Keep in mind that Bitcoin of course, is dealing with a very strong U.S. dollar, but perhaps more than anything else, it is dealing with the excess froth of rallying 92% in six weeks like it did after the announcement of the
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In the latter part of last week, tech delivered, helping the major US equity indices rally big. Two issues could make or mar this week. The FOMC meets, and two more tech behemoths report earnings. The FOMC meets this week,
Wild Swings in USDJPYWe’re seeing huge volatility in the Japanese Yen at the start of the week. After hitting fresh multi decade highs of above 160, USDJPY sharply retreated this morning, plunging lower by over 500 pips. The move suggests
It was a good week for the S&P 500 (SPX) jumped almost 2.7% over the previous week. The index closed the fourth week of April 2024 at 5,099.96.There were three main drivers behind the positive change from the preceding week: The
USD/CHF Elliott Wave Analysis Trading Lounge Day Chart,U.S.Dollar/Swiss Franc (USD/CHF)?Day Chart USD/CHF Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive
The USD/JPY forecast turned bearish as the markets plummeted from a whopping 160.00 level amid intervention fears. The pair pulled back sharply after breaching the $160.00 level as the yen got a big boost early in the session. Investors believe
Today’s market movement is particularly notable due to a public holiday in Japan, which has resulted in minimal market liquidity. This scenario made it relatively easy for investors to prompt significant changes in the quotes.Last week, the Bank of Japan
Image Source: DepositPhotosEnergy – Specs dump oilAfter a relatively strong end to the week the oil market has started the week under pressure. ICE Brent is trading back below US$89/bbl at the time of writing. Geopolitical risks appear to have eased considerably,
The EUR/USD pair struggles to sustain above the round-level resistance of 1.0700 in Monday’s European session. The major currency pair exhibits caution ahead of the release of key economic indicators in the Eurozone, such as preliminary Eurozone Q1 Gross Domestic Product (GDP) and the
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0728 Prev Close: 1.0629 % chg. over the last day: -0.33% The US dollar strengthened on Friday as stronger-than-expected US economic reports on March personal spending and PCE deflator for March proved
