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Ethereum Is Struggling With Support This Week

Ethereum Is Struggling With Support This Week

Ethereum chart analysisOn Tuesday, the price of Ethereum rose to $2696, a new weekly high. We managed to break above the previous one, which was $2680. That was not enough because the price soon lost momentum and began to retreat. Already on Tuesday afternoon, the price was below the EMA 200 moving average and the […]
Solana And Cardano: Cardano In An Uptrend This Week

Solana And Cardano: Cardano In An Uptrend This Week

Solana chart analysisYesterday, we watched the Solana price pull back from the weekly high to the weekly open level. A strong bearish impulse quickly moved us below the EMA 200 moving average, causing us to continue falling to a new low at the $141.00 level. After that, this morning, Solana tried to initiate a recovery, […]
NZD/USD Price Analysis: Forms Bearish Candlestick At Top Of Range

NZD/USD Price Analysis: Forms Bearish Candlestick At Top Of Range

NZD/USD has formed a bearish reversal candlestick at its range highs and declined.  This suggests the possibility it could be about to move down towards the range lows.  The pair may be entering a sideways trend with odds favoring an extension of the range.  NZD/USD may be entering a sideways trend after touching the top […]
IBIT and FBTC rank among top global ETFs by inflows

IBIT and FBTC rank among top global ETFs by inflows

Key Takeaways BlackRock’s IBIT and Fidelity’s FBTC rank among top 15 global ETFs for inflows in 2024. US spot crypto ETFs represent 1.9% of total global flows, with Bitcoin ETFs outperforming Ethereum ETFs. Share this article Spot crypto exchange-traded funds (ETF) in the US represent nearly 1.9% of the total global flows year-to-date, with BlackRock’s […]
The Energy Report: Demand Unease

The Energy Report: Demand Unease

Iran revolutionary guard spokesman said that a retaliation attack on Israel may take a long time so without a threat of a major OPEC oil producer getting into war the market’s focusing on demand worries. Even as the American Petroleum Institute (API) reported only a sling 347,000-barrel increase in crude supply the drop of 1.043 million […]
Bond Market Momentum Firmly Bullish Ahead Of Fed Conference

Bond Market Momentum Firmly Bullish Ahead Of Fed Conference

Fixed income as an asset class is looking bullish as Fed Chairman Powell prepares to give a widely anticipated speech this Friday (Aug. 23). The central banker is expected to drop clues about the outlook for monetary policy for the rest of the year — clues that are forecast to favor higher bond prices and […]
Tether Plans To Launch Dirham-Pegged Stablecoin

Tether Plans To Launch Dirham-Pegged Stablecoin

Tether, a leading issuer in the stablecoin market, has announced ambitious plans to introduce a new stablecoin pegged to the United Arab Emirates Dirham (AED). This development, unveiled in a recent press release, marks a significant expansion for Tether into the UAE’s burgeoning crypto landscape.The new stablecoin will be launched in collaboration with two prominent […]
Polish Industry Sees A Weak Start To The Third Quarter

Polish Industry Sees A Weak Start To The Third Quarter

Image Source: Pexels  July industrial output surprised to the downside in Poland amid declines in export-oriented industries linked to the German automotive sector (cars, electric vehicle batteries). Despite a softer start to the third quarter, we still see 3% GDP growth in 2024 as strong consumption compensates for weak exports and investment.  Industrial output growth weak despite […]
EUR/USD Forecast: Dollar Dips With Fed Rate Cut On Horizon

EUR/USD Forecast: Dollar Dips With Fed Rate Cut On Horizon

The EUR/USD forecast shows increased bullish momentum as the dollar extends its decline against the euro amid increased Fed rate cut expectations. The euro rose despite an ECB official calling for the central bank to cut rates in September.The euro has surged recently as investors fully priced in September’s first Fed rate cut. Initially, ECB […]
Gold Stocks Vs. SPX

Gold Stocks Vs. SPX

The gold stock sector is on the verge of taking back the macro and taking leadership over the broad SPX.This post is prompted by a post I saw on X, highlighting a TA on CNBC who noted the inverted H&S that HUI is establishing in ratio to SPX. The follow-on discussion included some fretting that […]