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EUR/GBP Trades Lower As French Election Risks And Weak German Data Weigh

EUR/GBP Trades Lower As French Election Risks And Weak German Data Weigh

 Image Source: Pixabay   EUR/GBP loses ground on the risks to the EU of a far-right victory in Sunday’s French elections.  Weak German IFO data further weighs whilst the Pound gains some support from firm Retail Sales data.  Pound Sterling manages to exorcize some of the dovishness from the BoE’s June meeting.  EUR/GBP is trading lower […]
German government entity transfers 900 BTC to Kraken and Coinbase, sparks selling concerns

German government entity transfers 900 BTC to Kraken and Coinbase, sparks selling concerns

A wallet linked to the German Federal Criminal Police Office (BKA) transferred 400 Bitcoin (BTC) worth approximately $24.34 million to Coinbase and Kraken on Tuesday morning, Arkham Intelligence reports. An additional 500 BTC ($30.4 million) was moved to an untagged address labeled “139Po.”These transactions follow significant Bitcoin movements last week, with $130 million sent to […]
Fed Speakers, Bank Stress Tests, Micron Earnings

Fed Speakers, Bank Stress Tests, Micron Earnings

Photo by Joshua Sortino on Unsplash  Coming off the Nasdaq Composite’s worst day in the last few months, Nasdaq futures point to a higher open this morning as do those for the S&P 500. Some of that lift is due to the pre-market rebound in Nvidia (NVDA) shares following their double-digit slide in recent days. But even after that recent […]
Elliott Wave Technical Forecast : Unlocking ASX Trading Success: Amcor Plc

Elliott Wave Technical Forecast : Unlocking ASX Trading Success: Amcor Plc

Image Source: Pixabay  ASX: Amcor Plc – AMC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Amcor Plc – AMC. We see that AMC is about to continue pushing higher with the 3-grey wave of (3)-orange.ASX: Amcor Plc – AMC Elliott Wave Technical Analysis  ASX: Amcor Plc – AMC 1D […]
USD/JPY Price Analysis: Shies From 160.00 As Japan’s Intervention Fears Intensify

USD/JPY Price Analysis: Shies From 160.00 As Japan’s Intervention Fears Intensify

 Image Source: Pixabay   USD/JPY faces pressure in an attempt to recapture 160.00 as fears of Japan’s intervention deepen. The BoJ looks to raise interest rates further as weak Yen continues to boost inflationary pressures. The US Dollar will be guided by the US core PCE inflation data for May. The USD/JPY pair exhibits a subdued performance slightly […]
Nervous Calm Hangs Over The Markets

Nervous Calm Hangs Over The Markets

Image Source: Pixabay  Overview:  San Francisco Federal Reserve President Daly spoke aloud what many are thinking. The US labor market may be at an inflection point. The four-week moving average of weekly jobless claims is at the highest since last September and the early call for July nonfarm payrolls is about 185k, which if true, would be […]
Rates Spark: Words Don’t Solve Fiscal Problems

Rates Spark: Words Don’t Solve Fiscal Problems

Image source: Pixabay  Sentiment showed some signs of positivity, with OAT spreads narrowing on the back of moderating comments from Le Pen’s party. Having said that, the fiscal challenges France is facing are structural and it’s difficult to see an election outcome that will help improve the fiscal picture.  Comforting words don’t solve France’s fiscal challengeEuropean […]
Brent Crude Oil Hits Two-Month High Amid Geopolitical Tensions

Brent Crude Oil Hits Two-Month High Amid Geopolitical Tensions

Image Source: Pixabay  Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which shows no sign of abating despite the involvement of international mediators […]
Oil Is Trading At A 2-Month High

Oil Is Trading At A 2-Month High

Image Source: Unsplash  On Monday, the Dow Jones (US30) Index added 0.67% and rose to a one-month high, while the S&P 500 (US500) Index fell by 0.31%. The Nasdaq Technology Index (US100) closed negative 1.09% and fell to a one-week low. Weakness in technology stocks on Monday weighed on the Nasdaq 100 and the overall market after Truist Advisory Services downgraded the technology sector […]
AIOZ Network Looking To End A Corrective Decline

AIOZ Network Looking To End A Corrective Decline

AIOZ is an Ethereum token that powers Aioz Network, a (dCDN) Layer 1 blockchain: Decentralized Content Delivery Network . It powers AI computation, data storage, and seamless media streaming for decentralized applications (dApps) within the network.Starting in September of last year, AIOZ rallied for seven straight months, achieving a 9600% advance in wave ((1)). Down from there, it […]