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GBP/JPY Falls To Two-Month Lows Below 197.00 Amid Risk-Off Mood

GBP/JPY Falls To Two-Month Lows Below 197.00 Amid Risk-Off Mood

 Image Source: Unsplash   GBP/JPY attracts some sellers near 196.65 in Thursday’s early European session, down 1.0% on the day.  The combination of a risk-off mood and rising bets on the BoJ rate hike supports the JPY.  The BoE is anticipated to cut the bank rate to 5% at its August meeting next week.  The GBP/JPY […]
Global Markets In Distress

Global Markets In Distress

Image source: Pixabay  Global sentiment has turned decidedly negative and risk off flow has intensified in financial markets. The Dollar and other currencies like the Franc and Yen that benefit in risk off environments have been rallying, while the rest of the currency market struggles.Video Length: 00:00:56More By This Author:Signs Of Elevated Stress In Global Financial […]
Ethereum Price Drops 8%: What’s Next For The Altcoin Giant?

Ethereum Price Drops 8%: What’s Next For The Altcoin Giant?

Image Source: Pixabay  Ethereum price started a major decline from the $3,500 resistance zone. ETH is down over 8% and might continue to decline toward the $3,120 support. Ethereum is gaining bearish pace from the $3,500 resistance zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There was a break below a […]
EUR/USD Forex Signal: Cup And Handle Pattern Forms

EUR/USD Forex Signal: Cup And Handle Pattern Forms

Bullish view Buy the EUR/USD pair and set a take-profit at 1.0890. Add a stop-loss at 1.0820. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.0830 and a take-profit at 1.0795. Add a stop-loss at 1.0900. The EUR/USD exchange rate’s recent sell-off stalled on Wednesday after the relatively weak European and US economic data. It […]
USD/CHF Technical Analysis: Downtrend Likely To Continue

USD/CHF Technical Analysis: Downtrend Likely To Continue

The USD/CHF pair has recently shown some interesting price action that suggests a continuation of its downward trend. Let’s break down the key levels and potential scenarios for traders to watch. Recent Developments The pair failed to break above the falling trend line on the 4-hour chart A sharp drop from 0.8923 indicates that the […]
Kamala Harris allegedly calls Bitcoin ‘money for criminals’

Kamala Harris allegedly calls Bitcoin ‘money for criminals’

Key Takeaways According to Bitcoin Magazine CEO David Bailey, Kamala Harris privately referred to Bitcoin as “money for criminals.” Speculation about Harris’ attendance at the Bitcoin Conference in Nashville was met with disappointment when it was confirmed that she would not participate. When President Joe Biden passed the torch to Kamala Harris, he might also […]
Elliott Wave Technical Analysis: Euro Stoxx 50 Index – Thursday, July 25

Elliott Wave Technical Analysis: Euro Stoxx 50 Index – Thursday, July 25

Image Source: Unsplash  Elliott Wave Analysis Trading Lounge Day Chart, Euro Stoxx 50 Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Orange wave 4 POSITION: Navy blue wave 3 DIRECTION NEXT HIGHER DEGREES: Orange wave 5 DETAILS: Orange wave 4 remains in play as a sideways movement. Wave Cancel invalid level: 4618The Euro Stoxx 50 Elliott Wave Analysis on the day […]
Will Mag 7 Earnings Meet Expectations?

Will Mag 7 Earnings Meet Expectations?

Image Source: Unsplash For the 134 S&P 500 companies that have reported Q2 results, or 26.8% of the index’s total membership, total earnings are up +7.6% from the same period last year on +4.7% higher revenues, with 81.3% beating EPS estimates and 57.5% beating revenue estimates.   Except for the revenue beats percentage, which at 57.5% […]
The Commodities Feed: Oil Inventory Draws

The Commodities Feed: Oil Inventory Draws

Image Source: Unsplash Energy – supportive EIA inventory report  Oil prices rebounded yesterday due to supportive inventory numbers from the US.The EIA reported that US commercial crude oil inventories fell by 3.74m barrels over the last week. This leaves total commercial crude oil inventories at 436.49m barrels- the lowest since February. Crude oil imports fell 166k b/d […]
Metal Markets Report For Wednesday, July 24

Metal Markets Report For Wednesday, July 24

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:49More By This Author:SPDR ETF Report For Wednesday, July 24Financial Markets Report For Wednesday, July 24Metal Markets Report For Tuesday, July 23