Category: continues
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Forexlive Americas FX news wrap: Oil continues to rally as Middle East response awaited
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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NZDUSD continues lower today. RBNZ 50 BP cut expected next week.
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The Reserve Bank of New Zealand will meet next week and the expectation is for a 50 basis point cut (they will meet on Wednesday in New Zealand). Today, the price fell below a swing zone between 0.6167 and 0.61796. That area will now be nearby resistance. On the downside,…
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EURUSD Technical Analysis – The greenback continues to get beaten up
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Basic Overview Yesterday, the US consumer confidence report surprised markets with the biggest decline since 2021. The labor market data in the report also fell significantly, and it generally leads the unemployment rate. The market has responded by raising the odds of a 50 basis point Fed rate cut in…
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Dollar continues to fall; euro near multi-month high By Investing.com
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Investing.com – The U.S. dollar fell on Wednesday, adding to losses from the previous session, as the euro benefited despite signs of economic weakness in the euro zone. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1%…
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USDCHF continues its up and down trading within trading range
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The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…
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USDCHF continues its up and down trading within trading range
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The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…
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Bitcoin Price Continues Recovery, Breaks Above $60,000 — What Next?
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Much has been made of the Bitcoin price history in September, shedding more light on the largest cryptocurrency by market cap. Despite a somewhat shaky start and generally bearish expectations, the premier cryptocurrency did not have a bad run in this historically negative month. Bitcoin price has been on a…
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Recovery in housing sales continues
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According to the latest housing market survey by the Treasury’s chief economist, 8,909 homes were sold in July 2024, up 29% from July 2023, mainly due to special discount offers offered by builders. The survey shows that the market recovery is continuing, although it should be noted that July 2023…
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Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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Greek barista Kyriakos Giannichronis has seen headlines about his country’s newly booming economy after years of stagnation — but he doesn’t feel wealthy. The Athens resident has only about 150 euros ($170) to spare at the end of the month, despite getting a good deal on rent and earning just…
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Ripple Seeks To Pause Fines As Legal Battle With The US SEC Continues
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In a major turn of events, the payment giant has requested a halt to financial sanctions. Ripple Labs As its long legal dispute with the U.S. Securities and Exchange Commission (SEC) continues. Ripple Takes Bold Step With Residency Application On Wednesday, the Ripple team at letter Apply to stop the…
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Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low
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On-chain data shows that the supply of Bitcoin on exchanges has hit a new low this year as investors continue to withdraw their coins. Bitcoin Exchange Reserve has been on a downward trend recently. As one analyst at CryptoQuant Quicktake explained, mailBitcoin exchange reserves have continued to decline recently. “Exchange…
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The selling and trending in the USDCAD continues. What next?
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Last week, the USD/CAD pair fell sharply, and although the downward momentum may have slowed down a bit over the past couple of days and hours, the downtrend is still intact. Trends are fast, directional, and tend to go further than traders expect or believe. As a result, if you…
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Forexlive Asia-pacific FX news wrap 25 Aug:JPY continues its move higher to start the week
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The start of the trading week was quiet as the market took a breather after the Jackson Hole summit and comments from Federal Reserve chiefs that reinforced the US interest rate cut in September. The market has priced in about a 35% chance of a 50 basis point rate hike,…
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Why the US dollar continues to weaken and the case for more selling from here
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The US dollar fell to new lows on the day across the board (but not yet against the pound). The market continues to digest Powell’s comments, and the front end of the yield curve remains the place where the strongest buying is taking place. The 2-year Treasury note fell 9…
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After yacht sinks off Sicily, search continues for six missing By Reuters
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PALERMO, Sicily (Reuters) – Rescue teams in Sicily were preparing to resume the search for six people missing, including British businessman Mike Lynch and his daughter, after a violent storm hit a luxury yacht and it sank on Monday, killing one person on board. The British-flagged 56-metre (184-foot) sailing ship…
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This New Gambling Token Continues To Grow as Experienced ETH Investors Get Involved
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Mbebe (Mbebe) Mpeppe (MPEPE) is making waves, especially among experienced Ethereum (ETH) investors. As this new coin gains momentum, it is attracting the attention of those with a lot of experience in the crypto space. Here’s why Mpeppe (MPEPE) is becoming an asset to watch. The Role of Ethereum (ETH)…
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USD/JPY tumble continues in drop below 144.00 mark
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USD/JPY Daily Chart The pair has just hit a fresh low for the day at 143.55, threatening a drop of over 2% today alone. This comes as traders are desperate to escape to safety as markets have entered full-blown panic mode. Equity markets have been hammered with the Nikkei down…
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The rotation trade continues to bite with chipmakers on the defensive
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This is one of the most unusual periods the markets have ever seen. It’s hard to pinpoint what’s happening, but consider the following: The Russell 2000 rose 12% in five days. According to John Authers, this move in the past 30 years has been surpassed only by the sudden spikes…
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Ripple (XRP) price gets overbought as whale accumulation continues
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Ripple price saw a strong recovery this week, driven by increased whale activity. Ripple (XRP) price has seen a strong recovery this week, driven by increased whale activity. XRP surged to $0.5705 on Tuesday, its highest level since April 12, marking a 50% gain from its lowest point this month.…
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Ripple (XRP) price gets overbought as whale accumulation continues
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Ripple price saw a strong recovery this week, driven by increased whale activity. Ripple (XRP) price has seen a strong recovery this week, driven by increased whale activity. XRP surged to $0.5705 on Tuesday, its highest level since April 12, marking a 50% gain from its lowest point this month.…