Category: Traders
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Wall Street advances as traders’ bets rise for bigger Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended higher on Friday as investors focused on the chance of further interest rate cuts by the Federal Reserve next week, with interest-rate-sensitive small-cap stocks outperforming. Bets on the size of the Fed rate cut were mixed, and…
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Binance Traders Shorting These Altcoins, Rally Rocket Fuel?
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Three altcoins have seen bearish bets on Binance, which could help fuel the rally, an analytics firm has revealed. Tron, Stellar, and 1inch have seen negative funding rates recently. In new mail In X, on-chain analytics firm Santiment recently discussed the trend in Binance’s funding rate for a few different…
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USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
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The Bank of Canada cut interest rates by 25 basis points yesterday, but despite the cut, the Canadian dollar rose against the US dollar (USDCAD lower). The USD/CAD pair fell below the 100-hour moving average at 1.35136, but was unable to maintain the downside momentum to the 200-hour moving average…
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USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
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The Bank of Canada cut interest rates by 25 basis points yesterday, but despite the cut, the Canadian dollar rose against the US dollar (USDCAD lower). The USD/CAD pair fell below the 100-hour moving average at 1.35136, but was unable to maintain the downside momentum to the 200-hour moving average…
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Stocks Hover as Traders Brace for September Swings: Markets Wrap
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(Bloomberg) — Global stocks rose to near record highs on Monday as investors braced for what is typically the most challenging month for equities. Most Read from Bloomberg The pan-European STOXX 600 index pared most of its earlier losses after closing at a record high on Friday. Volkswagen AG rose…
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Traders gravitate to Tron, DTX Exchange and Ripple
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Seasoned traders are stocking up on Tron, XRP, and the new DTX, which surged 200% in the presale and could be the next cryptocurrency to surge 90x in value. As…
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Traders gravitate to Tron, DTX Exchange and Ripple
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Seasoned traders are stocking up on Tron, XRP, and the new DTX, which surged 200% in the presale and could be the next cryptocurrency to surge 90x in value. As…
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Dollar wallows near year-low as traders seek clues on Fed cuts By Reuters
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By Brigid Riley (Reuters) – The dollar held near its lowest in more than a year against a basket of currencies on Wednesday, while sterling traded near multi-year highs, as markets focused on signs of the size of a widely expected U.S. interest rate cut next month. Cryptocurrency Bitcoin grabbed…
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What are the technicals telling traders in the EURUSD, USDJPY and GBPUSD pairs
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In this video, I take a look at the three major currency pairs from a technical perspective. On Monday, the EUR/USD pair fell, approaching its rising 100-hour moving average which is currently at 1.1143 (current price at 1.11615). This moving average will be a key barometer for the pair in…
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Why Do Part-Time Forex Traders Even Try?
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Forex trading is a hobby you do after work (or maybe during work) and do if you have enough strength to keep your eyes open. You don’t have the trading experience to spend your time on it, but it’s your dream. And it’s a great dream. But the days seem…
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Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
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Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
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Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
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Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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Dollar hits 7-month low, yen gains as traders wait on Jackson Hole By Reuters
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By Karen Brittl NEW YORK (Reuters) – The dollar fell to a seven-month low and the Japanese yen hit its highest in more than a week as traders awaited comments from Federal Reserve Chairman Jerome Powell this week that are likely to signal the U.S. central bank will start cutting…
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3 Unusual Tips for Newbie Forex Traders
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Are you tired of the good old trading tips for beginners? Here are some unusual (but very useful!) tips I’ve received from trading professionals: 1. Don’t look at profit and loss. Wait, what..? That’s right, close the P/L tab on your trading platform or cover this panel with tape if…
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Traders move into Base Dawgz presale as Brett leads top memecoin gainers
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Traders are rushing to invest in Base Dawgz during the presale, aiming to replicate the success of the leading Base memecoin, Brett. Profit-hungry traders are seeing the success of Base’s…
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Traders move into Base Dawgz presale as Brett leads top memecoin gainers
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Traders are rushing to invest in Base Dawgz during the presale, aiming to replicate the success of the leading Base memecoin, Brett. Profit-hungry traders are seeing the success of Base’s…
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A calmer mood set to greet European traders later today
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Major currencies are mostly trading little, with USD/JPY even staying below the 100-point range for the first time in Asia this week. Overall, the USD has been trading slightly lower, but today’s moves leave a lot to be desired. Here’s an overview of the current USD pairs: US weekly jobless…
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Dow jumps 285 points as traders try to extend comeback from big sell-off
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Lucky Photographer/Shutterstock U.S. stocks rose on Wednesday as traders tried to extend a rally that began on Tuesday following a recent sell-off. The Bank of Japan indicated that it will pause interest rate hikes in the near term, boosting investor sentiment. Major stock indices, with the Dow Jones up about…