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Yen moves in a positive zone away from the 160 barrier
Yen moves in a positive zone away from the 160 barrier
Jun 25, 2024
Yen rose in Asian trade for the second session against the US dollar away from two-month lows, thus moving away from the 160 barrier. The 160 barrier has become a red line for the Bank of Japan, around which itll intervene directly in the forex market to prop up the local currency. The latest recovery is also boosted by a...
Taking Stock: S&P 500 Quarterly Performance and Market Breadth Observations
Taking Stock: S&P 500 Quarterly Performance and Market Breadth Observations
Jun 25, 2024
SP 500 Analysis SP 500 sector performance thins out – major advances seen in handful of sectorsPopular measure of market breadth has dropped slightly but raises no alarm bellsSP 500 to retest last week’s Psychological BarrierThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended...
Dollar resumes gains ahead of US sentiment data
Dollar resumes gains ahead of US sentiment data
Jun 25, 2024
The US dollar rose in European trade on Tuesday, resuming gains and almost touching seven-week highs ahead of important US data on housing prices and consumer sentiment. The data will reveal important clues on the future path of US interest rates and monetary policy this year. The Price The dollar index rose 0.1% today to 105.59, with a session-low at...
Nvidia (NVDA) Technical Outlook – Further Losses or Short
Nvidia (NVDA) Technical Outlook – Further Losses or Short
Jun 25, 2024
Nvidia (NVDA) Technical Outlook Nvidia back below $3 trillion market capitalization.A technical chart gap may be a sign of further losses to come. Recommended by Nick Cawley Building Confidence in Trading Nvidia has shed nearly 16% of its market value in the last three trading sessions as sellers take control of the world’s largest chipmaker. Nvidia became the world’s largest...
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US STOCKS-Futures edge higher as Treasury yields ease
US STOCKS-Futures edge higher as Treasury yields ease
Mar 15, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Adobe drops after dour Q2 revenue forecast * Micron Technology ( MU ) gains after Citi lifts PT * All three major indexes set for weekly gains * Futures up: Dow 0.15%, S&P 0.19%, Nasdaq 0.18% (Updated at 7...
Broadcom, Kraft Heinz And 2 Other Stocks Insiders Are Selling
Broadcom, Kraft Heinz And 2 Other Stocks Insiders Are Selling
Mar 15, 2024
The Nasdaq 100 closed lower by over 50 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday as Rate Cut Hopes Wane
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday as Rate Cut Hopes Wane
Mar 15, 2024
08:35 AM EDT, 03/15/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% lower in Friday's premarket activity as hopes for rate cuts waned after higher-than-anticipated consumer and producer prices data. US stock futures were also mixed, with S&P 500 Index futures...
Traders Cautious Ahead of Next Week's Fed Meeting, Driving Muted Premarket Action for US Equity Futures
Traders Cautious Ahead of Next Week's Fed Meeting, Driving Muted Premarket Action for US Equity Futures
Mar 15, 2024
07:56 AM EDT, 03/15/2024 (MT Newswires) -- US equity futures were little changed Friday as traders turned cautious ahead of next week's Federal Reserve meeting. Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq futures all increased around 0.2%. Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% and US West Texas Intermediate crude...
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Cardano Ranks First in This Major Metric: ADA Bull Run Ahead?
Cardano Ranks First in This Major Metric: ADA Bull Run Ahead?
Mar 19, 2024
TL;DR Cardanos ADA surpassed Bitcoin (BTC) and Ethereum (ETH) in one key metric. Despite a recent 20% price drop, analysts predict a bullish future for ADA, including a potential parabolic spike to $10. According to IntoTheBlock, Cardanos ADA is currently the top cryptocurrency by development activity. It also enjoys the highest amount of weekly engagements. Leading cryptocurrencies, such as Ethereum...
BoJ Exits Negative Rates but JPY Falters, USD Bid on Rate Cut Pushback
BoJ Exits Negative Rates but JPY Falters, USD Bid on Rate Cut Pushback
Mar 19, 2024
(AI Video Summary) The recent decision by the Bank of Japan to increase interest rates has caused the value of the yen to drop and has supported the dollar. In simple terms, this means that it is now more expensive to buy Japanese yen with the dollar. The Bank of Japan will still buy bonds in the market to control...
Ethereum (ETH) Prices Could Face Heavy Resistance if This Happens
Ethereum (ETH) Prices Could Face Heavy Resistance if This Happens
Mar 19, 2024
Ethereum staking could present challenges for crypto asset manager Grayscale if the SEC greenlights fund conversion for ETHE as it did for GBTC. These are the findings of BitMEX research, which added that if the SEC does not allow staking, then there will be large outflows from the firm’s ETHE fund, larger than those from its Bitcoin ETF. “All the...
Important Coinbase Updates Affecting These Two Altcoins: Details
Important Coinbase Updates Affecting These Two Altcoins: Details
Mar 19, 2024
TL;DR Coinbase added Arkham (ARKM) to its observation list, leading to a brief price spike, and announced the delisting of another cryptocurrency amid a market decline. Binance updated its platform with new trading pairs and contracts, temporarily halted Solana (SOL) withdrawals due to network congestion, and expanded its trading bot pairs. The leading cryptocurrency exchange Coinbase continues implementing amendments to...
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