Nikkei 225 index daily chart After one of its worst days in history, the Nikkei is now on course for the polar opposite. But even with the over 10% gains today, it is still down 11% thus far in August trading. That puts the rebound we’re seeing into perspective and how sentiment is still very…
Recently, huge Ethereum transfers have taken place, signifying the nonstop sell-offs by prominent institutions and holders. Lookonchain, a well-known on-chain analytics provider, disclosed that these investors have made a couple of big deposits to the famous crypto exchange Binance in recent hours. The platform disclosed the respective development on its official X account. Ethereum Institutions…
The Japanese Yen pulls back from six-month highs due to slowing unwinding of carry trades. The downside of the JPY could be limited due to increasing odds of further rate hikes by the BoJ. The US Dollar faces challenges from rising expectations of a 50-basis point rate cut by the Fed in September. The Japanese…
Gold is now creeping up towards US$2,500 an ounce. In US trading last Friday, it was within a whisker of that, as market indices worldwide look like they’re setting up for a correction. Times like these should spur investors to start paying attention to gold stocks. That’s because gold’s rising momentum could cause gold mining…
‘It doesn’t actually make any difference whether the President is Republican or Democrat. The genius of the American ruling class is that it has been able to make the people think that they have had something to do with the electing of presidents for 200 years when they’ve had absolutely nothing to say about the…
Average Session Range: Calculate and Average the High-Low Range of Specific Time Sessions Over Multiple Days. The Session Average Range is a sophisticated and precise tool designed to calculate the volatility of specific time sessions within the trading day. By meticulously analyzing the range between the high and low prices of a defined trading session…
The EUR/USD pair has shown price action recently, suggesting a possible shift in short-term trends. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action Support found above 1.0890 Resistance encountered below 1.1010 This pattern indicates that after a short-term decline, EUR/USD may be poised for an upward movement….
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by…
Taiwan stocks retreated from early strong gains on Tuesday morning amid lingering concerns over the outlook for the U.S. economy and tech companies following a record plunge a day earlier. The main index jumped more than 4% in early trade to as high as 20,640.44 points, but quickly pared those gains to be up around…
My friend messaged me, “Exciting Monday for Traders.” Today, the Nikkei 225 plunged as much as 12.5%, and the Nasdaq dropped as much as 5%. Source link