Category: High
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US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
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The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
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Tron Processes Nearly $100 Billion In Trading Volume Last Week, TRX Ready For New All-Time High?
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TRX, the native currency of the TRON network, is stable at press time and trending at all-time highs. After the blowout in Q3 204, the uptrend remains in place, and buyers are confident that there will be more gains in the coming days. Tron settles approximately $100 billion USD in…
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The GBPUSD held support at the 100 hour MA today and is trading to a new high
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In the video earlier this morning, I highlighted the 1.3348 level as a key bearish gauge for GBP/USD today. A move below this level would be more bearish. Holding above it would be more bullish. Here is the reference for this level: Looking at the current hourly chart below, the…
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One Week Left Until ‘Uptober’: Analyst Shares How High The Bitcoin Price Can Go
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The fourth quarter (Q4) of each four-year cycle has historically always been rising For Bitcoin (BTC). With Uptober just a week away, one cryptocurrency analyst has shared his predictions for… What is the maximum price of Bitcoin? During this usually bullish season. Here’s How High Bitcoin Could Rise in October…
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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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Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer By Investing.com
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Most Asian currencies rose slightly on Wednesday as the dollar was hurt by continued bets on interest rate cuts, while China’s yuan hit a 16-month high on optimism about more stimulus measures. The Australian and New Zealand dollars made strong gains thanks to their exposure to China, while the Japanese…
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Australia’s Inflation Is Broadly Cooler But Still High In August
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The Australian Bureau of Statistics (ABS) showed that headline inflation was 2.7% year-on-year in Augustslower than the 3.5% increase in July, but in line with the latest market estimates. Except for volatile elements and holiday travel, Consumer prices rose 3.0% in Augustslower than the 3.7% rise in July. Meanwhile, Reserve…
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Australia’s Inflation Is Broadly Cooler But Still High In August
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The Australian Bureau of Statistics (ABS) showed that headline inflation was 2.7% year-on-year in Augustslower than the 3.5% increase in July, but in line with the latest market estimates. Except for volatile elements and holiday travel, Consumer prices rose 3.0% in Augustslower than the 3.7% rise in July. Meanwhile, Reserve…
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Bitcoin Eyes $65,000 For Bullish Breakout – Metrics Reveal High Liquidity Above This Level
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Bitcoin has seen a massive 11% price surge since Tuesday, following the Federal Reserve’s announcement of a 50 basis point interest rate cut. The news boosted investor confidence, sending Bitcoin above $60,000 — a key psychological level that has changed market sentiment. Now, Bitcoin is testing its local supply levels,…
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Bitcoin Eyes $65,000 For Bullish Breakout – Metrics Reveal High Liquidity Above This Level
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Bitcoin has seen a massive 11% price surge since Tuesday, following the Federal Reserve’s announcement of a 50 basis point interest rate cut. The news boosted investor confidence, sending Bitcoin above $60,000 — a key psychological level that has changed market sentiment. Now, Bitcoin is testing its local supply levels,…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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China’s youth unemployment rate hit a fresh high in the latest data
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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…
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ForexLive Asia-Pacific FX news wrap: Gold hits a new record high
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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…
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Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000
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This article is also available in Spanish. Bitcoin (BTC) You may be preparing for your last explosive rally. Four year market cyclewhich traditionally begins at the start of the halving event and ends before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could rise…
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Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000
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This article is also available in Spanish. Bitcoin (BTC) You may be preparing for your last explosive rally. Four year market cyclewhich traditionally begins at the start of the halving event and ends before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could rise…
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Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000
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This article is also available in Spanish. Bitcoin (BTC) You may be preparing for your last explosive rally. Four year market cyclewhich traditionally begins at the start of the halving event and ends before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could rise…
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Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000
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This article is also available in Spanish. Bitcoin (BTC) You may be preparing for your last explosive rally. Four year market cyclewhich traditionally begins at the start of the halving event and ends before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could rise…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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USDJPY rotating back to the downside after extension to a new high stalls
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In the morning video, I talked about the 50% midpoint of the move up from the January 2023 low at 144.581. The price has been trading above and below this level over the past two months, but this week’s rally has returned to the level, giving traders a choice: Based…