Category: Day
-
US dollar rebounds to the highs of the day as enthusiasm for 50 basis points fades
•
The market took a long look at the August nonfarm payrolls data and decided it wasn’t weak enough to price in a 50 basis point rate cut by the Federal Reserve this month. Initially, the softer headline number and downward revision sent the odds of a 50bp rate up to…
-
Politicians, Founders Motivate Crypto Voters on Day One of the America Loves Crypto Tour
•
On a 100-degree evening in Phoenix, Arizona crypto enthusiasts turned out in a frenzy for the first night of America loves cryptocurrencies a trip. The tour organized by Stand with the Crypto AllianceA nonprofit organization aiming to get America’s 52 million cryptocurrency holders out to the polls in November will…
-
Another 7 Day 5.44% Low For ETH As Whales Shift Towards This 100x Meme Bomb
•
This article is also available in Spanish. Often hailed as the king of altcoins, Ethereum (ETH) has been experiencing a turbulent period recently. Over the past seven days, Ethereum’s value has dropped by 5.44%, causing concern among investors and enthusiasts. Despite being one of the most established and widely used…
-
Nvidia testing/breaking its 100 day moving average. Microsoft also testing a key MA level
•
Nvidia stock is currently trading down $9.02 or -7.56% at $110.37. This is right at its 100-day moving average of $110.36. The low of $109.40 is below this moving average. Bearish The current decline is on track for its worst trading day since April 19, 2024, when the price fell…
-
Bitcoiners and Wobblies: Labor Day Edition
•
I recently read about the origins of the American labor movement. Specifically, the birth of the Industrial Workers of the World and a group called the Wobblies, a nickname given to members of the IWW. At its peak, the IWW had over 150,000 members in 1917, with worldwide membership and…
-
CME Globex Labor Day holiday hours – open Sunday evening for Tuesday trade date
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
On the first day without X, many Brazilians say they feel disconnected from the world
•
Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Gabriela Sa Pessoa Published on August 31, 2024 • Last updated 10 hours ago • Read for 5 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content SAO…
-
TA of the Day: Is the Uptrend in GBP/USD Over?
•
sterling The pound has reached its highest level against the US dollar in about two and a half years, and is also performing well against the euro. The rise in the pound is largely driven by speculative bets on interest rates based on expectations that the Bank of England will…
-
Gold climbs to the highs of the day, nears new record
•
gold 10 minutes The daily chart of gold has had a nice turnaround. It dropped about $15 after a round of USD buying on the back of good GDP data, but has since regained all that and more. The bids came in just before $2,500, and now the price is…
-
TA of the Day: Is the S&P 500 Set to Resume Its Rally After Edging Lower?
•
the Standard & Poor’s 500 Saudi Arabia’s stock market took a breather and fell slightly on Monday after the cloud of bullish magic that two prominent central bankers sprayed on markets last week began to subside. Last Friday, Federal Reserve Chairman Jerome Powell and Bank of Japan Governor Ueda made…
-
US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows
•
U.S. Bitcoin ETFs posted their sixth straight day of net inflows on August 23, totaling about $65 million. This steady stream of positive inflows highlights the growing institutional demand for structured exposure to Bitcoin. BlackRock’s iShares Bitcoin Trust (IBIT) has seen $75.5 million in inflows in the past few days.…
-
US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows
•
U.S. Bitcoin ETFs posted their sixth straight day of net inflows on August 23, totaling about $65 million. This steady stream of positive inflows highlights the growing institutional demand for structured exposure to Bitcoin. BlackRock’s iShares Bitcoin Trust (IBIT) has seen $75.5 million in inflows in the past few days.…
-
TA of the Day: Is GBP/USD’s Bull Run Sustainable? Watch These Critical Levels!
•
the GBP/USD The pound has risen sharply over the past two weeks, but its rise has slowed slightly to near last year’s high of 1.3143. Despite the pair’s decline, the price action indicates a very strong bullish sentiment in GBP/USD pair. However, this optimism may be short-lived, as the less…
-
TA of the Day: Is GBP/USD’s Bull Run Sustainable? Watch These Critical Levels!
•
the GBP/USD The pound has risen sharply over the past two weeks, but its rise has slowed slightly to near last year’s high of 1.3143. Despite the pair’s decline, the price action indicates a very strong bullish sentiment in GBP/USD pair. However, this optimism may be short-lived, as the less…
-
TA of the Day: Gold Surges to New Highs! Is a Reversal in Sight?
•
Gold diggers – literally and figuratively – should be in high spirits right now! ? Gold continues to hit new record highs, rising above $2,500, driven by a weaker US dollar and expectations of a Federal Reserve rate cut in September. With its reputation as a stable investment during turbulent…
-
Pound approaches the 2023 high in fifth straight day of gains
•
We have reached the point where we need to zoom out to paint a clear picture of the forex market. A great example of this is Cable, where the daily chart shows that we are only 60 pips away from the July 2023 high. GBPUSD Daily If this is broken,…
-
Fertilizer Canada says rail stoppage to cost industry up to C$63 million a day By Reuters
•
(Corrects currency to Canadian dollars from US dollars in title and paragraph 1) Written by Merinalika Roy Canadian Fertilizers warned Tuesday that disruptions affecting all rail services across the country will cost the fertilizer industry an estimated C$55 million (US$40.34 million) to C$63 million (US$46.21 million) in lost sales revenue,…
-
TA of the Day: Is EUR/USD’s Steep Ascent Setting Up for a Reversal?
•
The US dollar is falling sharply, causing the EUR/USD pair to rise. The dollar’s weakness has fueled dovish comments from Fed officials, especially on the gradual approach to interest rate cuts. This sentiment is supported by recent US economic data (covered in our weekly summary) which points to a decline…
-
TA of the Day: Bearish Momentum Builds in Bitcoin
•
US government Over 10,000 Bitcoins Moved Recently (BTC) from a government-linked wallet, a transaction worth about $600 million, to a Coinbase Prime-linked wallet. The move follows a previous $2 billion transfer in late July. The U.S. government currently holds about $12 billion in bitcoin, much of it from law enforcement…