Event to watch out for today: 15:30 GMT+3. USD – Building Permits EURUSD: The Euro-dollar pair is building on the previous day’s late bounce from the 1.0950 area and gaining positive momentum during the Asian session on Friday. However, spot prices are unable to capitalize on this rise and are currently trading in the 1.0975-1.0980…
Event to watch out for today: 15:30 GMT+3. USD – Building Permits GBPUSD: GBP/USD continues to strengthen for the second consecutive session, trading near 1.2870 during Asian hours on Friday. Improved risk sentiment, driven by a stronger-than-expected recovery in US retail sales, eased concerns over a possible US recession and boosted risk-sensitive currencies such as…
Event to watch out for today: 15:30 GMT+3. USD – Building Permits USDJPY: The Japanese Yen (JPY) bounced back against the US Dollar (USD) on Friday, possibly due to Japan’s recent second quarter GDP growth, which supports the possibility of a Bank of Japan (BoJ) interest rate hike in the near future. However, the Yen…
August 16, 2024August 16, 2024 Shares of Ola Electric Mobility Ltd. rallied by 20% to touch a day’s high of Rs 133.08 on 16th August after the company announced its entry into the electric motorcycle segment with the launch of the ‘Roadster’ series on Thursday. The bikes are priced…
Binance, the world’s largest cryptocurrency exchange by trading volume, has resumed operations in India following a seven-month suspension due to regulatory issues. Indian users can now access Binance’s website and mobile apps after the Financial Intelligence Unit (FIU-IND) blocked the websites and apps of Binance and eight other cryptocurrency exchanges earlier this year due to their failure to…
An exponential moving average (EMA) technical indicator reduces the lag associated with simple moving averages (SMA) by applying a multiplier to the most recent data. EMAs provide improved sensitivity, enhancing the accuracy of trend analysis. Can traders rely on EMA as an indicator? I tested 30 Dow Jones stocks and 4 EMA settings over eight…
It’s going to be another empty European session on the data front. We will get two notable releases in the US session though, but they shouldn’t be market moving unless we see big deviations from the expected numbers. The first one will be the US Housing Starts and Building Permits, and then we conclude with…
August 16, 2024August 16, 2024 Shares of Aurobindo Pharma Ltd. dropped 6% after touching a day’s high of Rs 1,527 on 16th August, following the company’s disclosure that its Eugia Pharma Specialties Ltd. Unit-III received a warning letter from the USFDA. The USFDA issues warning letters to companies to…
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The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over $1.5 million in losses to the National Power…