Category: Trading

  • Post-Fed struggles see the dollar as the laggard in September trading

    Here’s an overview of how major currencies have moved against the US dollar since the start of the month, what happened after last week’s Fed decision, and what other major central banks did during the month. With the exception of the yen, the dollar weakened significantly against the rest of…

  • USDCHF continues its up and down trading within trading range

    The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…

  • USDCHF continues its up and down trading within trading range

    The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…

  • Ethereum Trading At 40-Month Lows Versus Bitcoin: Is This An Endorsement Of BTC?

    Ethereum is strong as it writes but still underperforms Bitcoin. While Ethereum is hovering above $2,400 and could even break $3,000 in the coming years, the rapid consolidation of the world’s most valuable cryptocurrency, on the other hand, could push the Ethereum/Bitcoin ratio to its lowest levels in several months.…

  • Ethereum Trading At 40-Month Lows Versus Bitcoin: Is This An Endorsement Of BTC?

    Ethereum is strong as it writes but still underperforms Bitcoin. While Ethereum is hovering above $2,400 and could even break $3,000 in the coming years, the rapid consolidation of the world’s most valuable cryptocurrency, on the other hand, could push the Ethereum/Bitcoin ratio to its lowest levels in several months.…

  • SEC Approves Options Trading on BlackRock’s Spot Bitcoin ETF IBIT

    The US Securities and Exchange Commission (SEC) has just granted consent To list and trade options on BlackRock’s Bitcoin exchange-traded fund, iShares Bitcoin Trust (IBIT). BREAKING: SEC Approves BlackRock’s Spot Stock Options #Bitcoin Exchange traded fund. pic.twitter.com/g7R8rSLRI1 — Bitcoin Magazine (@BitcoinMagazine) September 20, 2024 Options on the iShares Bitcoin Trust…

  • Germany’s Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading

    Two of Germany’s five largest banks, Commerzbank and DZ Bank, have launched Bitcoin and cryptocurrency trading services amid growing institutional demand. Urgent: ?? Commerzbank to offer $500 billion #Bitcoin And trading in cryptocurrencies. pic.twitter.com/KrOCOx5N9P — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Commerzbank, the country’s second-largest bank by number of branches,…

  • Germany’s Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading

    Two of Germany’s five largest banks, Commerzbank and DZ Bank, have launched Bitcoin and cryptocurrency trading services amid growing institutional demand. Urgent: ?? Commerzbank to offer $500 billion #Bitcoin And trading in cryptocurrencies. pic.twitter.com/KrOCOx5N9P — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Commerzbank, the country’s second-largest bank by number of branches,…

  • 3 Reasons You’re Not Meeting Your Trading Goals

    One of the most important topics we have discussed before is the need for traders (especially beginners) to Focus on the process rather than the profits. The idea is that a good, disciplined trader can always turn the odds in his favor if he hones his skills enough to handle…

  • Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs By Reuters

    By Neil Mackenzie LONDON (Reuters) – Banking, insurance and trading stocks are back in the red as hedge funds last week bought shares in these companies at the fastest pace since June 2023, a note from Goldman Sachs showed. Financial stocks were the most in demand on Goldman Sachs’ main…

  • Trump complains “What’s going on?” when his stock trading is halted

    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 c…

  • Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up $132 Million In Debt

    The cryptocurrency industry is known for its volatility and high-risk trading, which can turn disastrous if not managed properly, even for highly experienced crypto traders. One such loss is the case of millionaire James Fickell, who suffered a huge loss in 2011. Bold bet on Ethereum He inflicted heavy losses…

  • Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

    In the opening video, for September 13, 2024, I take a look at three other major currency pairs – EURUSD, USJDPY, and GBPUSD. For the EUR/USD pair, it moved into a swing zone between 1.10976 and 1.11042 and found willing sellers. This area will be a major resistance level today…

  • Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

    In the opening video, for September 13, 2024, I take a look at three other major currency pairs – EURUSD, USJDPY, and GBPUSD. For the EUR/USD pair, it moved into a swing zone between 1.10976 and 1.11042 and found willing sellers. This area will be a major resistance level today…

  • US stocks are trading higher and looking to extend win-streaks for the broader indices

    Major US stock indexes open modestly higher. As the day begins, the S&P and Nasdaq are on a four-day winning streak, looking to extend it to five straight days this week. It’s Friday the 13th. Can markets rise above this jinx? The current market snapshot shows: The Dow Jones Industrial…

  • US stocks are trading higher and looking to extend win-streaks for the broader indices

    Major US stock indexes open modestly higher. As the day begins, the S&P and Nasdaq are on a four-day winning streak, looking to extend it to five straight days this week. It’s Friday the 13th. Can markets rise above this jinx? The current market snapshot shows: The Dow Jones Industrial…

  • What are the technicals in the EURUSD saying into the new trading week

    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…

  • Dollar looks to settle lower after some back and forth trading this week

    If the Fed wanted to get things in order, the market certainly wouldn’t let it. The odds of a 50bp rate cut had waned after the US CPI report earlier this week, but they resurfaced in trading yesterday. The odds have now risen back to around 45%. There was no…

  • Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading

    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…