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Is The 2x Bitcoin Strategy ETF (BITX) A Good Fund To Buy?

Is The 2x Bitcoin Strategy ETF (BITX) A Good Fund To Buy?

Bitcoin price has outperformed traditional assets like stocks and commodities this year despite the recent drawdown. It has risen by over 30% this year while the Nasdaq 100 and S&P 500 indices have risen by less than 21%.The 2x Bitcoin Strategy ETF (BITX) has also done well as it rallied by 26% this year, bringing […]
EUR/GBP Extends Decline Below 0.8450 As Uk Economy Rebounds Faster Than Expected

EUR/GBP Extends Decline Below 0.8450 As Uk Economy Rebounds Faster Than Expected

The EUR/GBP cross remains on the defensive around 0.8425 during the early European session on Thursday. The cross trades with mild losses after the monthly UK Gross Domestic Product (GDP) data.  The UK economy grew more than expected in May after stagnating in April, with the GDP expanding at 0.4% MoM. This figure beat market expectations of […]
BTC/USD Forex Signal: Bitcoin Is On The Cusp Of A Bearish Breakdown

BTC/USD Forex Signal: Bitcoin Is On The Cusp Of A Bearish Breakdown

Bearish view Sell the BTC/USD pair and set a take-profit at 53,420. Add a stop-loss at 60,000. Timeline: 1-2 days.  Bullish view Buy the BTC/USD pair and set a take-profit at 60,000. Add a stop-loss at 53,000.  Bitcoin price continued wavering as traders focused on the ongoing transactions by the German government and Mt.Gox and […]
What’s Happening In China

What’s Happening In China

Image source: Pixabay  Chinese authorities are becoming increasingly desperate over their inability to stabilize any of the economy, banking system, or markets. CNY keeps going down, as does the economy. Banks in China aren’t lending while dozens are now ‘disappearing.’ Safety/liquidity of government bonds makes perfect sense. Not to the PBOC which is going to be […]
UK Economy Springs Back Into Life

UK Economy Springs Back Into Life

Image Source: Pexels  The UK economy is faring much better so far in 2024 after a technical recession last year.The UK economy grew more than expected in May, up 0.4% across the month. This is the latest in a line of much better growth figures since the start of the year. Indeed, the economy has grown by 1.5% […]
EUR/CAD Forecast: Key Levels, Awaiting Breakout

EUR/CAD Forecast: Key Levels, Awaiting Breakout

In my daily Euro versus Canadian dollar analysis, I have begun to notice that the 1.4750 level being a bit of a magnet for price. We should also keep in mind that the 50 day EMA is right around there as well. I think at this point in time, it makes sense that we’re just […]
Sensex Today Trades Flat; Nifty Above 24,300

Sensex Today Trades Flat; Nifty Above 24,300

Asian equities advanced after a rally in the world’s largest tech stocks lifted US and global shares to new highs ahead of inflation data due later Thursday. Equities in Japan and Australia and futures for Hong Kong stocks all rose, echoing the bullish pulse.US stocks again soared to fresh all-time highs on Wednesday as Jerome […]
Market Briefing For Thursday July 11

Market Briefing For Thursday July 11

Powell affirmed the dovish leanings of the Fed’s leadership, actually now acknowledging policy is ‘restrictive’. This keeps rate cut hopes clearly alive. depositphotos Thursday, we get the CPI and PCE which should allow them to go-forward in modifying policy, and interestingly just the psychological efforts help stocks.  In this regard, of course people feel inflationary pressures and recognize that […]
USD/CAD Price Analysis: Trades In Tight Range Above 1.3600 Ahead Of US Inflation

USD/CAD Price Analysis: Trades In Tight Range Above 1.3600 Ahead Of US Inflation

USD/CAD stays sideways near 1.3600 with US inflation in focus. The core CPI is estimated to have grown steadily by 3.4% on monthly as well as annual basis. Easing Canadian labor market conditions boost BoC’s rate-cut prospects. The USD/CAD pair consolidates in a tight range above the round-level support of 1.3600 in Thursday’s European session. The […]
EUR/USD Forex Signal: Analysis Ahead Of US Inflation Data 
                    
US inflation data

EUR/USD Forex Signal: Analysis Ahead Of US Inflation Data US inflation data

Bullish view Buy the EUR/USD pair and set a take-profit at 1.0870. Add a stop-loss at 1.0800. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0815 and a take-profit at 1.0750. Add a stop-loss at 1.0900. The EUR/USD pair remained in a consolidation phase on Thursday morning as the focus shifted to the upcoming German and […]