March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially confirmed that it will support crypto payments for U.S. customers. Moreover, CME Group announced that its Micro Bitcoin futures contracts will launch
A look back shows what’s happening in the market On Feb 16, US 10-year yield gapped higher through resistance at 1.20% in a quick move to 1.31%. That set off a mostly one-way rise up to 1.77% earlier today. That move sparked a re-think in many asset classes, some Fed hand-wringing and non-stop inflation talk.
The price remains below 5-minute MA level/trend line/retracement on the intraday chart. The EURUSD has seen a bounce off lows for the day over the last hour or so. From an earlier post, the hourly chart did see a break below a lower channel trend line, but failed (at 1.1719 – see earlier post). The
NEW DELHI: Mentha oil prices moved lower on Tuesday amid profit-booking. At 4:51 pm, the MCX April contract of mentha oil futures quoted lower by Rs 3.40 or 0.35 per cent at Rs 955.50 per kilogram, gaining some ground after sliding to as low as Rs 932.50 in intraday trade. Mentha oil had climbed 0.16
Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies. The stock markets are having little reactions so far, with European indices mildly in black
Atlanta Federal Reserve President Raphael Bostic said on Tuesday that he does not anticipate the Federal Reserve will have to do much in response to rising US Treasury bond yields, as reported by Reuters. “Bankers are saying that credit market risk is low with repayment far better than expected when the pandemic began,” Bostic further noted.
Daily thread to exchange ideas and to share your thoughts The dollar is still holding its ground for the most part and with higher Treasury yields, yen pairs look to break higher once again with USD/JPY on approach to 110.00. The pair has broken above its June highs to climb to its highest level since March last
Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin. The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap
NEW DELHI: Gold and silver futures were trading lower on Tuesday pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The dollar climbed to a one-year high against the yen on Tuesday as accelerating vaccinations and massive stimulus in the US stoked inflation
AUD/USD trims intraday gains, stays below key hurdles. Fortnight-old horizontal area, monthly resistance line test recovery moves. Bears need to break 0.7557 for confirmation, monthly top adds to the upside barriers. AUD/USD steps back from 0.7664 while trimming intraday gains to 0.24% ahead of Tuesday’s European session. In doing so, the quote fades upside momentum
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BEST SCALPING STRATEGY | Hedging Forex Strategy | 100% Win Rate Strategy | TESTED NOW _ Part 2 Today we are going to continue testing the so-called “100% Win Rate Forex Strategy” that we purchased previously from a Forex guru. The guru said mentioned that the no-loss strategy comes with a 100% win rate. The
DeFi lending platform Liquidity Protocol has secured $6 million in Series A funding to expand its on-chain borrowing services, underscoring the continued growth of cryptocurrency loans. The funding round was led by Pantera Capital, a crypto-focused venture capital firm, with additional contributions from Nima Capital, Alameda Research, Greenfield.one and IOSG, the company announced Monday. Angel
Can the buyers stay above 100 hour MA/old year high from earlier this month. The USDCHF broke above the March 9 high at 0.93748 (and the highest level going back to July 2020), on Thursday last week, and stayed above that level on Friday. The high reached to 0.94172, before selling back off into the
Cases falling rapidly This chart shows the percentage change in virus cases in Israel indexed to the week of Dec 19, when vaccinations began. What’s important to note here is that all age categories fell rapidly, including those where vaccine penetration was lower or (in the case of 0-19 year olds) nearly non-existent. More than
Gold prices fell on Monday as a stronger U.S. dollar and hopes for a swift global economic recovery boosted share markets, denting demand for a safe haven. Spot gold was down 0.4% at $1,725.26 per ounce by 0829 GMT. U.S. gold futures slipped 0.6% to $1,722. “Gold is suffering a little bit on back of
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a softer one, followed by Euro and then Swiss Franc. Dollar and Yen are mixed for