USD/JPY is teetering around one of the most-watched levels in currency markets: the 160.00 yen-tervention barrier.
While the U.S. dollar is struggling with a shifting Fed narrative, the Japanese yen pressure from a surging oil import bill and a slow-moving central bank.
Something has to give, and this week has the catalysts to force the issue.
Ethereum (ETH) price climbed to $2,161 on Wednesday, March 4, while XRP rose 5.1% to $1.43 on Thursday, March 5, with the entire crypto market catching a bid as Bitcoin surged past $73,000 and extended its recovery from the Iran war lows near $63,000. The catalyst is a combination of deeply negative funding rates being…
Are you having trouble finding key market turning points in Forex trading? The MTF Support and Resistance and Zigzag Fractals strategy might be what you need. It uses multiple time frames and fractal patterns to find where prices might change direction. By understanding the market’s structure and how prices move, traders can make better choices….
Three Israelis and five Thai citizens held in Gaza have been freed, as Donald Trump’s Middle East envoy met hostages’ relatives, reportedly telling them he was optimistic the ceasefire would hold to allow the return of all the living and the dead. The handover on Thursday of seven hostages in Khan Younis, southern Gaza, was…
Another Sign of Cooler U.S. Growth, Which Isn’t an Entirely Unwelcome Thing June 5, 2024 ADP’s monthly calculation of U.S. private-sector employment growth rose by a less-than-anticipated 152k last month. That constitutes the smallest gain since +111k in January. Composite and service-sector purchasing manager readings for the euro area in May of 52.2 (a one-year…
BofA says market slightly short USD as year ends Source link
Winter boots are supposed to keep your feet warm, your feet dry, and your style intact through cold weather, snow, mud, ice, and the whole dramatic winter season. But let me be loud and clear here because I am feeling bold today: some winter boots will destroy your outfit on sight, and I have thoughts….