The decline in Bitcoin’s momentum is due to pre-FOMC risk reduction, not a shift in trend.
Key Points Bitcoin’s price compression and Bollinger Band indicate that a range expansion may be imminent. This week’s initial price weakness might stem from traders reducing risk ahead of Wednesday’s White House update regarding FOMC, crypto policy, and the Bitcoin Strategic Reserve. On Tuesday, Bitcoin (BTC) is still trading within the range of $117,000 to […]
USD/JPY Price Outlook: Increasing 20-day EMA indicates a significant upward trend
USD/JPY falls to about 148.35 after a three-day winning streak. US tariff agreements bolster the US dollar. Market participants are keenly awaiting monetary policy updates from the Fed and BOJ this week. The USD/JPY pair dipped to around 148.35 during the late Asian trading session on Tuesday, having difficulty maintaining its three-day run of gains. […]
EUR/USD Price Outlook: Positive trend persists as long as it stays above 1.1700, 100-SMA on H4
The EUR/USD is having a tough time taking advantage of a small bullish gap stemming from the US-EU trade agreement. The technical indicators suggest there might be opportunities for buying dips as the USD weakens. Nevertheless, traders are likely to hold off until after the two-day FOMC meeting results. The EUR/USD pair is kicking off […]
Coffee shops have become like offices in corporate America. A more enjoyable café atmosphere is resisting this trend.
Coffee Culture and Digital Life In Sarajevo, I found myself being told to leave a coffee shop by an elderly Muslim Bosniak owner. The issue? I simply pulled out my computer and began typing. It seems I had inadvertently violated some unspoken rule of coffee shop etiquette. Perhaps, the future isn’t about rejecting digital life […]
The 90s trend of letting kids be wild over the summer has returned.
90s Trends Reemerge: The Wild Children’s Summer Low-rise jeans and Abercrombie & Fitch aren’t the only trends from the 90s making their way back into our lives. A nostalgic wave has led parents to forgo structured day camps and enrichment programs in favor of what’s being dubbed the “Wild Children’s Summer,” reminiscent of the era […]
Australian Dollar continues its winning trend after better-than-expected PMI data
The Australian dollar reached a new eight-month high of 0.6617 on Thursday. S&P Australia’s combined PMI increased to 53.6 in July, the highest since April 2022. US Treasury Secretary Scott Beast mentioned that the next Federal Reserve Chair candidate might be named in December or January. The Australian Dollar (AUD) continued to gain against the […]
Men Can Still Change a Troubling Trend That Affects Their Mental Health
There’s a notable reading crisis among men today. Instead of diving into nonfiction or getting lost in novels, many seem to prefer sports betting, scrolling through social media, playing video games, or consuming adult content. It’s pretty disheartening to think about. One main reason for this shift seems to be that the publishing industry largely […]
GBP/USD maintains upward trend as the Dollar keeps losing strength
GBP/USD climbed above 1.3500 for the first time in over a week. The US dollar is continuing its retreat, which has increased demand for GBP. The PMI data is set to be released on Thursday, while trade and Fed news remain in focus. On Tuesday, GBP/USD saw its second consecutive day of gains, primarily due […]
AUD/USD Forex Signal 22/07: Upward Trend Remains Strong (Chart)
Optimistic Outlook Buy the AUD/USD pair and aim for a target at 0.6600. Set a stop loss at 0.6450. Duration: 1-2 days. Pessimistic Outlook Sell the AUD/USD pair and target a price of 0.6450. Implement a stop loss at 0.6600. The AUD/USD currency pair stayed within an upward trend shortly after announcements from the Reserve […]
GBP/USD Price Outlook: Stays above 1.3400 even with a continued downward trend
GBP/USD Update GBP/USD might find initial support at 1.3365, reaching a two-month low. The 14-day relative strength index has dipped below 50, which strengthens the bearish outlook. Key resistance seems to be around the 1.3460 area, near the 9-day EMA. The GBP/USD pair is trading near 1.3420 during Asian trading hours on Monday, showing a […]