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United States Federal Reserve Minutes: Fed In Wait-And-See Mood 
                    
 

United States Federal Reserve Minutes: Fed In Wait-And-See Mood  

The Federal Reserve released late Wednesday the minutes of the June 11-12 Federal Open Market Committee (FOMC) meeting. At the June meeting, policymakers maintained rates at the target range of 5.25%-5.5% for a seventh straight time.  depositphotos The Federal Reserve has shown a cautious stance on rate policy for months. If investors were looking for some […]
Elliott Wave Technical Analysis: Cocoa – Thursday, July 4

Elliott Wave Technical Analysis: Cocoa – Thursday, July 4

Image Source: Pixabay  Cocoa Elliott Wave Analysis Function – Counter-trend Mode – Corrective Structure – Double Zigzag Position – Navy blue wave ‘c’ Direction – Navy blue wave ‘c’ is still in play Details –  Prices breached 8626 to confirm the progress of wave c (circled). Further sell-off is expected toward 5,000.As an Elliott Wave analyst, the […]
Justin Sun wants to discuss Bitcoin deal with German government to reduce market impact

Justin Sun wants to discuss Bitcoin deal with German government to reduce market impact

Key Takeaways Justin Sun is ready to buy Germany’s Bitcoin through OTC. Sun’s strategy involves direct negotiations with the German government for the purchase. Justin Sun, the founder of Tron, has expressed his readiness to purchase Germany’s Bitcoin holdings through over-the-counter (OTC) transactions. This approach is intended to avoid significant market disruptions. “I am ready […]
Euro Credit Supply: Large Supply In First Half Expect Slowdown In Second

Euro Credit Supply: Large Supply In First Half Expect Slowdown In Second

Supply has surprised to the upside but we expect a more dramatic slowdown in the second half of the yearDownload pdfDownload pdf Executive summary Supply thus far this year has been strong with year-to-date supply already at €236bn, ahead of previous years. This surprise to the upside has been met by very strong demand, with subscription levels at […]
Bitcoin Dips Below $60k, But Analysts Eye Potential Rise To $100k

Bitcoin Dips Below $60k, But Analysts Eye Potential Rise To $100k

Image Source: Unsplash  Bitcoin’s (BITCOMP) price took a significant hit on July 4, 2024, dropping below $60,000 for the first time in months. The world’s leading cryptocurrency fell to $57,895.76, down 3.82% in 24 hours, with a market cap of $1.14 trillion.This decline comes amid various factors, including concerns over an impending Mt. Gox payout, U.S. economic […]
GBP/USD Forex Signal: To Retest 1.2700 As The UK Election Gets Underway

GBP/USD Forex Signal: To Retest 1.2700 As The UK Election Gets Underway

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2700. Add a stop-loss at 1.2850.  Bullish view Buy the GBP/USD pair and set a take-profit at 1.2850. Add a stop-loss at 1.2700. The GBP/USD exchange rate continued its recovery this week as market participants waited for the upcoming jobs numbers. It rose to a high […]
BTC/USD Forex Signal: Testing Long-Term Support Near $58k 
                    
 

BTC/USD Forex Signal: Testing Long-Term Support Near $58k  

My previous BTC/USD signal on 27th June produced a profitable long trade from the bullish bounce at $60,632. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time Friday.  Long Trade Ideas Go long after a bullish price action reversal on the H1 timeframe following the next touch of $58,309 or $55,425. Put […]
USD/CAD Price Analysis: Seems Vulnerable Near 1.3600 Ahead Of US/Canada Employment

USD/CAD Price Analysis: Seems Vulnerable Near 1.3600 Ahead Of US/Canada Employment

The USD/CAD pair appears to be fragile near monthly low around 1.3620 in Thursday’s European session. The Loonie asset weakens as the US Dollar (USD) faces significant selling pressure after the United States (US) ADP Employment Change data for June showed that the strength in the labor market eases and the ISM Services PMI, in the same […]
XRP Whale Offloads 65M Coins, XRP Price Dips

XRP Whale Offloads 65M Coins, XRP Price Dips

Amidst the crypto market’s bearish movement today, an XRP whale has continued to dump significant amounts of coins to exchanges. Whale Alert pointed out that 64.70 million coins were shifted to CEXs via the same whale address. The whale shifted 32.69 million XRP, worth $15.12 million, to the Bitso crypto exchange, and in another transaction, […]
GBP/USD Forecast: Economic Setbacks Leave Dollar Struggling

GBP/USD Forecast: Economic Setbacks Leave Dollar Struggling

The GBP/USD forecast points north, with the dollar frail after several downbeat economic reports in the previous session. Meanwhile, the pound strengthened on better-than-expected PMI data.The dollar had a tough time in the previous session as reports showed a slowdown in the economy that could push the Fed to start lowering borrowing costs. The US […]