed Capital In Amended ETH ETF Filing
Asset management firm Fidelity has made additional amendments to its application for an Ethereum (ETH) exchange-traded fund (ETF). The move comes as the investment giant and other suitors wait for the green light from the Securities and Exchange Commission (SEC) to begin trading the ETH ETF in the US. Fidelity…
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Tata Steel Workers to Strike for First Time in 40 Years Over Job Cuts
In a historic move, about 1,500 Tata Steel workers will begin an indefinite strike next month in response to the company’s plans to cut thousands of jobs. This will be the first strike by UK steelworkers in more than 40 years, according to the trade union Unite. The strike, scheduled…
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EV wave still on horizon, but smaller than prior tsunami By Investing.com
Bank of America analysts are anticipating a slower wave of electric vehicles (EV) than previously expected in their latest note covering the sector. While electric and hybrid vehicles will still account for nearly 60% of new car offerings by 2028, the bank notes that this represents a decline from 64%…
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Blockchain Firm Says Bitcoin Price Might Be Headed For $60,000
Bitcoin’s price performance over the past week failed to bring glory to the cryptocurrency market, as the leading cryptocurrency struggled once again. This trend has been reflected in almost all large-cap assets, many of which have experienced significant losses. Unfortunately, recent price action data indicates that the price of Bitcoin…