Category: continues
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Bitcoin Price Hits $80K Mark: The Crypto Bull Run Continues
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Bitcoin price is up over 5% and is trading above $80,000. Bitcoin is rising and may aim to move above the $82,000 resistance area in the near term. Bitcoin started a new rally above the $78,500 area. The price is trading above $80,000 and the 100 hourly simple moving average.…
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Bitcoin Price Hits $80K Mark: The Crypto Bull Run Continues
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Bitcoin price is up over 5% and is trading above $80,000. Bitcoin is rising and may aim to move above the $82,000 resistance area in the near term. Bitcoin started a new rally above the $78,500 area. The price is trading above $80,000 and the 100 hourly simple moving average.…
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Bitcoin Acquisition Continues: Semler Scientific Increases Holdings To 1,058 BTC
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Santa Clara-based healthcare technology company Semler Scientific (SMLR) recently revealed that it purchased an additional 47 bitcoins (BTC), bringing its total holdings to 1,058 BTC. Semler Scientific continues to increase its Bitcoin holdings Semler Scientific, a Nasdaq-listed healthcare manufacturer, announced that it has purchased an additional 47 bitcoins for $3…
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Chainlink Comeback Soon? LINK Continues To Exit Exchanges
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On-chain data shows that Chainlink has continued to observe negative exchange flows recently, a potentially bullish sign for LINK’s value. Chainlink exchange net flows have been negative for about a month In new mail On X, market intelligence platform IntoTheBlock discussed the latest trend in Chainlink exchange network flow. “Exchange…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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Super Micro Computer stock continues wild ride as investors weigh AI hype against alleged DOJ probe
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Super Micro Computer ( SMCI ) stock fell 2.5% on Thursday after rising as much as 9% the day before, continuing its rollercoaster ride for a week as investors oscillate between optimism about the company’s strong financial position and caution about regulatory risks. It is said that super micro is…
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USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
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The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look at price…
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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,…