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GBP/USD Holds Below 1.2500 Ahead Of BoE Rate Decision

GBP/USD Holds Below 1.2500 Ahead Of BoE Rate Decision

Image Source: Unsplash GBP/USD trades on a softer note near 1.2495 in Thursday’s early Asian session.  Fed’s Collins emphasized the need to stay higher for longer, as it will take longer than previously thought to bring inflation down. The BoE is widely expected to keep its policy rate unchanged at 5.25% on Thursday.  The GBP/USD pair remains on the defensive around 1.2495 on […]
NZD/USD Price Analysis: Bulls Stuck At 0.6000 As Momentum Lightens

NZD/USD Price Analysis: Bulls Stuck At 0.6000 As Momentum Lightens

Photo by Thomas Coker on Unsplash Indicators on the daily chart shows decelerating bullish momentum. The RSI on the hourly chart indicates fluctuating buying and selling pressures, despite its position in the positive zone. For bulls to avoid losses, they must defend the key 20-day SMA. The NZD/USD pair maintains a strong bearish bias despite recent upward movements […]
AUD/USD Weakens Further As US Treasury Yields Boost US Dollar

AUD/USD Weakens Further As US Treasury Yields Boost US Dollar

Image Source: Pixabay AUD/USD drops 0.26%, pressured by higher US Treasury yields and risk aversion, contributing to a 0.70% two-day decline. RBA keeps rates steady; nuanced inflation comments lead to negative market reaction for AUD/USD. US Fed caution echoed by Boston Fed President Susan Collins, warning against premature rate cuts amid September cut expectations. The Australian […]
Nexo unleashes $12M token airdrop

Nexo unleashes $12M token airdrop

To celebrate its 6th birthday, Nexo has unveiled its biggest-ever airdrop – The Hunt for $12M in NEXO *. Participants get points on the Nexo platform through top-ups, earning interest, crypto-backed credit, and trading spot and futures**. The airdrop campaign launches today, May 8, 2024, and ends on July 6, 2024. $12M in NEXO Tokens* will […]
EUR/USD Stuck Near Midrange Ahead Of Thin Thursday Session

EUR/USD Stuck Near Midrange Ahead Of Thin Thursday Session

Image Source: Pixabay European markets to be thin on Thursday holiday. Economic calendar limited on both sides of the Atlantic. Broader markets continue to churn on rate cut expectations. EUR/USD is reverting to the near-term mean, stuck near 1.0750 and stuck firmly in the week’s opening trading range. European market flows are set to be thin […]
Elliott Wave Perspectives On S&P 500 & Nasdaq100

Elliott Wave Perspectives On S&P 500 & Nasdaq100

Image Source: UnsplashToday’s Stock Market Overview: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Elliott Wave Analysis Indices: Nasdaq 100 and SP500 Wave (iv) of i) of 3 of (5) of 3). Waiting for the top of Wave i) and then the (a) (b) […]
Toast About To Pop?

Toast About To Pop?

Image Source: PixabayHere’s another speculative long idea: Toast (TOST), which is looking ready to launch off its base.More By This Author:Microsoft TrendlineOscar Health: A Beacon Amidst The UptrendIs College Still Worth It?
Current Analysis: United Microelectronics

Current Analysis: United Microelectronics

Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Founded in 1980, United Microelectronics (UMC) is the world’s third-largest dedicated chip foundry, with a 7% market share in 2023 after TSMC and GlobalFoundries.UMC’s headquarters are in Hsinchu, Taiwan, and it operates 12 […]
House passes resolution overturning SEC rule on crypto and digital asset custody

House passes resolution overturning SEC rule on crypto and digital asset custody

The US House of Representatives has passed Representative Mike Flood’s (NE-01) bipartisan H.J.Res. 109, which aims to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 under the Congressional Review Act (CRA).The resolution seeks to protect consumers by removing roadblocks that prevent highly regulated financial institutions and firms from acting as custodians […]
To Prevent A Banking Crisis, The FED Must Cut

To Prevent A Banking Crisis, The FED Must Cut

Image Source: PexelsIn 2009, 140 banks failed, and a recent report from financial consulting firm Klaros Group says that hundreds of banks are at risk of going under this year. It’s being billed mostly as a danger for individuals and communities than for the broader economy, but for stressed lenders across America, a string of small bank failures could […]