Bitcoin Options Traders Divided Before Jackson Hole Meeting
Simply put Bitcoin traders appear divided, with approximately equal volumes of bullish and bearish trades. Market participants will be keen to gauge Federal Reserve Chair Jerome Powell’s tone, especially in the absence of clear decisions regarding interest rate cuts. Despite recent fluctuations, crypto’s bullish market structure remains promising over the long haul. Bitcoin traders find […]
DXY: US Dollar Looks for Guidance Around 98.00 as Forex Traders Prepare for Important Fed Week
Key Points: The US dollar experiences fluctuations in Forex trading. Minutes from a recent meeting will be released on Wednesday. Fed Chair Powell is set to speak on Friday. The US Central Bank will release minutes on Wednesday, and Powell is expected to make significant statements on Friday that could influence billions of dollars indirectly. […]
GBP/USD stays close to 1.3540 as traders look forward to the Ukraine-Russia outcome and Powell’s speech.
GBP/USD remains steady amid hopes for a ceasefire between Trump and Putin, offsetting a quiet economic calendar. Market awaits Powell’s speech at Jackson Hole, along with FOMC Minutes and US PMI data. The UK’s CPI is anticipated to be 3.7%, adding pressure on the BOE after a 25 bps cut in the last meeting. The […]
Solana’s SOL and XRP Fall 5% Due to Profit-Taking; Bitcoin Traders Observing Gold Divergence
Crypto Markets Steady as Traders Await Fed Decision As we head into Monday, the crypto market appears to be trading sideways. Bitcoin is hovering around $115,000, while ether has crossed the $4,200 mark. It’s a bit of a waiting game for traders, as they ponder over whether potential rate cuts from the Fed in September […]
EUR/GBP weakens below 0.8650 as traders prepare for US-Ukraine discussions
The EUR/GBP has dipped to nearly 0.8630 during early European trading on Monday. The UK’s economic growth slowed by 0.3% in the second quarter, but this decline was better than economists had predicted. Investors are paying close attention to the upcoming meeting between Trump and Zelensky later on Monday. The EUR/GBP is expected to trend […]
I’m a psychologist who advises day traders. Here’s why many struggle and what I recommend they do differently.
This discussion draws from insights shared by psychologist Andrew Meneker, a day trading coach based in San Francisco. The text has been edited for brevity and clarity. To begin with, I never intended to become a coach specializing in trading psychology. Actually, years back, my knowledge of the market was nearly non-existent—my college experience included […]
XRP Update: Uncertainty Over ETF Timing Leaves XRP Traders Anxious
The iShares BTC Trust (IBIT) and iShares Ethereum Trust (ETHA) lead the way in the crypto spot ETF market. This emphasizes BlackRock’s notable presence in the XRP spot ETF arena. Nate Geraci, president of Nova Dius Wealth, recently shared his thoughts on the future of the iShares XRP Trust application. “I am quite confident that […]
GBP/USD remains stable above 1.3550 as traders anticipate UK GDP and US PPI data.
GBP/USD remains steady near 1.3575 during Thursday’s Asian session. The UK’s unemployment rate has climbed to 4.7%, the highest in four years, amid economic downturn. Attention will be on the UK Q2 GDP report and the US PPI data for July later on Thursday. During the Asian trading hours on Thursday, the GBP/USD pair is […]
Bitcoin reaches all-time high as traders anticipate liquidations will push BTC past $125K
Bitcoin Hits New All-Time High On Wednesday, Bitcoin (BTC) surged beyond $123,231 at Coinbase, setting a new all-time high. This increase in Bitcoin’s value occurred just one day after the US Consumer Price Index (CPI) report showed inflation stabilizing at 2.7% year-on-year. The data reflected a 0.2% rise in overall CPI, compared to a 0.3% […]
Ether moving closer to record highs as traders anticipate $13K ETH price
Key Highlights ETH prices increased by 10% today, approaching a historic high of $4,867. More than $2.3 billion is set to flow into Ethereum ETFs over the next six days. Some traders suggest ETH could climb as high as $13,000 if it enters a price discovery phase. On Wednesday, Ether (ETH) surpassed the $4,600 mark, […]