In our analysis of the long-term BTC/USD chart on the morning of 29 July, we noted that:→ Bitcoin’s price rise was occurring within an ascending channel (shown in blue);→ Simultaneously, the price movement was forming the contours of a smaller-scale descending channel, indicated in red;→ The positive sentiment in the cryptocurrency market at the end…
Investing.com – The U.S. dollar steadied Friday, trading near a one-month high after stronger than U.S. jobless claims allayed fears of a looming recession in the world’s largest economy. At 04:15 ET (09:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 103.007, not far…
The commodity market plays a crucial role in the global economy. It influences everything from the price of food to the cost of energy. However, when global conflicts arise, this market becomes increasingly volatile. The war impact on commodities is immediate, leading to price fluctuations, supply chain disruptions, and investment uncertainties. Investors who are keen…
USDJPY: The Japanese Yen (JPY) is declining against the US Dollar (USD) today. Traders are keeping a close eye on the outlook for Japan’s monetary policy as central bank officials said they are ready to raise rates further, although they have become more cautious due to increased market volatility. Japan’s Finance Minister Shunichi Suzuki emphasized…
GBPUSD: The GBP/USD pair is developing on the back of a good bounce from the 1.2665 area, a five-week low, and is gaining positive momentum for the second day in a row. This momentum is lifting spot prices above the mid-1.2700s during the Asian session and is supported by a modest decline in the US…
EURUSD: The EUR/USD pair ended its three-day losing streak, trading near the 1.0920 mark during the Asian session. The EUR/USD pair’s rise could be attributed to a decline in the US Dollar (USD), which could be attributed to heightened expectations of a dovish policy from the US Federal Reserve (Fed). However, EURUSD ran into trouble…
The Canadian dollar has shined this week, posting gains over the past four days and rising 1%. Will the impressive rally continue? In the North American session, USD/CAD is trading at 1.3732, unchanged on the day. Canadian job growth expected to rebound Canada wraps up the week with the July employment report. The June report…
As the chart of Eli Lilly’s (LLY) share price shows today, yesterday’s trading closed at a level more than 9% higher than Wednesday’s closing price. The main driver of this growth was a strong Q2 report: → Earnings per share: actual = $3.92, expected = $2.74;→ Gross sales: actual = $11.3 billion, expected = $9.99…
During this morning’s Asian trading session, the price of gold rose to $2429. During this morning’s Asian trading session, the price of silver recovered to the $27.75 level. Gold chart analysis During this morning’s Asian trading session, the price of gold rose to $2429. Thursday was pretty good for the gold price, as we saw…
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