MARKET REPORT(Unburdened by what has been) Buers Van BerlageDay in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– Fed’s Kashkari welcomes a debate about a September rate cut COMPANIES:– NASDAQ/S&P lodge longest win streaks of 2024 – 17k AT&T workers strike – GoPro to cut 15%…
The GBPUSD pair has continued its upward trajectory. Considering the magnitude of gains that bullish traders are still commanding, this market exhibits a strong bullish characteristic. Applied technical indicators are still largely in support of a continued upside move. A more detailed examination of the market is provided below. Key Price Levels:Resistance Levels: 1.3000, 1.3100,…
Trading Room August 19, 2024 | 9:08 pm | The 5%ers’ Blog > Trading Room August 19, 2024 | 9:08 pmThe 5%ers’ Blog > Trading Room Live Trading Room The trading rooms are the opportunity to trade together with our traders! In the trading rooms, we will all interact, scan, and analyze the markets and…
Cryptocurrency exchange Bybit has launched the Bybit P2P Shield, a program designed to provide financial protection to users impacted by fraudulent activities on its platform. According to the company, this initiative aims to restore trust and confidence in P2P trading and enhance security in the industry. Security in P2P Trading Dubbed Bybit P2P Shield, the…
USD/CAD is approaching a crucial support zone above 1.3600 ahead of Canadian inflation data. The Loonie has strengthened recently due to rising oil prices and USD weakness. Upcoming Canadian inflation and retail sales data, along with Fed policymakers’ statements, will be crucial for USD/CAD’s direction. Most Read: Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls…
The Latest USDJPY Update From the Savvy Trader This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who has been kind enough to share his latest view and strategy. A USDJPY Update From the Savvy…
Powell delivering speech at Jackson Hole 2023 MUFG emphasizes that this week’s US yield and USD movements will largely hinge on two critical events: the release of the FOMC minutes from the July 31 meeting and the upcoming Jackson Hole Symposium, particularly Fed Chair Powell’s speech. Key Points: FOMC Minutes: The FOMC meeting on July…
BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat July NFP report. In contrast to stocks, Bitcoin has failed to recover notable ground as the 50-day simple…
According to Axios, NVIDIA (NVDA) Research has unveiled a new generative AI weather model that significantly enhances the accuracy of short-range weather forecasts, with the potential to predict extreme weather events such as flash floods and tornado outbreaks. Nvidia (NASDAQ:) shared with Axios that this model is the first AI system capable of improving simulations…
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