Short-term outlook: The US dollar index (DXY) has given an upside break of the consolidation formed in a narrow range of 108.47-108.58. The asset is expected to display a bullish imbalance move ahead as a break of opening consolidation is generally followed by volumes and wider ticks.
Short-term outlook: Bitcoin price has traded sideways all week following last Friday's 16% liquidation. At most, the peer-to-peer digital currency has recovered 3% of the losses accrued. The lack of effort displayed post decline is the first anomaly that merits question in the underlining bullish strength. The VolumeProfile indicator confounds the reasonable doubt...
Short-Term Outlook: Gold has turned south after having advanced beyond $1,750 during the American trading hours on Friday. The benchmark 10-year US Treasury bond yield is up 1% on the day following Powell's speech at the Jackson Hole Symposium, forcing XAU/USD to stay on the backfoot.
Wall Street estimates that Apple will sell 142 million iPhones in 2019, down from 167 million the year before, and in line with the number sold in 2017. Apple has managed to push up the price of the average iPhone sold, from $652 in 2017 to an estimated $768. But that, predictably, has hurt demand. It’s unclear whether the next generation of iPhones, due in the...
This is a new idea for a trade setup for EUR/USD. Always wait for the Trade Trigger! Try not to be too conservative or aggressive when it comes to entering a trade. Trade triggers can be simple or complex. One isn’t necessarily better than another, it just depends on the strategy we want to use. The trader trigger is part of a strategy. A strategy without...
Most risk assets are in a holding pattern ahead of the Federal Reserve Economic Symposium, where Jerome Powell will speak later this week.
The EUR/USD pair has continued its two-day losing streak after dropping below Friday’s low at 1.0032 in its opening session. The asset is declining towards parity as investors are expecting hawkish guidance from the Federal Reserve (Fed) at US Jackson Hole Symposium this week.
A successful Merge could greatly reduce ETH inflation, and investors are buying options and staking ether in anticipation.
An updated idea for DXY. Let me know your thoughts in the comments.
An updated chart of DXY. Let me know your thoughts in the comments.
The highly profitable firms on the Dow's roster also boast a higher dividend yield than those in the S&P: 2.4% on average, compared with 2.0%. It still makes sense for index investors to hold funds that track the broad market. But you may want to add a stake in the granddaddy of all stock indexes, too.
The EUR/USD pair trades just below the 1.0100 threshold amid the prevalent dollar’s strength. EU confirmed annual inflation at 8.9% YoY in July, while US data was mostly encouraging, except for that related to the housing sector.
Today's range: 92.6717-95.1827. Previous day close: 94.2995. Change for today -0.5834, -0.62%.
The bearish thesis will be void if the bulls can break through $0.112. In so doing, the DOGE coin price will be able to rally towards a conservative $0.250 target resulting in a 150% increase from today's market value.
DXY quickly fades Tuesday inconclusive price action and resumes the upside to the upper end of the recent range near 106.80.
Meme coins are rallying again, outperforming bitcoin and ether. While historically that has portended a market-wide price crash, this time might be different.
The correlation between bitcoin price and the stock market has grown to new highs this year. As a result, the movements in the macro markets have had a great impact on the price of bitcoin, one of the reasons behind the recent decline in price. But as time has gone on, bitcoin has been working towards decoupling itself from this high correlation. Present data...
EUR/USD ticked north following the release of the Federal Reserve’s document but remains subdued below the 1.0200 figure. US policymakers unanimously agreed to hike rates by 75 bps, seeing a slowing pace of hikes at some point.