UnknownUnicorn38289576

UnknownUnicorn38289576

The US Dollar’s descent moderated last week as traders shifted back into risk assets, ditching the safety of the world’s reserve currency. Still, measured by the DXY Index, the Greenback remains well above levels traded at just a couple of months ago. A pullback in recession fears appeared to be the main driver of weakness. Given the precarious global economic...

UnknownUnicorn38289576

Absent an unexpectedly damaging event, such as a coordinated global effort to squash cryptocurrencies (which the Chinese have attempted, but other major economies have not emulated), or sharply rising interest rates that strangle the money supply, it’s hard to see what could reverse bitcoin’s present course. It appears to be immersed in a virtuous circle, whereby...

UnknownUnicorn38289576

The EUR/USD pair peaked at 1.0786 mid-week, its highest level for May, but finished it pretty much unchanged in the 1.0720/30 price zone. Much of the pair’s direction was directly linked to government bond yields’ behavior, affected by inflation and growth-related fears.

UnknownUnicorn38289576

President Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday to discuss the state of the U.S. and global economy, the White House said late Sunday, as the central bank races to withdraw stimulus amid the worst inflation in 40 years. The rally, put down to investor enthusiasm for riskier assets being stoked by China’s easing of Covid curbs, has...

UnknownUnicorn38289576

WTI struggles to extend the upside break of the key hurdle, grinds higher around the two-month top during Friday’s Asian session. That said, the black gold seesaws near $113.10 at the latest. Given the firmer RSI (14), not overbought, joining the bullish MACD signals to back WTI’s latest breakout, the commodity prices are likely to extend the run-up.

UnknownUnicorn38289576

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. In contrast to all that, I prefer to spend time on companies like...

UnknownUnicorn38289576

Crypto traders are still in risk-off mode after experiencing almost nine consecutive weeks of negative returns. BTC is on track for a 27% decline this month, although it is up 10% from its recent extreme low at $25,840 on May 12.

UnknownUnicorn38289576

A combination of a weaker Dollar and recovery in risk assets has underpinned the Australian Dollar in recent sessions with the currency back to 0.7150. This has largely been helped by recent comments from Fed’s Bostic who hinted at the potential of a Fed pause in September, should data permit. Now while this is noteworthy in the sense that this is the first Fed...

UnknownUnicorn38289576

EURUSD is now very close to a series of retracement resistances around 1.0787/0822. Economists at Credit Suisse we look for a turn back lower from here, for a move to 1.0608/0599 initially, then 1.0350/41. Full forecast. www.fxstreet.com

UnknownUnicorn38289576

The index reverses course after bottoming out in the 101.40 region earlier on Friday. The breakdown of the May low at 101.43 (May 27) should expose another pullback to the interim 55-day SMA at 101.47 ahead of the support line around 100.60, which is expected to offer decent contention. While above this area, further gains in the very near term in the dollar...

UnknownUnicorn38289576

The EUR/USD reached a fresh four-week high, around 1.0765, but in the last hour, retreated some 30 pips, as the New York session wanes, on an upbeat trading session, courtesy of positive US data. At 1.0735, the EUR/USD is set to record weekly gains of 1.66% amidst a week full of ECB officials’ hawkish commentary and mixed US economic data.

UnknownUnicorn38289576

VTV tracks the CRSP US Large Cap Value Index. The index selects stocks from the top 85% of market capitalization based on multiple value factors. - Seeks to track the performance of the CRSP US Large Cap Value Index, which measures the investment return of large-capitalization value stocks. - Provides a convenient way to match the performance of many of the...

UnknownUnicorn38289576

Semiconductor companies offer a lot of highly liquid securities that encourage risk-taking in all time frames, from intraday scalping to monthly market timing. The sector also supports various profit strategies, including momentum trading, basket allocations and short selling. It acts independently in many market phases, going its own way while major indices push...

UnknownUnicorn38289576

The Last Bitcoin Is Going to Be Mined in 2140. Only 21 million Bitcoins can ever exist, as it is programmed into the coin’s code. It is estimated that we are going to be able to keep mining them until the year 2140.

UnknownUnicorn38289576

Tesla is an innovative company that has been making waves in the automotive industry since it was founded. Since that time, Tesla has continued to innovate and improve their products. Making a name in the motor industry is never easy, but Tesla is never far from the headlines.

UnknownUnicorn38289576

Stocks rose Thursday, putting Wall Street on track to break a long string of weekly declines.

UnknownUnicorn38289576

The market seems to have somewhat regained its footing this week, however, as investors hope to see a peak in inflation and seek value at these levels.

UnknownUnicorn38289576 Updated 

The moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. There are advantages to using a moving average in your trading, as well as options on what type of...