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FOREX: The EURO Is Stuck In A Political Holding Pattern

FOREX: The EURO Is Stuck In A Political Holding Pattern

The euro is in a holding pattern, awaiting cues from the ongoing French coalition talks. Potential outcomes range from a left-wing government to a market-friendly technocratic prime minister—like waiting to see if your blind date is a rocket scientist or a rock star. Meanwhile, FX volatility has been taking a nap, but several upcoming events […]
GBTC ETF Can Be Supportive For Cryptos

GBTC ETF Can Be Supportive For Cryptos

Crypto market has experienced a strong sell-off in the last week or so, after an announcement that Germany’s government has been selling hundreds of millions of dollars worth of bitcoin in the last few weeks; 900BTC in June, then 3K BTC last week and an additional 2739 BTC on Monday. This obviously causes a lot […]
Daily Market Outlook – Tuesday, July 9

Daily Market Outlook – Tuesday, July 9

Image Source: Pexels  Japanese stocks, particularly semiconductor-related shares, led gains in Asia following their US counterparts. The Nikkei 225 Stock Average set a new record, with a year-to-date gain of over 23%. Australian equity indices and US stock futures surged, while the S&P 500 closed 0.1% higher on Monday. Mainland China and Hong Kong saw a […]
EUR/USD Forex Signal: Moderately Bullish As Buyers Eye 1.0900

EUR/USD Forex Signal: Moderately Bullish As Buyers Eye 1.0900

Bullish view Buy the EUR/USD pair and set a take-profit at 1.0900. Add a stop-loss at 1.0765. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0815 and a take-profit at 1.0765. Add a stop-loss at 1.0900. The EUR/USD exchange rate continued rising this week after Sunday’s French election. It has risen for five straight days and […]
Two Trades To Watch: EUR/USD, GBP/USD Forecast -Tuesday, July 9

Two Trades To Watch: EUR/USD, GBP/USD Forecast -Tuesday, July 9

Image Source: Unsplash  EUR/USD holds above 1.08 amid French political uncertainty & ahead of Powell’s testimony French elections resulted in a hung parliament Political gridlock could limit gains in EUR Powell testifies before Congress EUR/USD holds above 1.08 EUR/USD is edging lower but holds above 1.08 as investors continue to digest the surprise result of the […]
Oil Declines Amid Prospects Of An Agreement Between Israel And Hamas. Powell Will Address The Us Congress Today

Oil Declines Amid Prospects Of An Agreement Between Israel And Hamas. Powell Will Address The Us Congress Today

On Monday, the Dow Jones (US30) decreased by 0.08%, while the S&P 500 (US500) added 0.10%. The NASDAQ Technology Index (US100) closed positive 0.28%. Strengthening chip stocks on Monday led technology stocks higher and boosted the overall market.Markets are awaiting Fed Chairman Powell’s semi-annual monetary policy report before the Senate Banking Committee on Tuesday and before the House Financial Services Committee […]
Economic Data And Technical Trends Point To Bullish Gold Market

Economic Data And Technical Trends Point To Bullish Gold Market

Key Insights The recent employment data for June showed a healthy addition of jobs. Downward revisions to previous months’ job numbers have sparked optimism about an early rate cut from the Federal Reserve, significantly impacting long-term Treasury yields and boosting gold prices. Concerns about shrinking liquidity in financial markets, due to a sharp decline in […]
BTC/USD Forex Signal: Bitcoin Downtrend Could Continue

BTC/USD Forex Signal: Bitcoin Downtrend Could Continue

Bearish view Sell the BTC/USD pair and set a take-profit at 53,000. Add a stop-loss at 59,000. Timeline: 1-2 days.  Bullish view Set a buy-stop at 57,000 and a take-profit at 59,000. Add a stop-loss at 53,635.  Bitcoin price remained under pressure on Tuesday morning as concerns about the liquidations by the German government and Mt.Gox […]
Bitcoin dip buying spree sees $438M Bitcoin ETF inflows

Bitcoin dip buying spree sees $438M Bitcoin ETF inflows

Key Takeaways Bitcoin ETFs recorded nearly $300 million in inflows on a single Monday. BlackRock’s IBIT ETF was the top performer with nearly $180 million in purchases. Bitcoin spot ETFs saw significant inflows on Monday. This marks the highest level of buying activity since early June when Bitcoin was trading above $70,000. According to an […]
Sensex Today Trades Higher; Nifty Above 24,300

Sensex Today Trades Higher; Nifty Above 24,300

Asian markets traded higher on Tuesday following overnight gains on Wall Street.Japan’s Nikkei 225 gained 1%, while the Topix rose 0.27%. South Korea’s Kospi added 0.3%The US stock market ended mostly higher on Monday, with the S&P 500 and Nasdaq notching record-high closes, ahead of the fresh inflation data and commentary by the Fed Chair […]