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EUR/USD strengthens to 1.0850 despite less soft sentiment around the Fed – ForexNews.PRO
EURUSD: EUR/USD broke its four-day losing streak, trading near 1.0840 during the Asian session on Friday. However, the US dollar (USD) received support and hit a two-month high of 103.87 on Thursday, helped by a good US retail sales report, which fueled expectations that the Federal Reserve (Fed) may go for a nominal rate cut….
Bitcoin Hits Another Record High, Tops $113,800 on Institutional Inflows
Bitcoin powered to yet another record on Thursday, rising above $113,800 in a sharp rally fueled by institutional inflows, a friendlier regulatory tone from Washington, and renewed appetite for risk across markets. The price gains followed a week of building momentum, with traders increasingly optimistic that digital assets could benefit from changing political winds. The…
Is the S&P 500 ready for a breakout? [Video]
Watch the preview video below extracted from the WLGC session before the market opens on 11 Jun 2024 to find out the following: How to interpret the “bullishness” based on the pullback and the volume reacting to the resistance level. Why is the recent volume and price action considered bullish for the S&P 500. How…
Cryptocurrencies are loving the rally in Bitcoin – Crypto outlook
Cryptocurrencies have yo-yo’d quite aggressively in the past two months, moving from the dovish FED narrative to widespread profit-taking after failing to pursue the 2025 bull-move. Some concerns had been raised, and with justification. The Crypto total Market Cap had been free falling, some key ETFs had been seeing their first yearly outflows and technicals…
NIKE steps into final stages of a three-year correction
NIKE has been trading bearish for the last three years, but we see it trading in a larger A-B-C correction, which can be finally coming to an end in 2025. We are actually tracking final stages of wave C of an ending diagonal/wedge pattern, where final subwave (5) can be in progress. Ideal support comes…
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