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BTC/USD Forex Signal: Bitcoin Rises As A Risk-On Sentiment Prevails

BTC/USD Forex Signal: Bitcoin Rises As A Risk-On Sentiment Prevails

Bullish view Buy the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 60,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 64,000 and a take-profit at 60,000. Add a stop-loss at 67,000. Bitcoin price continued its strong comeback on Wednesday as the recent rally accelerated. The BTC/USD pair surged above 65,000 […]
FX Daily: Inflation Divergence Widens In G10

FX Daily: Inflation Divergence Widens In G10

Image Source: Unsplash  Many USD crosses are being kept in a stalemate by the Fed versus Trump dichotomy. Domestic inflation data has been in focus around the pro-cyclical G10 FX space in the past 24 hours. Sterling is trading higher after inflation flatlined in June, CAD suffered from softer CPI endorsing a BoC cut next week, […]
Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Wednesday, July 17

Elliott Wave Technical Analysis: U.S. Dollar/Japanese Yen – Wednesday, July 17

Image Source: Unsplash  USD/JPY Elliott Wave Analysis: Day ChartU.S. Dollar/Japanese Yen (USD/JPY) Day ChartUSD/JPY Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Navy Blue Wave 1 Position: Gray Wave 1 Next Higher Degree Direction: Navy Blue Wave 2 Details: Navy Blue Wave 1 is in play as a new downtrend. Wave Cancel Invalid Level: 162.039The USD/JPY Elliott Wave Analysis for the daily chart aims […]
USD/CHF Stays Near 0.8950, Focus Shifts To Fedspeak

USD/CHF Stays Near 0.8950, Focus Shifts To Fedspeak

Image Source: Pixabay USD/CHF holds steady as market participants await speeches from Fed members. Fed member Kugler indicated rates will be maintained longer if upcoming data does not confirm a slowdown in inflation. Swiss 10-year bond yield declined to near 0.54%, nearing its lowest level since August 2022. USD/CHF holds ground near 0.8940 during the Asian […]
EUR/JPY Price Analysis: The First Upside Target Emerges Above 172.50

EUR/JPY Price Analysis: The First Upside Target Emerges Above 172.50

Image Source: Unsplash EUR/JPY drifts lower around 172.45 in Wednesday’s Asian session.  The cross maintains the negative stance below the 100-period EMA on the 4-hour chart, with bearish RSI indicators.  The first upside barrier will emerge at 172.75; the initial support level is located at 171.82.  The EUR/JPY cross weakens near 172.45 on Wednesday during the […]
Bitcoin ETFs log $420 million inflows as Bitcoin taps $66,000

Bitcoin ETFs log $420 million inflows as Bitcoin taps $66,000

Key Takeaways US spot Bitcoin ETFs saw a $420 million net inflow on Tuesday, marking the eighth consecutive day of positive inflows. Despite a previous setback, the ETFs have surpassed expert expectations with a $16 billion net inflow year-to-date. US spot Bitcoin exchange-traded funds (ETFs) captured over $420 million in net inflows on Tuesday, according […]
Nvidia’s Midline

Nvidia’s Midline

Image Source: PixabayFor 22 months, NVDA has politely traveled within the tidy confines of an ascending price channel.I suggest keeping a close eye on this dashed midline. A failure here would open up the prospect for a trip down to the price gap, marked in green, at $96.01, which is a long, long way from here.More By […]
Russia Economic Sit-Rep: Recession In The Coming Year?

Russia Economic Sit-Rep: Recession In The Coming Year?

Image source: PixabayGorodnichenko, in YahooFinance: Moscow’s economy is extremely dependent on petrodollars, or dollars obtained through the oil and gas trade, Gorodnichenko said. Yet, with Russia’s energy flows upended by sanctions, it’s unclear if sales to friendly nations will be enough to prop up the Kremlin’s hefty war budget — or if Russia will have enough access […]
Gold Breakout & This Warning Signal Is Approaching Code Red

Gold Breakout & This Warning Signal Is Approaching Code Red

Gold breaks out from its bullish flag pattern but there is another signal that is approaching code red.Various yield curves are steepening and about to un-invert. Historically, that is a recession signal and the time when Gold starts to outperform the stock market.Video Length: 00:06:50More By This Author:Gold Miners Starting To Lead GoldGold Stocks Are […]
Google To Reportedly Acquire Wiz: ETFs In Focus

Google To Reportedly Acquire Wiz: ETFs In Focus

Image Source: PixabayAccording to a report from the Wall Street Journal, Google’s parent company Alphabet (GOOGL – Free Report) is reportedly in talks to acquire cyber security startup Wiz for $23 billion. This potential acquisition would be Google’s largest ever and significantly boost its cloud computing capabilities. The potential deal has put ETFs with a substantial allocation to Alphabet […]