EUR/USD is flat at the start of the week following Friday's sell-off from the 1.0250s that reached a low of 1.0141. The move came from a blockbuster US Nonfarm Payrolls report. The price is starting to decelerate in the bull weekly correction.
The US dollar and yields rallied on Friday, recovering from the sharpest daily drop in more than two weeks, following the Nonfarm Payrolls blockbuster report. The US jobs report showed a 528,000 gain in payrolls for July, beating estimates for an increase of 250,000, compared with the 398,000 increase in June. On top of that, the Unemployment Rate fell to 3.5%...
Bitcoin price is seeing a massive consolidation above the 200-week SMA at $22,794. The fractal formation is on its last leg and is yet to retest $23,666 before collapsing to $21,140 or other targets.
Hey everyone! here is the updated analysis for the DXY. If you like my chart analysis consider hitting the 🚀 and leaving a comment. DISCLAIMER:- This is not financial advice.
Take profit level: $75.00 The underlying instrument for USOIL is the light sweet Crude Oil Futures contract which is traded on the CME . West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing.
Take profit level: $64.00 ARKK is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). The firm...
Take profit level: $2375 Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority.
Take profit level: $28,000. Bitcoin is a digital currency -- also called cryptocurrency -- that can be traded for goods or services with vendors that accept Bitcoin as payment. With Bitcoin, holders can buy, sell and exchange goods or services without a central authority or bank as an intermediary.
Take profit level: $80 HYG tracks a market-weighted index of US high-yield corporate debt. In general terms, HYG is a perfectly adequate high-yield corporate bond index ETF, with a reasonably good yield. Adequate does not mean good, as the fund compares unfavorably to most of its peers in three key metrics: expense ratio, dividend yield, and total shareholder returns.
Take profit level: $333. DIA is extremely liquid, with huge assets and a long track record. The fund's UIT structure is shared by a few other long-lived ETFs (like SPY), with the most notable effects being a slight cash drag since stock dividends received in between the ETF's distributions can't be reinvested as is typically the case.
Take Profit Level: $350. QQQ is an ETF that tracks the Nasdaq 100 Index. It has 102 holdings and is the fourth-most popular ETF in the world. 1 The index excludes financial companies and is based on market capitalization. Like the Nasdaq 100, QQQ stock holdings are heavily weighted toward large-cap technology companies.
Short-term take profit level: $429. The SPDR S&P 500 trust is an exchange-traded fund which trades on the NYSE Arca under the symbol. SPDR is an acronym for the Standard & Poor's Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. This fund is the largest and oldest ETF in the world. ~ Wikipedia
To be an effective trader, understanding your entire portfolio's sensitivity to market volatility is important. This is particularly so when trading forex. Because currencies are priced in pairs, no single pair trades completely independent of the others. Once you are aware of these correlations and how they change, you can use them to control your overall...
Ether margin longs peaked at 500,000 ETH on July 2, the highest level since November 2021. However, data shows traders have reduced their bullish bets as the ETH price recovered some of its losses. Data shows no evidence of Bitfinex margin traders anticipating the 65% correction from May to sub-$1,000 in mid-June. Options risk metrics show pro traders are less...
The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. The stock will continue channeling downward until it is able to break either the upper or lower trend line. An upside break is bullish, while a downside break is bearish.
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020. In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its...
VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options.
US Dollar Index (DXY) licks its wounds near the 1.5-month low during Friday’s Asian session. That said, the greenback’s gauge versus the six major currencies dropped during the last two days before recently taking rounds to 106.20. Fed’s preferred inflation gauge for July, second-tier activity numbers will be crucial for intraday direction.