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EUR/USD Technical Analysis: Potential For Upward Movement Despite Recent Dip

EUR/USD Technical Analysis: Potential For Upward Movement Despite Recent Dip

Image Source: PixabayThe EUR/USD pair experienced a mixed trading session on Monday, with some interesting technical developments that could shape its near-term direction. Key Takeaways:   Support found above 1.0720 Resistance encountered below 1.0780 Potential for continued upward movement despite recent decline Possible Scenarios  If the EUR/USD manages to stabilize above 1.0705 today, we could see […]
Gold Price Consolidates In A Range Below 50-Day SMA Ahead Of Powell’s Speech

Gold Price Consolidates In A Range Below 50-Day SMA Ahead Of Powell’s Speech

Image Source: Unsplash Gold price struggles to capitalize on Monday’s gains amid some follow-through USD buying. Rising bets for a September Fed rate cut should limit the downside for the XAU/USD. Fed Chair Powell’s speech eyed for some impetus ahead of FOMC minutes on Wednesday. Gold price (XAU/USD) attracted some dip-buyers near the $2,319-2,318 region and […]
WTI Gains Ground Above $83.50 On Geopolitical Risks, Summer Demand Optimism

WTI Gains Ground Above $83.50 On Geopolitical Risks, Summer Demand Optimism

Image Source: Unsplash WTI edges higher to $83.60 on Tuesday. The hope for a strong summer driving demand and oil supply concerns lift the black gold.  A higher-for-longer rate narrative in the US might weigh on the WTI price.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $83.60 on Tuesday. The rise […]
Coinbase files motion to reinforce judge’s ruling on Binance case: Secondary market transactions not securities

Coinbase files motion to reinforce judge’s ruling on Binance case: Secondary market transactions not securities

Key Takeaways Coinbase uses Judge Jackson’s ruling to argue for consistent securities law enforcement in crypto. The motion calls for clarity in the application of the Howey test to crypto transactions. Coinbase has filed a motion with Judge Katherine Polk Failla, referencing Judge Jackson’s recent ruling in the SEC vs. Binance case, said the firm’s […]
Asia Morning Bites For Tuesday, July 2

Asia Morning Bites For Tuesday, July 2

Image Source: Unsplash Global Macro and Markets   Global Markets: Yields at the back end of the US Treasury curve continued to rise on Monday, though the front end was much more subdued. 2Y yields are roughly unchanged from yesterday, giving back earlier increases, but 10Y yields are up a further 6.5 basis points to 4.461%. The […]
SPDR ETF Report For Monday, July 1

SPDR ETF Report For Monday, July 1

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Monday, July 1.Video Length: 00:17:34More By This Author:Metal Markets Report For Friday, June 28 Financial Markets Report For Friday, June 28 Financial Markets Report For Thursday, June 27
Current Analysis: Chemours

Current Analysis: Chemours

Image Source: PixabayThe Chemours Co (CC) is a global provider of chemicals. It delivers customized solutions with a wide range of industrial and specialty chemicals products for various markets including coatings, plastics, refrigeration, air conditioning, etc.The company’s operating segments include Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. It generates maximum revenue from the […]
Market Participants Will Be Hanging On Powell’s Every Word In Sintra Today

Market Participants Will Be Hanging On Powell’s Every Word In Sintra Today

Image Source: Unsplash Megacap Growth Stocks Propel Nasdaq  The tech-heavy Nasdaq soared on Monday thanks to solid performances from megacap growth stocks like Apple (AAPL) and Tesla (TSLA). The Dow and S&P 500 also eked out modest gains in what can best be described as pre-holiday market lethargy. Investors eagerly anticipate that U.S. labour market data […]
SPX Shows Bullish Signals

SPX Shows Bullish Signals

Image Source: UnsplashSPX Monitoring purposes; Long SPX 4/12/24 at 5123.41.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD:  Long GDX on 10/9/20 at 40.78.We updated this chart from last week. We listed in blue on the chart above the TRIN closes of 1.19 and higher (TRIN >1.20 shows panic and panic only forms […]
Tale Of The Tape: This Sign Warns Of Inflation

Tale Of The Tape: This Sign Warns Of Inflation

Image Source: UnsplashIt’s a holiday week for markets, with exchanges closing at 1PM Eastern on Wednesday, and closing completely on Thursday for Independence Day in the United States. But nonetheless, the market remains on the move.Be sure to take some time away from the screen this week. Admittedly, I have a problem with it too, but since […]