Category: Trading
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How To Develop Your Market Edge in Trading
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author Trading in the region Mark Douglas defines trading advantage as: “Nothing more than an indication of a higher probability of one thing happening rather than another.” This market advantage must be objective and measurable, which means it is backed by numbers and statistics. You might roll your eyes and…
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Massive $720M Bitcoin Transfers From Genesis Trading Wallet To Coinbase
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Source: cryptonews In a remarkable development in the cryptocurrency space, a wallet linked to Genesis Trading has transferred a staggering $720 million in Bitcoin to… Coinbase The Bitcoin transfers from Genesis Trading have sparked speculation about potential Bitcoin liquidations and strategic shifts within the industry. Track transfers from Genesis Trading…
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Massive $720M Bitcoin Transfers From Genesis Trading Wallet To Coinbase
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Source: cryptonews In a remarkable development in the cryptocurrency space, a wallet linked to Genesis Trading has transferred a staggering $720 million in Bitcoin to… Coinbase The Bitcoin transfers from Genesis Trading have sparked speculation about potential Bitcoin liquidations and strategic shifts within the industry. Track transfers from Genesis Trading…
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Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%
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Global cryptocurrency trading volume is expected to exceed $108 trillion this year, reflecting an increase of about 90% compared to 2022, according to CoinWire. Europe has taken the lead in this growing market, accounting for 37.32% of the total cryptocurrency transaction value, and is expected to see a 2.7-fold increase…
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Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%
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Global cryptocurrency trading volume is expected to exceed $108 trillion this year, reflecting an increase of about 90% compared to 2022, according to CoinWire. Europe has taken the lead in this growing market, accounting for 37.32% of the total cryptocurrency transaction value, and is expected to see a 2.7-fold increase…
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US stocks are higher in early trading. Yields steepen across the curve. Dollar lower.
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Major U.S. stock indexes were slightly higher in early trading in the United States. The Nasdaq fell about 1.8% yesterday, but the Russell 2000 index of small-cap stocks rose more than 3%. This image of the market taken nine minutes after the open shows: The Dow Industrial Average rose 156.41…
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Chart Art: Spot Gold (XAU/USD) Is Trading Near The Top Of A Long-term Range!
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The overall weakness of the US dollar helped push spot gold prices to multi-week highs. Is the technical resistance level a trigger for a downtrend in the commodity? Or will we see a launch in the next few days? Gold (XAU/USD) 4 hours Chart by TradingView In case you missed…
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Mid-Year Check: How Are You on Your Trading Goals?
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Can you believe we’re halfway through 2024?! As the first half of the year comes to a close, it’s time to take a look at the trading goals you set at the beginning of the year and see if you need to make changes to your goals, trading processes, or…
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US inflation to hog the spotlight in trading today
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US Consumer Price Index YoY (%) This will keep markets on tenterhooks until we get to the release later today. Headline annual inflation is forecast to slow to 3.1%. Meanwhile, core annual inflation is expected to remain at 3.4% – unchanged from May. Either way, the details will be as…
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European major indices rebound higher in trading today
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Major European indices closed higher on the day, recovering from yesterday’s declines. A screenshot of the final levels shows: German DAX, +0.99% French CAC index, +0.86% FTSE 100 +0.66% Spain’s IBEX rises 1.59% Italy’s FTSE MIB rises 1.31% As European traders head for the exits, US stocks are trading back…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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Major US indices are higher in early trading
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The S&P 500 closed at a new record high for three straight days. The Nasdaq closed at a record high for four straight days. Both indices are trading higher in early U.S. trading to start the new trading week. Despite its rise, the Dow Jones Industrial Average leads the three…
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The GBPJPY is trading at highest level since 2008 and bounced off support today.What next?
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When the market is trending, it is better for traders to understand when the market trend is changing, rather than trying to pick a top or bottom depending on which direction the market is going. For the GBP/JPY pair, it has been in an uptrend for the past seven months…
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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…