Breaking the Rules Sticking to your trading rules is paramount for success in the market. Yet, it’s all too easy for traders to stray from their established guidelines, especially when tempted by the prospect of greater profits. However, yielding to this temptation can have dire consequences. Consider this scenario: you break your rules and, by…
On June 6, cybercriminals targeted space enthusiasts by creating multiple live streams featuring deepfakes of Elon Musk during SpaceX’s fourth test launch of its Starship rocket, as reported by Avast Threat Labs. Coinciding with the actual SpaceX live stream showing the rocket’s re-entry and splashdown in the Indian Ocean, over 35 YouTube channels broadcasted fake Elon…
2024.06.07 2024.06.07 Pound posts clear gains. Forecast as of 07.06.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Labour Party will highly likely win the general election. However, what if it turns out to be unconditional? Is GBPUSD poised for a collapse, as in the case of the Mexican peso? Let’s talk about this topic and make a trading plan….
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…
Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced it acquired 247 additional Bitcoin for $17 million in cash, bringing its total holdings to 828 BTC. The company also plans to raise $150 million to expand its Bitcoin reserves. JUST IN: BlackRock spot #Bitcoin ETF IBIT had $347.1 million inflows today. pic.twitter.com/SIKByVcctA — Bitcoin Magazine (@BitcoinMagazine)…
On 11 June 2024 at 04:00 UTC, we will be listing new quarterly futures on BitMEX. The new contracts are already visible on the platform now as Unlisted. Please see the table below for the listing and settlement dates of current and upcoming futures contracts for Q3 2024. The new contracts and updated contract specs…
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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