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BTC/USD Forex Signal: Forecast As Bitcoin Forms A Double Top

BTC/USD Forex Signal: Forecast As Bitcoin Forms A Double Top

Bearish view Sell the BTC/USD pair and set a take-profit at 64,000. Add a stop-loss at 68,500. Timeline: 1-2 days  Bullish view Buy the BTC/USD pair and set a take-profit at 68,500. Add a stop-loss at 64,000. Bitcoin price remained under pressure on Monday morning as the recent bullish momentum faded. The BTC/USD pair was trading at […]
Two Trades To Watch: EUR/USD, Oil Forecast – Monday, June 17

Two Trades To Watch: EUR/USD, Oil Forecast – Monday, June 17

Image Source: Pixabay  EUR/USD steadies with political uncertainty still at the forefront Worries regarding France’s fiscal outlook hit the EUR Far-right & left parties point to heavy spending EUR/USD tests 1.07 support EUR/USD is holding steady at the start of the new week after experiencing its worst weekly performance in two months in the previous week. […]
Gold Price Attracts Some Sellers On Hawkish Fed-inspired USD Strength

Gold Price Attracts Some Sellers On Hawkish Fed-inspired USD Strength

Gold price (XAU/USD) meets with a fresh supply during the early European trading hours and erodes a part of Friday’s positive move in the wake of the Federal Reserve’s (Fed) hawkish surprise. In fact, policymakers lowered their forecast for the number of rate cuts this year to one from three projected in March. This remains supportive of elevated […]
USD/CHF Rebounds Above 0.8900 As Fed’s Hawkish Remarks Boost US Dollar

USD/CHF Rebounds Above 0.8900 As Fed’s Hawkish Remarks Boost US Dollar

The USD/CHF pair snaps the three-day losing streak around 0.8910 during the early European session on Monday. The firmer US Dollar (USD) in the wake of the Federal Reserve’s (Fed) hawkish stance, with the projection for only one rate cut in 2024, provides some support to the pair. Switzerland’s SECO Economic Forecasts are due later on […]
Is The S&P 500 Equal Weight ETF A Good Investment? 
                    
Invesco’s equal weight ETF is lagging

Is The S&P 500 Equal Weight ETF A Good Investment? Invesco’s equal weight ETF is lagging

Image Source: Pixabay   The Invesco S&P 500 Equal Weight ETF has risen by over 4% this year. It has underperformed the broader market, which has risen by 14%. The fund has a long history of underperforming the S&P 500. The Invesco S&P 500 Equal Weight ETF (RSP) has grown substantially since I wrote about it in […]
Solana Whales Down As Render Continues To Bleed! Is Raboo The Answer To Regain Their Profits?

Solana Whales Down As Render Continues To Bleed! Is Raboo The Answer To Regain Their Profits?

There is concern in the crypto market right now with many tokens, including big names, going through strong declines. Solana, ranked number 5 with a market cap of $68 billion has seen its value drop significantly and that has raised concerns for its investors. Render (RNDR) has also undergone similar troubles in decline, leading investors […]
Why Is The Stock Market Down Today Here Are 4 Reasons?: Let’s Rumble

Why Is The Stock Market Down Today Here Are 4 Reasons?: Let’s Rumble

On any given day, the stock market may experience a downturn, and investors scramble to find the reasons behind the drop. While there might be various factors at play, this essay will explore four unique and compelling reasons why the stock market could be down today:1. Geopolitical Tensions and Global Conflicts: Geopolitical tensions and global […]
EUR/USD Consolidates As Investors Look For Fresh Cues On Fed’s Policy Outlook

EUR/USD Consolidates As Investors Look For Fresh Cues On Fed’s Policy Outlook

EUR/USD trades around 1.0700, and remains on the backfoot amid French elections uncertainty. Investors worry the French economy will face a financial crisis if the far right forms a new government. The US Dollar will dance to the tunes of the US Retail Sales data. EUR/USD trades in a tight range near the crucial support […]
China’s Sluggish May Economic Data To Increase Calls For Rate Cuts

China’s Sluggish May Economic Data To Increase Calls For Rate Cuts

The People’s Bank of China has kept the MLF rate unchanged amid growing pressure from sluggish economic data to further ease policy. depositphotos Rates still on hold but likelihood of cuts are risingThe People’s Bank of China kept the one-year medium-term lending facility rate unchanged at 2.5% today, in line with market expectations.  Last Friday’s May aggregate financing data rebounded […]
AUD/USD Forex Signal: Forecast Ahead Of The RBA Decision

AUD/USD Forex Signal: Forecast Ahead Of The RBA Decision

Bearish view Sell the AUD/USD pair and set a take-profit at 0.6530. Add a stop-loss at 0.6700. Timeline: 1-2 days. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6700. Add a stop-loss at 0,6530. The AUD/USD pair retreated after last week’s hawkish Federal Reserve decision. It dropped to the important support at […]