Category: Trading
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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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NASDAQ closed at new record levels each day of this trading week
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All three major indexes closed higher today. The Nasdaq closed higher for the fourth straight day. Each of those days marked a new record close. The S&P also rose for the fourth straight day, with three of those closings marking new record highs. A screenshot of the final levels shows:…
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NZDUSD trading near session highs for the week. Bias more in favor of buyers.
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As the trading week comes to a close, the NZDUSD pair is trading near its highest levels of the week. Technically, the move to the upside also broke the 100-bar moving average on the 4-hour chart at 0.61116 and the 200-bar moving average on the same chart at 0.61267. Today’s…
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Kickstart the FX trading day for July 5 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In this July 5, 2024 Forex Market Opening Video, I take a technical look at the three major currency pairs – EURUSD, USDJPY, and GBPUSD. Today, the US jobs report was mixed, with nonfarm payrolls in June coming in above expectations, but revisions for the previous two months offsetting those…
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US stocks are trading marginally higher ahead of the early Independence Day close
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Major U.S. stock indexes are trading mixed in early trading ahead of an early close at 1 p.m. Tomorrow, the U.S. stock market will be closed in observance of the Independence Day holiday. The bond market closes today at 2 p.m. ET and will be closed tomorrow as well: The…
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Burn Rate Surges 16,854%, Trading Volume Rises 170%
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Shiba Inu (SHIB) July started on a positive note, with many Scales on the chain Drawing a bullish signal for the second largest meme coin by market cap. These bullish developments could provide a much-needed turnaround for the meme coin, which has been June to forget. SHIB burn rate increased…
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Burn Rate Surges 16,854%, Trading Volume Rises 170%
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Shiba Inu (SHIB) July started on a positive note, with many Scales on the chain Drawing a bullish signal for the second largest meme coin by market cap. These bullish developments could provide a much-needed turnaround for the meme coin, which has been June to forget. SHIB burn rate increased…
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Sony Enters Crypto Trading In Japan With S.BLOX: Whats Next ?
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In a strategic move that underscores its commitment to the thriving digital assets landscape, SonyJapanese conglomerate Sony has revealed plans to launch a comprehensive cryptocurrency trading platform in the country. The bold move follows the tech giant’s recent acquisition of a local cryptocurrency exchange, Amber Japan, marking a major shift…
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Sony Enters Crypto Trading In Japan With S.BLOX: Whats Next ?
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In a strategic move that underscores its commitment to the thriving digital assets landscape, SonyJapanese conglomerate Sony has revealed plans to launch a comprehensive cryptocurrency trading platform in the country. The bold move follows the tech giant’s recent acquisition of a local cryptocurrency exchange, Amber Japan, marking a major shift…
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Bitcoin Weekend Trading Volumes Plunge To Record Lows
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Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a breeding ground for volatility, has become particularly important in the cryptocurrency landscape. However, a recent report by Kaiko reveals a not so rosy picture – BTC Trading volumes declined at the…
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Abey Token Now Trading on BitMart Exchange
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(Press Release – George Town, Cayman Islands, June 28, 2024) Abey Foundation is pleased to announce that Abey, a leading layer-1 blockchain, has officially launched Trade its token on BitMart Exchange cryptocurrencies starting at 14:00 UTC on 26 June 2024. This listing represents a major milestone in our journey, and…
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Abey Token Now Trading on BitMart Exchange
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(Press Release – George Town, Cayman Islands, June 28, 2024) Abey Foundation is pleased to announce that Abey, a leading layer-1 blockchain, has officially launched Trade its token on BitMart Exchange cryptocurrencies starting at 14:00 UTC on 26 June 2024. This listing represents a major milestone in our journey, and…
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How the 4 Stages of Loss Apply in Trading
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Although losing trades is a natural part of the trading process, it is something that many traders – both beginners and professionals – struggle with. I think the main reason why losses are so difficult to deal with is not understanding their nature and impact on trading psychology rather than…
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All eyes stay on the Japanese yen ahead of European trading
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It’s all about whether a further rise will cause Tokyo to intervene at this point. It’s mostly a psychological game, you can even think of it as a game of chicken. Do buyers have more determination or does the blame fall on the Japanese authorities instead? The thing to watch…
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CME Group, Google plan to create cloud region for AI-powered trading
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JHVEphoto cm group (NASDAQ:CM(Partnered with Google Cloud)NASDAQ:GOG)(Nasdaq:Google) to develop a private cloud region and a new platform to support the global trading market for futures and options, the companies announced Wednesday. The specialized platform, located in Aurora, Illinois, will enable a number of… “The benefits to CME Group clients include…
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Eurostoxx futures -0.4% in early European trading
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Ripple (XRP) Trading Volume Soars Amid Ongoing Market Turbulence
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Ripple’s XRP has been one of the cryptocurrencies that has managed to maintain relative stability during the ongoing market turmoil. In fact, it has added 0.62% to its price over the past 24 hours and remains confined to a relatively narrow range at around $0.48. XRP trading volume increases Data…
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Former Ontrak CEO found guilty of insider trading (NASDAQ:OTRK)
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DNY59 Former President and CEO of public healthcare company Ontrak (Nasdaq: OTRQOn Friday, he was convicted in a multi-million dollar insider trading scheme. A federal jury in Los Angeles indicted Terren Scott Beiser on charges of securities fraud and two counts of insider trading. It was the first case the…
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Kickstart the FX trading day for June 21 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the June 21 kickoff video, I look at the three major currency pairs from a technical perspective and explain what the bias is, what the risks are, and what the objectives are for each. EURUSD corrected higher to test a 61.8% retracement of the up move from the April…
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US major indices are mixed at the start of the trading day
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Major US indices are trading little changed ahead of preliminary Purchasing Managers’ Index (PMI) and existing home sales data. The Dow Jones Industrial Average rose 2.0 points, or 0.01%, to 39,141 The S&P 500 fell -6.5 points, or -0.13%, to 5,466.06. The Nasdaq index fell by -15.48 points, or -0.09%,…