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BTC/USD Forex Signal: Inverse Head And Shoulders Forms

BTC/USD Forex Signal: Inverse Head And Shoulders Forms

Bullish view Buy the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 64,000. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 64,000. Add a stop-loss at 68,000. Bitcoin retreated on Wednesday morning as concerns that the US might move to liquidate its vast holdings rose. […]
Bitcoin extends correction following Mt. Gox’s billion transfer

Bitcoin extends correction following Mt. Gox’s billion transfer

Key Takeaways Bitcoin experienced a significant price decline, falling below $66,000 after Mt. Gox’s new Bitcoin move. The impact of the Mt. Gox transfer on the market is uncertain, with some analysts suggesting creditors may hold onto their Bitcoin. The price of Bitcoin (BTC) fell below $66,00 on Tuesday and hit a low of $65,500 […]
Is This Crypto Skeptic Starting To See The Light?

Is This Crypto Skeptic Starting To See The Light?

Image Source: UnsplashI’ve never been a crypto bull. To me, crypto is a solution in search of a problem.Here are just a few of the issues I see with it: It was supposed to be an alternative currency, but it’s rarely used for transactions except by terrorists and hackers. It’s supposed to be a store of […]
Fed decision looms after US gov moves Bitcoin – here’s what to expect

Fed decision looms after US gov moves Bitcoin – here’s what to expect

Key Takeaways BOJ, Fed, and BOE are making crucial rate decisions this week. Global markets anticipate the impact of these central bank policies. The US Federal Reserve is set to announce its decision regarding interest rates this Wednesday afternoon at around 2PM EDT.As it stands, the Fed is not expected to announce cut rates just […]
LayerZero becomes default interoperability solution for Animoca Brands

LayerZero becomes default interoperability solution for Animoca Brands

Key Takeaways LayerZero is becoming the default interoperability solution for Animoca Brands. The collaboration focuses on enhancing Web3 gaming and digital content accessibility. Animoca Brands, a leader in digital property rights for gaming and the open metaverse, has inked a multi-year strategic partnership with LayerZero Labs, the team behind the omnichain interoperability protocol LayerZero. As […]
USD/CAD Depreciates To Near $75.50 Due To A Recovery In Oil Prices, Fed Decision Awaited

USD/CAD Depreciates To Near $75.50 Due To A Recovery In Oil Prices, Fed Decision Awaited

Photo by Michelle Spollen on Unsplash USD/CAD loses further as higher Oil prices support the commodity-linked Canadian Dollar. WTI rebounded from an eight-week low of $74.24 due to rising geopolitical tensions in the Middle East. The Fed is expected to keep rates unchanged at its July meeting. USD/CAD extends its losses after retreating from an eight-month high of […]
USD/CHF Technical Analysis: Downtrend Persists As Pair Fails To Break Key Resistance

USD/CHF Technical Analysis: Downtrend Persists As Pair Fails To Break Key Resistance

 Photo by Claudio Schwarz on UnsplashThe USD/CHF pair has recently shown some price action, suggesting that the overall downtrend remains intact. Let’s break down the key levels and potential scenarios for traders to watch. Recent Developments   USD/CHF failed to break above the resistance of the falling trend line on the 4-hour chart The pair pulled back from […]
SPDR ETF Report For Tuesday, July 30

SPDR ETF Report For Tuesday, July 30

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Tuesday, July 30.Video Length: 00:13:26More By This Author:Financial Markets Report For Tuesday, July 30Metal Markets Report For Monday, July 29SPDR ETF Report For Monday, July 29
Gold Price Holds Above $2,400 Mark, Looks To Fed For More Cues On Interest Rates

Gold Price Holds Above $2,400 Mark, Looks To Fed For More Cues On Interest Rates

Image Source: Pixabay Gold price struggles to capitalize on the previous day’s breakout momentum beyond $2,400. Geopolitical risks, modest USD downtick and global economic woes lend support to the metal. Traders keenly await the BoJ decision for a short-term impetus ahead of the Fed policy update.  Gold price (XAU/USD) shot to a multi-day peak around the […]
Market Bifurcation, Revisited; Plus Earnings For MSFT, SBUX, PINS & More

Market Bifurcation, Revisited; Plus Earnings For MSFT, SBUX, PINS & More

Image Source: PixabayTrading activity revisited the “bifurcation trade” today. As of the second week of July, the high-flying, tech-heavy Nasdaq and S&P 500 began tacking down while the blue-chip Dow and small-cap Russell 2000 worked their way higher. This was one of those trading days, with the Dow up +244 points, +0.60%, while the Nasdaq slid […]