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Yen extends losses as Banks of Japan holds off intervention
Yen extends losses as Banks of Japan holds off intervention
May 16, 2024
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second day in a row against the dollar and moving off ten-day highs, as Bank of Japan resumes buying bonds at a normal pace after slowing the pace earlier this week. US 10-year treasury yields improved after cautious remarks by Fed officials on...
Aussie backs off four-month high despite RBA's aggressiveness
Aussie backs off four-month high despite RBA's aggressiveness
May 20, 2024
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, extending losses for the second straight day against the dollar and moving away from a four-month peak on profit-taking. The decline came despite the rather aggressive meeting minutes released by the Reserve Bank of Australia, which hurt the odds of rate cuts this year, with...
FTSE 100, DAX 40 and S&P 500 Head Back Towards Record Highs
FTSE 100, DAX 40 and S&P 500 Head Back Towards Record Highs
May 20, 2024
Major Indices Roundup: FTSE 100 stretches out ahead of prominent BoE speechesDAX hints at shorter-term downside pressureSP 500 eases but remains at elevated levels - Nvidia reports earnings on WednesdayIndices currently evolve as trending markets but comes a point when this may change. Discover the different market conditions and how to effectively approach them: Recommended by Axel Rudolph Recommended by...
Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ
Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ
May 20, 2024
Aussie Dollar (AUD/USD, AUD/NZD) Analysis AUD in focus ahead of the RBA minutes as risk assets march onRBNZ highly unlikely to move on rates as inflation remains above targetMain risk events: RBA minutes, RBNZ rate decision, Fed speakersThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education...
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Dow Surges Over 450 Points As Nvidia Climbs Post-Earnings, Google, Amazon Slip: Fear Index Shifts To 'Greed' Zone
Dow Surges Over 450 Points As Nvidia Climbs Post-Earnings, Google, Amazon Slip: Fear Index Shifts To 'Greed' Zone
Nov 21, 2024
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the “Greed” zone on Thursday. U.S. stocks settled higher on Thursday, with the Dow Jomes index gaining more than 450 points during the session. NVIDIA Corporation ( NVDA ) shares rose by 0.5% on Thursday after the company posted upbeat...
Gap, Ross Stores And 3 Stocks To Watch Heading Into Friday
Gap, Ross Stores And 3 Stocks To Watch Heading Into Friday
Nov 21, 2024
With U.S. stock futures trading slightly lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Destination XL Group, Inc ( DXLG ). to report quarterly earnings at 3 cents per share on revenue of $113.46 million before the opening bell, according to data from Benzinga Pro. Destination XL...
Euro zone government bond yields edge up before PMI
Euro zone government bond yields edge up before PMI
Nov 22, 2024
Nov 22 (Reuters) - Euro zone borrowing costs rose slightly on Friday before purchasing managers' surveys (PMI) due later in the session, as geopolitical tension prompted investors to bid for safe-haven government bonds. Russia fired a hypersonic intermediate-range ballistic missile at the Ukrainian city of Dnipro on Thursday in response to Britain and the United States allowing Kyiv to strike...
Euro, bond yields tumble as investors ramp up ECB rate cut bets after PMI
Euro, bond yields tumble as investors ramp up ECB rate cut bets after PMI
Nov 22, 2024
* Bond yields, euro tumble on weak PMIs * Investors ramp up ECB rate cut bets * Markets see a 50% chance of a 50 bps cut in December * Bank stocks fall as much as 2.1% By Stefano Rebaudo and Dhara Ranasinghe Nov 22 (Reuters) - German short-dated government bond yields and the euro tumbled to their lowest level...
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Brent oil price forecast update 09-05-2024
Brent oil price forecast update 09-05-2024
May 9, 2024
Brent Oil Price Analysis Expected Scenario Brent oil price is testing 84.77$ level and still below it until now. To keep the bearish trend scenario active for today, supported by the overbought signals that appear on stochastic. Depending on the price stability below the mentioned level. Reminding you that we are waiting to visit 82.40$ as a next main target....
Crude oil price forecast update 09-05-2024
Crude oil price forecast update 09-05-2024
May 9, 2024
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear positivity to attack 79.6$ level and attempts to hold above it. Urges caution from the upcoming trading, as confirming the breach will stop the correctional bearish scenario and push the price to recover and visit 81.50$ initially. The technical indicators continue to provide the negative signals that support...
The GBPUSD forecast update 09-05-2024
The GBPUSD forecast update 09-05-2024
May 9, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to 1.2480$ and closed the last four hours candlestick below it. Reinforcing the expectations of continuing the bearish trend domination for the rest of the day, paving the way to head towards 1.2385$ as a next negative station. Expected Trading Range Between 1.2400$ support and 1.2550$ resistance. Trend Forecast:...
Gold price forecast update 09-05-2024
Gold price forecast update 09-05-2024
May 9, 2024
Gold Price Analysis Expected Scenario The tight range keeps dominating gold price trades, which hovers around the EMA50. The bearish trend will remain valid as it is without any change for today, depending on the price stability below 2325.90$. Reminding you that our main waited target is located at 2260.60$. Expected Trading Range Between 2290.00$ support and 2325.00$ resistance. Trend...
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Huge Pi Network (PI) News for All Users: Is the Long
Huge Pi Network (PI) News for All Users: Is the Long
Feb 12, 2025
TL;DR The controversial cryptocurrency project promised to introduce the Open Network next week. OKX and Bitget have announced plans to list the PI/USDT trading pair on launch day, while some have speculated that Binance will also follow suit. Add This Date to Your Calendar Pi Network made the headlines by announcing that it will officially transition to the Open Network...
Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block
Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block
Feb 11, 2025
A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000. The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain. The Mining Method Crypto journalist Pete Rizzo first reported the rare event on X, revealing that...
This Metric Indicates Bitcoin Miners Are Capitulating: CryptoQuant
This Metric Indicates Bitcoin Miners Are Capitulating: CryptoQuant
Feb 11, 2025
As bitcoin (BTC) continues to trade a few thousand dollars below $100,000, miners are struggling to run their operations, and as a result, most of them are capitulating. A report by CryptoQuant analyst Darkfost revealed that the Hash Ribbons metric, an indicator that tells the health of the Bitcoin network by tracking hash rate fluctuations, has just flashed again. This...
Fed Chair Jerome Powell Says No To US CBDC
Fed Chair Jerome Powell Says No To US CBDC
Feb 11, 2025
Federal Reserve Chair Jerome Powell has made it clear that the United States will not introduce a Central Bank Digital Currency (CBDC) during his tenure.  This stance marks a notable shift from earlier considerations where the Federal Reserve had been exploring the potential of a digital dollar. No CBDC For The United States, Powell Confirms This declaration came during a...
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