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GBPUSD Volatility Expectations For Wednesday’s CPI Print

GBPUSD Volatility Expectations For Wednesday’s CPI Print

Photo by Colin Watts on Unsplash   On Wednesday, May 22, the UK CPI data will be released. This CPI print is in a major focus as investors want to know whether the Bank of England is winning the inflation battle. A surprise print to the upside or the downside is likely to send the GBP on a sharp […]
Hex Trust launches first native stablecoin USDX on Flare blockchain

Hex Trust launches first native stablecoin USDX on Flare blockchain

Hong Kong-based crypto custodian Hex Trust Group has issued USDX, the first native stablecoin on Flare Network, an EVM-based layer 1 blockchain. The stablecoin will be available for use across lending protocols and exchanges.USDX’s launch comes with a unique staking mechanism, enabled through a dedicated T-Pool created by Clearpool, a decentralized credit marketplace. Users staking […]
Today, Traders Are Focused On Canadian Inflation Data

Today, Traders Are Focused On Canadian Inflation Data

Image source: Pixabay  At Monday’s close, the Dow Jones Index (US30) was down 0.49%, while the S&P 500 Index (US500) was up 0.09%. The Nasdaq Technology Index (US100) closed positive 0.65% and set a new all-time high. A negative factor for the indices was the strengthening of the US dollar amid hawkish comments from FOMC representatives. San Francisco Fed President Daly, Atlanta Fed […]
Microsoft Has Joined 4 Other AI PC Manufactures With Two Copilot+ PC Models

Microsoft Has Joined 4 Other AI PC Manufactures With Two Copilot+ PC Models

Image Source: Unsplash  IntroductionI wrote previously that, according to an analysis by research firm Gartner, the AI Personal Computer (PC) market is set to explode in 2024 from 10% of shipments in 2023 to 22% and, according to the research firm, Canalys, the AI PCs sector is set to rise at a compound annual growth rate of 64% between now and 2027 making up […]
Euro/Dollar In Consolidation

Euro/Dollar In Consolidation

By RoboForex Analytical DepartmentThe EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range.This week sees few significant US statistics releases, which could provide investors with insights into future interest rate movements. However, numerous speeches from US Federal Reserve members are expected. Investors will be keenly listening for any indications […]
Daily Market Outlook – Tuesday, May 21

Daily Market Outlook – Tuesday, May 21

Image Source: Pexels  Asian stocks paused on Tuesday after a seven-day winning streak. Profit-taking by investors led to a decline in Chinese stocks. Hong Kong’s equity market also experienced a downturn, with Li Auto leading the losses in the MSCI Asia Pacific index due to lower-than-expected first-quarter vehicle sales. Japanese stocks remained steady thanks to positive […]
Copper Commodity Elliott Wave Technical Analysis

Copper Commodity Elliott Wave Technical Analysis

Copper Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse wave Position -Wave 3 Direction – Wave 3 is still in progress Details – Price rallied above 5.00 major level as wave 3 seeks completion. There is still room for more upside before the price turns down for wave 4 pullback.Copper has been one of the strongest […]
Forex Today: Gold, Silver Weaken

Forex Today: Gold, Silver Weaken

depositphotos After reaching new record highs, the precious metals Gold and Silver experienced selling pressure and sold off. Precious metals have fallen back from their recent new highs, with the past few hours seeing declines in Gold and Silver give back some of their gains. However, trend traders will still be looking to be involved on the long side. The industrial metal […]
Ethereum Commentary – Tuesday, May 21

Ethereum Commentary – Tuesday, May 21

ETH Jumps on SEC OptimismEthereum prices are trading sharply higher today in response to two Bloomberg analysts tweeting yesterday that they are hearing chatter that the SEC will approve ETH ETFs this week. The futures market has spiked almost 20% since yesterday, driving crypto prices higher across the board, in response to the development. It […]
Bitcoin $80,000?

Bitcoin $80,000?

It really is 2021 all over again.This inverted head and shoulders pattern suggests a move to about $80,000.More By This Author:Deep Dive Into 7 ShortsNatural Gas Enthusiasts Rejoice: Long-Term Sinewave Continues To PerformBearish Bets Amid Market Highs