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Thai SEC approves its first Bitcoin ETF with limited access to institutional investors

Thai SEC approves its first Bitcoin ETF with limited access to institutional investors

The Securities and Exchange Commission (SEC) of Thailand has endorsed One Asset Management (ONEAM) as the first firm to launch a spot Bitcoin exchange-traded fund (ETF) in the country.The fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), is scheduled for distribution between May 31 and June 6, with […]
Japanese Yen Strengthens Unexpectedly Against US Dollar

Japanese Yen Strengthens Unexpectedly Against US Dollar

Image Source: Pixabay  The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33.Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen, significantly impacting the market. Official data reveals that throughout April, Japan spent approximately 9.79 trillion yen (62.2 billion USD) on efforts […]
Median Household Income In April 2024

Median Household Income In April 2024

Motio Research’s initial estimate of U.S. median household income in April 2024 is $78,238. That figure represents a $67 (+0.1%) increase from the firm’s initial median household income estimate of $78,171 for March 2024.The firm also announced its first projection of the U.S. Census Bureau’s annual estimate of median household income for the 2023 calendar year, which won’t be announced […]
Oil Prices Decreased For The 5th Consecutive Session

Oil Prices Decreased For The 5th Consecutive Session

Image Source: Pixabay  At Monday’s close, the Dow Jones Index (US30) was down 0.30%, while the S&P 500 Index (US500) added 0.11%. The Nasdaq Technology Index (US100) closed positive 0.56% yesterday. The general market’s gains were limited as economic concerns pressured stocks after activity in the US manufacturing sector unexpectedly declined last month. In addition, energy stocks came under pressure after WTI crude […]
BTC/USD Forex Signal: Inverse Head And Shoulders Pattern Forms

BTC/USD Forex Signal: Inverse Head And Shoulders Pattern Forms

Bullish view Buy the BTC/USD pair and set a take-profit at 73,810. Add a stop-loss at 65,000. Timeline: 1-2 days.  Bearish view Set a sell-stop at 69,000 and a take-profit at 66,000. Add a stop-loss at 72,000.  Bitcoin price rose slightly this week after the relatively weak US manufacturing PMI numbers and as risky assets […]
Elliott Wave Technical Analysis: Euro/British Pound – Tuesday, June 4

Elliott Wave Technical Analysis: Euro/British Pound – Tuesday, June 4

Image Source: Pixabay  EURGBP Elliott Wave Analysis Trading Lounge Day Chart,Euro/British Pound(EURGBP) Day ChartEURGBP Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE:impulsiveSTRUCTURE: orange wave CPOSITION: navy blue wave YDIRECTION NEXT HIGHER DEGREES:new uptrendDETAILS: orange wave B of navy blue wave Y looking completed, now orange wave C is in play.The EURGBP Elliott Wave Analysis for the day chart provides an in-depth look […]
Two Trades To Watch: GBP/USD, DAX Forecast – Tuesday, June 4

Two Trades To Watch: GBP/USD, DAX Forecast – Tuesday, June 4

Image Source: Pixabay  GBP/USD falls as the USD recovers ahead of factory orders & Job openings UK BRC retail sales are softer than expected US job openings & factory orders up next Buyers need a move above 1.28  GBP/USD is holding steady around 128, its highest level since mid-March, as it struggled to extend yesterday’s gains […]
EUR/GBP Forecast: Giving Up Gains

EUR/GBP Forecast: Giving Up Gains

The euro shot higher in the early hours against the British pound on Monday, but just as we had seen on Friday, it looks like there is still a lot of selling pressure. This could be due to the fact that the euro is having to come to terms with the ECB cutting rates in […]
Ronin Gearing Up For The Next Leg To The Upside

Ronin Gearing Up For The Next Leg To The Upside

RON is the native cryptocurrency of Ronin which is an EVM blockchain crafted for developers building games with player-owned economies. In today’s article, we’ll dive into the daily Elliott Wave structure taking place and we’ll explore the potential path based on the Theory.Since November 2022, $RON traded higher within an impulsive 5 waves advance. From $0.196 low to a peak […]
OPEC+ And Oil’s Seasonals

OPEC+ And Oil’s Seasonals

Image Source: Unsplash  Over the weekend OPEC+ agreed to extend their collective production cuts through to the end of 2025.Previously, the cuts of around 3.6 million bpd, were expected to end this year. On top of this, the voluntary cuts from eight states of around 2.2 million bpd were extended from the end of Q2 2024 […]