Category: key
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AUDUSD Technical Analysis – The pair bounced from the key support
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Basic Overview The US dollar remains in a bearish mood as US data points to continued strong growth with low inflation. Yesterday, we got a good US retail sales report which suggests that stories of deteriorating consumer spending are overblown. Overall, this should support a soft bearish narrative and be…
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USDJPY Technical Analysis – The price is consolidating at a key trendline
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Basic Overview The US dollar fell last week after another weak US CPI report and positive jobless claims numbers. The market has not only fully priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we have…
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Argentina Leads Key Crypto Adoption Metric in Western Hemisphere: Forbes
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According to Forbes data, Argentina currently has the highest cryptocurrency adoption rate of any country in the Western Hemisphere. The rising inflation of the local currency, the peso, and the complicated access to the dollar have been among the primary drivers behind the current adoption of crypto assets, especially USDT.…
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Goldman Sachs says this is ‘a key indicator for the durability of the AI trade’ By Investing.com
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Goldman Sachs analysts have identified a key metric to gauge the longevity of AI trading: sales review. According to a report released Wednesday, while the AI sector has seen significant growth, especially in the infrastructure phase, there are still doubts about its long-term profitability. The report examines four phases of…
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NASDAQ index bounces back strongly.The selling could not extend below key target yesterday
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Nasdaq pulls away from 50-hour moving average The Nasdaq has made a quick recovery today and is currently trading up about 200 points or 1.08%. The highs have just reached 18486.45. As shown in yesterday’s video (“What Might Make the Nasdaq Fall Today and In the Future”), yesterday’s low broke…
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UBS answers 10 key investors questions By Investing.com
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In a note to clients this week, analysts at UBS addressed a range of investor concerns, and offered insights on how to navigate the complex market landscape. Geopolitical risk and portfolio resilience: As geopolitical tensions persist, UBS warns against reactive shifts in portfolios. Instead, investors should focus on building resilient…
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Key Shiba Inu Metrics Plummet as SHIB Price Heads South: Details
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Long summary Shiba Inu (SHIB) saw a 2% price drop on July 12, alongside declines in key metrics on the Shibarium network. Despite the decline, technical analysis tools indicate a possible price recovery in the near term. Signs of decline Second largest meme coin in Terms Shiba Inu, a cryptocurrency…
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Key Shiba Inu Metrics Plummet as SHIB Price Heads South: Details
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Long summary Shiba Inu (SHIB) saw a 2% price drop on July 12, alongside declines in key metrics on the Shibarium network. Despite the decline, technical analysis tools indicate a possible price recovery in the near term. Signs of decline Second largest meme coin in Terms Shiba Inu, a cryptocurrency…
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Eurofins Provides Update to Key Stakeholders on Current and Upcoming Actions Following Communications Published by Muddy Waters Since 24 June 2024
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Luxembourg-(Business): Regulatory News: Eurofins (Paris:ERF): As in previous press releases published by Eurofins on 25 June 2024, 03 July 2024 and 05 July 2024 in response to the unsubstantiated reports by Muddy Waters (NYSE:), LLC (MW), Eurofins would like to provide clear and direct communication on matters of utmost importance…
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Blackstone taps Citi veteran Tyler Dickson for a key role in credit business By Reuters
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(Reuters) – Private equity firm Blackstone said on Tuesday it has hired Tyler Dixon, the former global head of investment banking at Citigroup, to lead client relationships for its credit and insurance unit. The new role will oversee the Institutional Client Solutions team at Blackstone Credit & Insurance (BXCI), and…
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Key senators reach agreement on spending levels for next year, setting up clash with House
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Breadcrumbs Path Links PMN Business Article author: Associated Press Kevin Freaking Published on July 9, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — The U.S. Senate plans to increase…
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Pinterest strengthens UK sales team with key senior hires
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Pinterest is strengthening its UK sales team with two new hires this summer. Caroline Orange-Northy has been appointed retail sales director, while Noreen Mohammed will take on the role of consumer packaged goods sales director. Caroline Orange Northey joins Pinterest from Amazon Ads, where she spent nine years as part…
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Dollar stabilizes ahead of key inflation data; euro gains By Investing.com
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Investing.com – The U.S. dollar was steady in early European trade on Monday ahead of key inflation data, while the euro rose as traders digested the results of the French parliamentary election. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other…
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XRP Bulls Face Continued Pressure: Key Challenges Ahead
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XRP price is struggling to stay below the $0.4250 support area. The price is trying to consolidate its losses and may struggle to recover above the $0.450 resistance level. XRP price struggled to recover above the $0.450 level and started another decline. The price is now trading below the 0.4250…
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XRP Bulls Face Continued Pressure: Key Challenges Ahead
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XRP price is struggling to stay below the $0.4250 support area. The price is trying to consolidate its losses and may struggle to recover above the $0.450 resistance level. XRP price struggled to recover above the $0.450 level and started another decline. The price is now trading below the 0.4250…
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What is the Key to Bitcoin’s Next Bull Rally? Analysts Chip In
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Bitcoin’s price has been stagnant since its peak in March due to tighter US monetary policy, which has reduced the supply of stablecoins, according to CryptoQuant analysts. “The reason why Bitcoin has not been able to rise further is mainly due to the tightening of monetary policy in the United…
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What is the Key to Bitcoin’s Next Bull Rally? Analysts Chip In
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Bitcoin’s price has been stagnant since its peak in March due to tighter US monetary policy, which has reduced the supply of stablecoins, according to CryptoQuant analysts. “The reason why Bitcoin has not been able to rise further is mainly due to the tightening of monetary policy in the United…
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USDCAD bounces higher after testing key technical support. Can the buyers keep pushing?
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The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the swing area. The combination of US and Canadian jobs data…
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Key events and releases for traders in the upcoming trading week
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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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GBPUSD Technical Analysis – We are approaching a key resistance
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Basic Overview The US dollar fell broadly after weak US jobless claims and the Institute for Supply Management’s services PMI. Overall, the data did little to change interest rate expectations, but it reinforced the view that the Federal Reserve will cut rates at least twice by the end of the…