U.S. Dollar Index Futures Technical Analysis: DX Range-bound Ahead of U.S. Inflation Data

The United States dollar trades relatively flat against other leading currencies on Thursday morning as investors await the U.S. inflation data release later today. Many renowned institutions and banks remain on the sidelines, awaiting data clarifying upcoming interest rate decisions. The March United States Dollar Index hovered at 102.790 during this writing, losing 0.13% or […]

GBP–USD Faces Test at $1.2190 Amid Increasing Bets of Softer U.S. Inflation

It’s a quiet Wednesday for the GBP-USD, without United Kingdom economic signals to contemplate. The lack of data will leave GBP-USD under the influence of the market’s risk sentiment. The pair showcased movements today morning. Market anticipations of softer United States inflation figures supported partial revivals of the latest loss. Nonetheless, while softer inflation numbers […]

Ethereum and Bitcoin Show Signs of Bullishness Despite Fluctuations

Ethereum (ETH) Ethereum started Wednesday with heavy fluctuations falling to $1,212 before the crypto began to rally. At $1,212, ETH avoided falling below the first key support level. A major or key support level is a price level at which there is a concentration of demand for an asset and acts as a floor. That […]

Ethereum (ETH): Bulls Need a $1,210 Return to Avoid the $1,180 Vicinity

BTC and ETH joined the broad market slump on Friday. United States economic indicators underperformed predictions, sending risk assets further down. Cryptocurrency market conditions flashed bearishness early today. 2022’s last day opens with a bearish stance. Bitcoin and other cryptos, such as ETH, saw continued struggles as market headwinds deteriorated investor mood. Bulls should heighten […]

Ethereum (ETH) Signals Bearishness; $1.1K Test Seems Likely

ETH attempts minor upticks towards the barrier of $1.2K. The price wavers under $1.2K and the 1hr 100-Simple Moving Average. Kraken data shows a break above a crucial bearish line with $1,195 resistance on the 1hr chart. ETH/USD remains susceptible to massive dips to $1.1K or even $1K. Ethereum continues its bearish narratives under the […]

Porsche’s Inclusion in the DAX and Stock Performance amid EV Transition

Porsche enters the German Dax after its recent September 2022 IPO. Porsche AG is a German luxury automotive manufacturer based in Stuttgart, Germany, and is best known for producing high-performance sports cars, SUVs, and sedans. The DAX (Deutscher Aktienindex) is a stock index representing the performance of the 40 most significant and most liquid German […]

Should Buy Micron Stock Despite Weak Guidance?

Micron issued weak guidance for Q2 after reporting a disappointing first quarter. Matt Bryson of Wedbush Securities shares his thoughts on MU stock. The chipmaker has seen its shares lose approximately 50% in 2022. Micron Technology shares (NASDAQ: MU) traded lower in extended hours following disappointing results from the chipmaker in its financial Q1. The […]

Maximize Your Investments in 2023 with These Top Growth Stocks

Investing with a long-term perspective means considering a company’s or stock’s long-term growth potential rather than short-term fluctuations in price. This approach can be helpful for investors looking to safeguard their investments against temporary economic declines or market volatility. Microsoft and Advanced Micro Devices (AMD) are reliable growth stocks that have seen price dips during […]

Bank of Japan’s Decision to Widen Bond Yields Range Sparks Market Uncertainty

The Bank of Japan recently widened the range in which long-term bond yields can fluctuate due to rising Treasury yields and five straight days of losses in the market. Additionally, U.S. equity futures have slightly decreased as investors attempt to end a four-day losing streak in the stock market. These developments come amid worries about […]

Dec 14 Top Crypto Gainers – Toncoin Soars 12.06%, BTC, SOL & APT Also Record Positive Movements

The cryptocurrency market displayed bullishness today. The improved sentiment emerged after the better-than-anticipated United States inflation report. Meanwhile, leading crypto assets contributed to upsides, pushing the global cryptocurrency market capitalization +2.58% higher to $870.28 billion. Also, the overall cryptocurrency market volume increased by 56.97% over the last 24hrs to $52.70 billion. BTC gained 3.44% to […]

These Were the Top Performing Cryptocurrencies of 2022

2022 wasn’t a lucrative year for the cryptocurrency industry, following massive crashes and bankruptcy filings that restricted growth on any token. Though this year hit digital assets hard, some assets showed resilience, recording notable price moves – better than others. Let’s check the list. Ethereum Classic (ETC) Unlike ETH2.0, which arrived after the ETH merge, […]

U.S Dollar Index Futures Technical Analysis: CPI Report Vital to Week Ahead as Federal Meets

Friday witnessed the United States dollar presenting a minor gain against several leading currencies. That followed a hotter-than-anticipated US PP1 (producer price index). Meanwhile, volume remained light as most leading players took the data in stride while bracing for Tuesday’s U.S. consumer price index. The CPI report tends to have more impact than the producer […]

Sam Bankman-Fried Ready to Testify Before U.S House Committee

Bank-Fried’s Friday tweet confirmed he’s willing to testify before the United States House Committee on Tuesday next week. Meanwhile, SBF is encountering several investigations associated with FTX’s fall. FTX empire crashed following massive exchange withdrawals following revelations about Alameda, FTX’s sister firm. News about the former FTX chief executive officer Sam Bankman-Fried continues to flood […]

S&P 500, Dow, Nasdaq – Crucial Support Levels Now in Play

Yesterday saw US equities selling off, with S&P, Nasdaq, and Dow plummeting to crucial support levels. Meanwhile, there’s no Fed speech this week to influence short-term trends. S&P and Dow test higher-low support, but Nasdaq contemplates a massive breakdown after printing a double-top pattern. This article evaluates chart setups and price action. The United States […]

December 6 Forex Signals – RBA Delivers 8th Consecutive Rate Hike

The last two weeks have seen the USD under pressure as the Federal Reserve plans to slow hike pace – a stance that has improved sentiments within the financial markets. So, the USD opened yesterday on a back foot and still dropped over the European session following the release of the latest European PMI figures. […]