FX Weekly Recap: August 5 – 9, 2024
After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes.
After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes.
In our previous analysis of the BTC/USD chart, we highlighted the increasing volatility in the cryptocurrency market leading up to Trump’s inauguration. Today, the BTC/USD chart shows that the presidential inauguration triggered a peak in the ATR indicator, reflecting heightened market activity amid the launch of $TRUMP and $MELANIA memecoins. Crypto enthusiasts closely followed mentions…
The price predictably continued to rise and once again updated the maximum of the current year. However, it is becoming noticeable that the strength to continue at the same pace is running out. A break in the form of a corrective decline or sideways movement is clearly looming. The option with a decline seems more……
Event to pay attention to today: 15:30 GMT+3. USD – Retail Sales EURUSD: On Monday, the EUR/USD exchange rate saw a rise on the back of short-covering pressure on the US dollar. This resulted in trading above the 1.1100 price band, which had previously been a point of contention in intraday trading towards the end…
Vorasidenib, if approved, would be the first targeted therapy in IDH-mutant glioma, a progressive and incurable brain tumor Pivotal Phase 3 clinical study of vorasidenib demonstrated unprecedented efficacy and tolerability; vorasidenib granted priority review with PDUFA date of August 20, 2024 Royalty Pharma projects greater than $1 billion in peak sales annually for vorasidenib in…
The forex market in 2026 looks very different from even a few years ago. Technology, regulation, and economic realignments have created an environment where volatility is constant, and uncertainty has become the norm. Traders today cannot rely only on technical setups or macro news. The difference between success and failure now lies in one essential…
Qantas flight has been forced to return to Sydney Airport smoke was detected in the cockpit shortly after take-off incident occurred Monday morning local time Sydney to Perth flight landed normally back in Sydney a Boeing 737 More This article was written by Eamonn Sheridan at www.forexlive.com. Source link