Renowned author of the “Rich Dad Poor Dad” series, Robert Kiyosaki, tweeted on 5 June predicting that the price of Bitcoin will rise to $350,000 per coin by 25 August 2024. His reasoning includes the perceived incompetence of President Biden, Treasury Secretary Yellen, and Federal Reserve Chairman Powell. Consequently, Kiyosaki believes it makes sense to…
A whipsaw occurs when a market exhibits sharp price movements in one direction, followed by a sudden reversal. This pattern can mislead traders and often leads to significant losses if not managed properly. This article explores the causes, identification, and approaches to navigating whipsaws. Understanding a Whipsaw in Trading A whipsaw pattern occurs when a…
UK house prices held steady in May underpinned by rising wages and an increase in economic confidence during the important spring selling season, according to the latest data from mortgage lender Halifax. Average house prices were stable in May, dipping 0.1% on a monthly basis. The typical UK home now costs £288,688 – reduced slightly…
The Canadian dollar has had a relatively quiet week and has ticked higher on Friday. In the European session, USD/CAD is trading at 1.3683, up 0.10%. We could see stronger movement from the pair in the North American session, when both the US and Canada release the May employment report. Canada’s job growth showed an…
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Kevin The Forex Scalper Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it’s a passion that has fueled my curiosity and determination. Over the years, I’ve explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving…
Nasdaq 100 Sets New Record Source: dailyfx.com The Nasdaq 100 reached an unprecedented high on Wednesday, surpassing the 19,000 mark for the first time. This surge follows a robust recovery from last week’s low of 18,187, just above the 50-day SMA. Looking ahead, the momentum could propel the index further past 19,000. However, a drop…
Investing.com – The U.S. dollar traded largely unchanged in early European trade Friday as traders awaited the release of key U.S. employment data, while the euro steadied after the European Central Bank’s historic rate cut. At 05:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…
By its decision, the ECB followed the example of the Bank of Canada, which lowered interest rates by 0.25%, as we reported yesterday. Consequently, this trend might continue with the Federal Reserve, marking the development of easing monetary policy cycles in Western economies. According to ForexFactory:→ the interest rate had been at 4.50% since September…
In today’s fast-paced world, prioritizing our health and well-being has become more important than ever. With the rise of modern lifestyles and busy schedules, maintaining a balanced diet rich in essential nutrients can be challenging. This is where the realm of supplements and vitamins steps in, offering a doorway to enhanced vitality and wellness. The…