Category: today
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USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range
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Heading into the end of the trading week, the US dollar rose against the Canadian dollar after hitting a new low during the previous week on the trading day. On the way to the bottom, the price returned below the 200-bar moving average on the 4-hour chart at 1.3687. It…
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GBPJPY tests the highs from last week after dip today bounced off MA support
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GBPJPY was in an uptrend this week, but turned lower during the European session after weaker than expected preliminary PMI data. The price fell below the 100-hour moving average (blue line on the chart above at 200.77) but found support near the 200-hour moving average and the lower end of…
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PMIs back on the agenda in Europe today
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The dollar continues to remain somewhat resilient during the week, with major currencies not showing much appetite. USD/JPY remains outstanding, with the pair rising to 159.00 – its highest level since Japan’s intervention on April 29. There is nothing stopping traders from dancing to the beat there. In other markets,…
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How has the BOE rates pricing changed after the inflation data today?
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Let’s just do a quick check of things based on current prices: August – 25 basis point rate cut: ~32% (previously ~46%) September – 25 basis points rate cut: ~80% (previously ~88%) Total interest rate cuts for the remainder of 2024: ~44 basis points (previously ~48 basis points) Prospects of…
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UK inflation the main highlight of the agenda today
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The major currencies look somewhat calm, and that is understandable. Today will be a placeholder trading day due to it being a holiday in the US. This makes the week a bit strange, as we have a break in the middle. The dollar remains more mixed overall during the week,…
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Some light releases in Europe as the spotlight turns to US retail sales data later today
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The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early…
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What are the main events for today?
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Today is likely to be one of those Mondays where price action can swing up and down for no apparent reason due to the lack of catalysts. These days it is generally better to conserve capital and refrain from trading. The only highlights on the agenda include a lot of…
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Ethereum ETF Issuers Must Submit Draft S-1 Forms Today
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According to sources familiar with the matter, the SEC has instructed potential issuers to file amended S-1 forms by Friday, May 31. This follows the approval of 19b-4 forms on May 23, marking a major milestone in the process. Progress on approval of the Ethereum Spot ETF The recent approval…
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US consumer confidence and housing in focus today
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The US is back from vacation today, and this should put the forex market at full capacity after a period of low trading volumes. This means we could see some bigger flow-driven moves today, especially as we approach the end of the month. Volatility can also rise if there is…
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PMI data in focus in European trading today
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The dollar maintains its stability again, after the slight gains it achieved yesterday. USD/JPY is vying for last week’s high at 156.78 while EUR/USD is pulling back towards a test of its 100-day moving average at 1.0814. This comes after the Fed’s meeting minutes were released overnight, which although more…
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The UK CPI report today will be one of the more closely watched ones
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This is one of them, if not debatable the The report is key to settling this debate. Because the next UK CPI report for May will come just one day before the June monetary policy decision. So, what does the backend look like as we head towards the major release…
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Why Is The Ethereum Price Up 20% Today?
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Ethereum price It is up almost 20% in the last 24 hours. This is a positive development for the second largest crypto token, which has been lagging behind until now. The rise in Ethereum prices is believed to be due to several factors, including the potential approval of… Ethereum ETFs.…
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If You Need $1.46 Million To Retire Today, What Will It Take in 20 Years?
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If you need $1.46 million to retire today, what will it take in 20 years? a Comfortable retirement It is becoming increasingly expensive. According to a study by Northwestern Mutual, Americans currently estimate they need approximately $1.46 million to retire comfortably. That number has risen sharply, marking a 15% increase…
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Developing Financial Privacy Tools Was Today Criminalized by the Dutch Court
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In the Netherlands, open source software developers are now responsible for how their software is used. Today a Dutch court convicted Alexei Burtsev, a 31-year-old Russian citizen living in the Netherlands and one of the developers of the Ethereum-based privacy tool Tornado Cash, of money laundering: he was sentenced to…
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Why FuelCell Energy, Bloom, and Clean Energy Fuels Rose Today
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Renewable energy stocks rose on Tuesday after… Power delivery (NASDAQ: Delivery) Announce receipt Guaranteeing a loan worth $1.66 billion From the US Department of Energy. Plug currently has two hydrogen fuel production facilities at full capacity, with a third facility approaching that mark. Plug says the government aid will help…
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What are the main events to look out for today?
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Today the market will mostly focus on the US PPI numbers although we will also get the latest report from the US NFIB and hear from Fed Chairman Powell. YoY core US PPI is expected at 2.4% vs. 2.4% previously, while core PPI is expected at 0.2% vs. 0.2% previously.…
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Here’s Why Today is Important for XRP
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Turkish lire; Dr Today (May 13), Ripple and the Securities and Exchange Commission (SEC) will make important motions related to the ongoing lawsuit, with more legal responses awaited next week. The resolution of this case is eagerly awaited, as it could greatly impact the cryptocurrency market, depending on the outcome.…
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Why Shopify Stock Tumbled Today
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shares Shopify (NYSE: STORE) The company caught fire today after the pricey e-commerce stock posted strong first-quarter results, beating estimates, but investors dismissed its second-quarter outlook. As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Image source: Getty Images. Shopify comes up short The…