Keep an Eye on Important Bitcoin Price Points After Cryptocurrency Falls Under $110,000
Key takeout This week, Bitcoin kicked off on Sunday with leveraged positions exceeding $1.5 billion. The bearish trend followed last month’s record highs for digital assets, showing prices lowered within descending channels, falling below the 50-day moving average. Investors should keep an eye on major support levels around $107,000 and $102,000, while resistance levels to […]
GBP/USD falls below 1.3400 as US data impresses, attention turns to PCE
GBP/USD dropped by 0.78% on Thursday, falling below all key SMAs and reaching a four-week low. US economic data lessens Dovish Fed expectations, bolstering the dollar and putting pressure on the pound. The US agenda includes core PCE, consumer sentiment, and speeches from Fed officials. On Thursday, GBP/USD closed over 0.78% lower, and it seems […]
Stock Market Update: S&P 500 Falls for the Third Consecutive Session
Stock Market Experiences Third Consecutive Day of Loss The stock market has been on a downward trend for three days now, marking the longest stretch of losses since March. The Dow Jones industrial average decreased by 179 points, or about 0.4%. The S&P 500 saw a drop of 0.5%, while the Nasdaq composite also fell […]
Bitcoin falls below $109K, but information indicates buyers are emerging.
Bitcoin Market Update Key Points: Bitcoin sales are on the rise, with growing allocation sizes from spot buyers. Liquidation heatmap data indicates potential sales could reach $107,000. On Thursday, Bitcoin (BTC) dipped to a two-week low of $108,865, attracting interest from various entities looking to buy at the lower end of this week’s price range. […]
Ethereum falls under $4,000 as Rex-Osprey introduces first ETF featuring ethereum staking
Ethereum Reaches New High Amid Market Turbulence Ethereum, the second biggest cryptocurrency by market cap, hit an impressive milestone, climbing just below $4,000 on Thursday. This marks its first performance at this level since August 7, showing a 4% increase over the last day and up about 19% when compared to a month ago. However, […]
GBP/USD Price Outlook: British Pound falls to two-week lows, targeting 1.3400 support
GBP/USD is likely to fall to lows not seen in over two weeks as bearish momentum develops. The US Dollar index has risen above 97.50, bolstered by Powell’s cautious remarks, giving the dollar some support. Key support is at 1.3400, with September’s swing low at 1.3333; a break could push it lower. On Wednesday, the […]
AutoZone Earnings: Stock Falls After Falling Short of Q4 Profit Expectations
Shares of Autozone (AZO) dropped by 2% on Tuesday after the company reported its fourth-quarter revenue, falling short of Wall Street’s expectations. This marks the fifth consecutive quarter in which Autozone has not met revenue forecasts and posted adjusted earnings of $48.71 per share, down from $51.58 per share last year. Analysts had anticipated earnings […]
Japanese Yen falls on low PMI; differences between BoJ and Fed to restrict losses
The Japanese yen weakens following disappointing PMI results from Japan. A slight rise in the USD further boosts the USD/JPY pair during the day.
EUR/USD climbs to 1.1800 as the Dollar falls before Powell’s speech.
Fed officials displayed differing views: Bostic, Musalem, and Hammack leaned hawkish, while Miran was dovish, suggesting neutral rates at just 2%. The dollar index dropped by 0.34%, landing at 97.31, which weakened the USD and boosted the EUR/USD pair. Traders are eager for new insights from Powell’s upcoming speech and the Flash PMI data set […]
Trump’s ‘Kamala’s for they/them’ attack ad falls short of a decisive blow
Harris Responds to Trump Campaign Ads on Trans Surgical Support Former Vice President Kamala Harris dismissed recent Trump campaign ads that criticized her support for government-funded transgender surgeries for undocumented immigrants and prisoners. As the 2024 campaign heats up, Trump’s team leveraged Harris’ advocacy for taxpayer-funded transgender surgery in an ad that proclaimed, “Kamala for […]