Category: Day
-
Donald Trump Reiterates Support For Crypto, Pledges To Fire Gary Gensler On Day 1
•
Former US President and Republican presidential candidate Donald Trump has reiterated his unwavering support for the cryptocurrency industry. Speaking at a Bitcoin conference in Nashville, Tennessee, the billionaire and former Bitcoin critic outlined several crypto adoption plans he intends to implement in office if elected, some of which include major…
-
Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, USDJPY & GBPUSD
•
In the opening video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair has been trading up and down for the past three days. In favor of the buyers, the low today has…
-
Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher. CHF lower. Stocks rise
•
Over most of the week, fund flows pushed the Japanese yen and Swiss franc higher amid safe-haven flows. The Australian dollar (and the New Zealand dollar) fell as risk-off sentiment took hold on the back of a slowdown in China and lower commodity and stock prices. Today saw a reflection…
-
US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.
•
US stocks closed the week with gains during the day. The S&P and Nasdaq remained lower for the week. The Dow Jones and Russell 2000 index of small companies closed higher, with the Russell 2000 the best performing index among the traded indices on hopes that lower interest rates will…
-
TA of the Day: Carry Trade Unwind Crushes AUD/JPY! What’s Next?
•
the Japanese Yen The pound is currently at its highest level in two and a half months, thanks to traders liquidating their bets against it ahead of the Bank of Japan meeting next week. With the recent sharp decline in global stock markets, market participants have moved away from riskier…
-
The risk mood begins to sour again on the day
•
U.S. futures were largely steady in Asian trading, with S&P 500 futures up 0.2% at the time. This comes despite a heavy sell-off in the region, with the Nikkei closing down more than 3% and hitting its lowest close since late April. This continues to underscore that sentiment is extremely…
-
TA of the Day: Is GBP/USD’s Uptrend Taking a Temporary Pause?
•
GBP/USD The price is wandering around the 1.2900 level, unable to make a decision. Sellers tried to take control, but they couldn’t quite get the job done, failing to close the day below the 1.2900 level. However, the bullish momentum seems a bit weak. Wall Street banks are betting that…
-
Ethereum Flatlines Following Spot ETF Day 1: Full Recap
•
The long-awaited launch of several Ethereum-based ETFs failed to spark a major rally in the price of Ethereum. Despite the “nascent” ETFs’ high trading volumes and large inflows on their first day, Grayscale’s outflows were massive (again) to push the price of Ether higher. Ethereum ETFs Start Strong, But Grayscale……
-
Daily FX Market Review: Pressure Mounts on Bank of Japan as Yen Rises for Second Day
•
the Japanese Yen The pound rose for a second day in a row against the US dollar, supported by comments from a senior Japanese politician. Bank of Japan (BOJ) conducts Urged by Toshimitsu Motegia senior official in Japan’s ruling party, to more clearly indicate his intention. Monetary policy normalization. Normalization…
-
Farnborough Airshow explodes with £39.3bn in deals on opening day
•
The Farnborough International Airshow kicked off with a bang today, with a staggering £39.3 billion ($51 billion) worth of deals announced on its opening day. This impressive figure underlines the event’s status as the pinnacle of the global aviation industry and highlights the resilience and innovation of the UK aviation…
-
TA of the Day: EUR/JPY Near Major Support. Will the Bullish Trend Hold?
•
The EUR/JPY The currency pair, which has been one of the best performing pairs for bulls since the beginning of the year, is now facing a major challenge. ? With the price approaching the edge of an important dynamic support level, the question now is: will the bulls continue their…
-
Kickstart the FX trading day for July 19 w/a technical look at the EURUSD, USDJPY & GBPUSD
•
In my opening video on July 19, I took a look at the three major currency pairs – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair fell, continuing the decline it started yesterday, and in the process tested its rising 200-hour moving average at 1.08794. This moving average will serve as…
-
USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
•
The USD/CAD pair rose during the North American session following weaker-than-expected retail sales earlier today. This, coupled with weaker CPI data earlier this week, paves the way for a Bank of Canada interest rate cut next week (Wednesday). Technically, the price broke a bearish trend line, maintaining the bullish trend…
-
Forexlive Americas FX news wrap: Something of a ‘sell everything’ day
•
Markets: US Dollar Advances, NZD Lags West Texas Intermediate crude oil fell $2.53 to $80.29 a barrel. US 10-year Treasury yields rise 5.3 basis points to 4.24% Gold falls $46 to $2,399 S&P 500 down 0.7% There’s nowhere to hide today as stocks, bonds, commodities and precious metals all plunge.…
-
TA of the Day: Will Ether (ETH/USD) Soar to New All-Time Highs?
•
He is ether (Ethereum/US Dollar) Heading to $5,000 and beyond?! ? in NB For clients, Matt Hogan, chief investment officer of Bitwise cryptocurrency index fund, expects the price of ether to reach an all-time high above $5000 Due to ETF inflows into the Ethereum exchange. Hogan expects the first few…
-
TA of the Day: Can USD/MXN Bulls Hold the Line?
•
US Dollar/Mexican Peso It’s been on the decline since the end of June. Ah Karamba! Recent price action is in favor of the bears, but oversold signals point to a potential pause or even a recovery, so the bulls are whispering, “Wait a minute, my friends!” you welcome in Teaching…
-
Bernie Sanders: Amazon warehouse workers get injured at an ‘outrageous level’ during Prime Day
•
It’s the most wonderful time of the year. Not Christmas, but Amazon Prime Day. At least if you’re a consumer taking advantage of the deals offered by the e-commerce giant, which ranks second on the Fortune 500. And it’s especially lucrative for Amazon, which in 2023 recorded $12.7 billion in…
-
TA of the Day: Litecoin On the Verge of a Breakout?
•
He is Litecoin/US Dollar About to go upside? Litecoin (LTC), Layer 1 cryptocurrencyThe country is witnessing a rise in large money movements. According to In the masson $2.85 billion $100 million worth of Litecoin is transferred daily in large amounts (transactions over $100,000). This represents more than half of the…
-
TA of the Day: Will USD/JPY Bounce After Sharp Sell-Off?
•
There was a significant decrease in USD/JPY Today after the release of weaker-than-expected US CPI data Will USD/JPY bounce back after this sharp sell-off? you welcome in Teaching Assistant for Today (Tauted)! Here is the 4-hour chart: USD/JPY 24/7 Chart by TradingView Using the technical analysis concepts we covered in…