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Trump says US must lead in crypto or risk China’s takeover

Trump says US must lead in crypto or risk China’s takeover

Key Takeaways Donald Trump emphasized the need for the US to lead in the crypto sector. He has chosen Ohio Senator JD Vance, known for his crypto-friendly stance, as his vice presidential running mate for the 2024 Republican ticket. If the US doesn’t lead in crypto, another country, likely China, will, said Donald Trump in […]
Market Briefing For Wednesday July 17

Market Briefing For Wednesday July 17

Straight-forward news – virtually in real-time, may be the winner thus far as a confounded Nation’s media continues sifting through information. By doing so, they have largely missed the transparency, if not always accuracy, of ‘live streaming’ such as we saw from Trump’s Butler PA rally, in some cases both a more accurate, and timely picture than mainstream media […]
Rates Spark: Pricing Of ECB Cuts Facing Limits

Rates Spark: Pricing Of ECB Cuts Facing Limits

Image Source: Pexels  Markets are now pricing in 48bp of ECB cuts in 2024, just shy of two full 25bp cuts. The rate-cutting narrative building in the US was the main driver of the increase, but in our view, the spillovers will be more limited. The Fed’s Beige Book is scheduled for later today.  Market pricing for […]
Forex: Federal Reserve Easing Vs. The Impact Of The Trump Trade

Forex: Federal Reserve Easing Vs. The Impact Of The Trump Trade

Image source: Pixabay  Apart from those trading in JPY today, FX traders find themselves in a deadlock, caught in the tug-of-war between the Federal Reserve easing and the Trump Trade.Despite the uptick in U.S. real retail sales, there’s a consensus that the retail sector faces potential headwinds. Factors such as tempered consumer spending growth, moderate inflation, […]
Bitcoin Is “A Buy” On Dips

Bitcoin Is “A Buy” On Dips

Image Source: Pexels  Cryptos making some new recovery, and we have been talking about this in our past update. Looking at recent development it appears that there is more upside is to come,  especially after some near-term setback which may unfold still this in next few days, and then more upside after potential Ethereum ETFs launch. […]
Avoiding Lost Profits

Avoiding Lost Profits

Image Source: Pexels  How does one avoid losing their profits unnecessarily? It isn’t a perfect science, but there are things you can do to better position you to book profits in a more systematic way. Also, I talk about trailing stop losses and keeping stop losses way too tight.Audio Length: 00:22:48More By This Author:RSP Vs. SPY: […]
Chinese businessman linked to Steve Bannon found guilty of running billion-dollar crypto scam

Chinese businessman linked to Steve Bannon found guilty of running billion-dollar crypto scam

Key Takeaways Guo Wengui was convicted on multiple charges including fraud and money laundering. The SEC has separately charged Guo for H-Coin, his fraudulent crypto venture. Guo Wengui, a Chinese businessman linked to Steve Bannon, was found guilty on nine of the 12 criminal counts for charges including fraud, racketeering, and money laundering.In a statement […]
EUR/GBP Loses Momentum Below 0.8400 As Traders Trim BoE Rate Cut Bets After UK CPI Data

EUR/GBP Loses Momentum Below 0.8400 As Traders Trim BoE Rate Cut Bets After UK CPI Data

 Image Source: Pixabay   EUR/GBP loses ground around 0.8390 in Wednesday’s European session, down 0.13% on the day.  Traders trim the BoE rate cut bets for August after the UK CPI inflation data.  The Eurozone HICP inflation data is due later on Thursday, which is expected to show an increase of 0.2% MoM in June.  The […]
Forex Today: Gold Makes New All-Time High Above $2,480

Forex Today: Gold Makes New All-Time High Above $2,480

Image Source: Unsplash  Gold has continued its strong rally by rising very firmly yesterday, trading at a new all-time high during today’s Asian session above $2,480.  Gold is the standout asset in the market today, after it rose strongly yesterday to close at a new all-time high, before trading still higher during today’s Asian session. Trend traders […]
XRP Breaks $0.60 As Sentiment Turns Bullish

XRP Breaks $0.60 As Sentiment Turns Bullish

 Image Source: Freepik   XRP shows strong upward momentum with recent price movements. Analysts have identified key indicators signaling future trends. Key price levels are being closely watched for potential breakthroughs. Crypto market participants are expecting XRP to break out soon. The bullish sentiment resonates as XRP broke past the $0.60 level, up from $0.43 last […]