EUR/USD retains losses around 1.1450 after pulling back from two-month peaks.
The EUR/USD has pulled back from its two-month peak of 1.1495 reached on Thursday. The initial weekly unemployment claims in the U.S. increased to 247,000, surpassing the anticipated 235,000. The European Central Bank (ECB) implemented a widely expected rate cut of 25 basis points on Thursday. The EUR/USD continues to decline after reaching a two-month […]
GBP/USD remains near short-term peaks as important labor data approaches
GBP/USD remains near its recent high as the dollar doesn’t seem to be in sync. US ADP jobs data showed a sharper decline than anticipated on Wednesday, dampening investor confidence. The forthcoming NFP report on Friday is gaining significance for the market, particularly regarding tariffs. On Wednesday, GBP/USD received support, recovering from losses experienced the […]
Forex Today: US Dollar declines due to fiscal worries, Pound Sterling climbs to multi-year peaks.
Market Update – May 23 Here’s what you should know today: The US Dollar (USD) is facing challenges maintaining its strength against other currencies as it revealed a slight gain on Thursday. The European Central Bank (ECB) is set to release wage rate data for the first quarter. In the U.S., the only economic data […]
Bitcoin open interest reaches all-time high as buyers rush towards new BTC price peaks
Key Takeaways Open interest in Bitcoin futures has reached an all-time high of $72 billion, suggesting institutional investors are increasing their use of leverage. There are about $1.2 billion in short positions at risk of liquidation between $107,000 and $108,000, which could heighten the chances of Bitcoin breaking out. On May 20, overall interest in […]
Bitcoin bull flag and typical profit-taking suggest a potential rise to new BTC price peaks.
Key takeaways: Traders anticipate a pullback in Bitcoin’s price to around $90,000; however, if the upper range decreases, there might be potential for a new high. On-chain data indicates that current profit levels aren’t strong enough to disrupt Bitcoin’s existing price momentum. For much of the week, Bitcoin (BTC) has fluctuated between $104,000 and just […]
Bitcoin Investment Situation Persists as US 10-Year Yields Approach April Peaks
Simply put Treasury yields increased to 4.5% from 4.1% in early April. Easing trade tensions between the US and China apparently boosted market sentiment, leading to lowered expectations for Federal Reserve rate cuts. Even though inflation numbers for April were surprisingly low, analysts believe that businesses might have hurried to buy supplies ahead of tariffs, […]
US yields decline as Powell indicates a cautious approach, US Dollar retreats from recent peaks
The Treasury market appears more stable after Powell indicates the Fed will be patient and suggests that the current policy remains fitting. DXY peaked at 99.63 but has now dropped to 99.51, facing downward pressure due to falling yields. Powell warns that tariffs might impede the Fed’s goals and create uncertainty regarding policy direction. The […]
Kyle MacLachlan on ‘Twin Peaks’ director David Lynch’s death
Kyle MacLachlan addressed David Lynch's death. The 65-year-old actor paid tribute to the legendary director on Thursday, just hours after his family announced that Lynch had died at the age of 78. His cause of death has not been disclosed. McLachlan and Lynch worked together for decades, with McLachlan working on Blue Velvet (1984) and […]
David Lynch, Surrealist Director Known For ‘Twin Peaks’ And ‘Blue Velvet,’ Passes At 78
BEVERLY HILLS, CA – FEBRUARY 27: Director David Lynch arrives at the David Lynch Foundation Gala held at the Beverly Wilshire Hotel on February 27, 2014 in Beverly Hills, California. (Photo by Kevin Winter/Getty Images) OAN Staff Brooke Mallory1:41pm – Thursday, January 16, 2025 David Lynch, the legendary director who explored the complexities of everyday […]
David Lynch, Visionary Director of ‘Mulholland Dr.’ and ‘Twin Peaks,’ Dead at 78
David Lynch, the filmmaker whose stirring and surreal creative vision captivated mainstream audiences and elite moviegoers alike, has died. Oscar nominated director Dr. Mulholland, Blue Velvetand TV series twin peaks He was 78 years old. David Lynch's death was announced Thursday in a Facebook post from his family. “It is with great sadness that we, […]