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Kabosu, beloved Shiba Inu and face of iconic ‘Doge’ meme, passes away

Kabosu, beloved Shiba Inu and face of iconic ‘Doge’ meme, passes away

Kabosu, the Shiba Inu who basked in attention as the face of the iconic “Doge” meme, inspiring the creation of Dogecoin, has passed away peacefully today at the age of 17.Her owner, Atsuko Sato, announced the news on her official blog, expressing gratitude for the love and support shown to Kabo-chan over the years. A […]
Overbought, Tired US Equity Indices Saw Thu’s NVDA-Induced Early Strength Dissipate Quickly – For Nasty Reversal By Close

Overbought, Tired US Equity Indices Saw Thu’s NVDA-Induced Early Strength Dissipate Quickly – For Nasty Reversal By Close

An overbought market that increasingly looked fatigued used Thursday’s NVDA-ignited early pop as an opportunity to lock in gains. After this intraday reversal, bulls are running out of catalysts – for now. On the 15th (this month) when April’s softer-than-expected consumer price index was reported, the S&P 500 staged a breakout. The large cap index peaked […]
EUR/GBP Forecast: Testing Support

EUR/GBP Forecast: Testing Support

So, the fact that we bounced from here probably shouldn’t be a huge surprise. Nonetheless, I think this is a market that you need to pay close attention to, because if we do break down from here, it could end up being a major turn of events. This is an area, though, that has been […]
The Australian Dollar Rapidly Depreciates

The Australian Dollar Rapidly Depreciates

The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar’s robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts.The minutes from the Fed’s recent meeting have revealed concerns among policymakers about the possibility […]
Ethereum ETF approval sees minor decline in broader market, $400M in liquidations

Ethereum ETF approval sees minor decline in broader market, $400M in liquidations

After the dust settled on the craze around the SEC’s approval of Ethereum ETFs, the crypto market saw high levels of volatility. Data from CoinGecko shows that the top 20 digital assets (by market cap, excluding stablecoins) saw losses of roughly 3% each. Broadly, Bitcoin (BTC) and Ethereum (ETH) saw declines of 3.4% and 3.5%, […]
Bovespa Index Elliott Wave Technical Analysis

Bovespa Index Elliott Wave Technical Analysis

Bovespa Index  Elliott Wave Analysis Trading Lounge Day Chart,      Bovespa Index  Elliott Wave Technical Analysis  FUNCTION: Trend                                              MODE:corrective                               […]
Pendulum Swings Back To Hawkish Fed Pricing

Pendulum Swings Back To Hawkish Fed Pricing

The big story in the second half of the week has been a run of US calendar events that have fueled a hawkish repricing of Fed rate cut bets. The combination of the hawkish Fed Minutes, stronger jobless claims data, and robust PMIs have all resulted in the market getting back to pricing closer to […]
USD/JPY Forecast: USD Climbing Against Yen

USD/JPY Forecast: USD Climbing Against Yen

Furthermore, you have to keep in mind that the PMI numbers in the United States came out hotter than anticipated during the trading session on Thursday. So that suggests that the fed still has a lot of work to do. Now, whether or not that’s true or whether or not that actually ends up being […]
Analytical Overview Of The Main Currency Pairs – Friday, May 24

Analytical Overview Of The Main Currency Pairs – Friday, May 24

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0822 Prev Close: 1.0815 % chg. over the last day: -0.06 % The euro initially increased on Thursday because of stronger-than-expected first-quarter Eurozone payroll reports and May S&P Manufacturing PMI. However, strong economic reports from the US bolstered the prospects that the Federal Reserve would further delay […]
Setting The Stage For Another Test Of The Bank Of Japan’s  Intervention Resolve ?

Setting The Stage For Another Test Of The Bank Of Japan’s  Intervention Resolve ?

Image Source: DepositPhotosThe S&P Global US PMI survey data outperformed expectations, giving the US dollar a notable boost overnight and reversing most losses incurred after the recent coolish US CPI data release. Getting anxious over minor rate-cut pricing is usually unwarranted, especially early in the year. However, the positive PMI results and the most significant […]