EUR/USD Weekly Performance: 📈 The EUR/USD pair started the week strong but closed below the 1.0900 mark. 🌐 Driven by sentiment-driven trading against the US Dollar amid global monetary policy shifts. ECB Officials' Tones and Market Uncertainty: 🏦 ECB officials' varying tones contributed to market uncertainty. 🗣️ Christine Lagarde expressed inflation concerns,...
This is a timeframe that probably most don't look at... Let's zoom out on ethereum and take a look at a 2 month timeframe. We are seeing heavy compression as the candles start to squeeze to try and shift green for the first time since the middle of 2018. Plus notice as the ema dots begin to fire green and align, positive signs. Larger timeframes like this can...
Introduction: It's been exactly one year since Ethereum underwent a significant transformation, transitioning fully to a proof-of-stake (PoS) consensus mechanism. While Ethereum's price may appear relatively unchanged over this period, significant developments have been taking place beneath the surface. This article delves into the key changes observed since the...
USD/JPY Sees First Daily Loss in Four Days Amid Shifting Momentum The USD/JPY currency pair has experienced a subtle shift in its recent trend, marking its first daily loss in four days. While lacking significant downward momentum as of late, certain factors are influencing the market sentiment. A recent report from the Japanese government has indicated a...
Brace yourselves as I bring you an exhilarating update on the current state of the US dollar (DXY) and its encounter with the formidable BRICS nations. You may have seen recent headlines highlighting the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) on the global economic landscape. These emerging economies have been making waves,...
Today will see the release of the Bank of Canada (BoC) rate decision at 2:45 pm GMT. BoC to Hold the Line The BoC is widely expected to keep its Overnight Rate on hold at 5.0% for a fifth consecutive meeting—a 22-year peak. As per the OIS curve, there’s only a 6% chance that we see a 25bp cut at today’s meeting with the first 25bp cut fully priced in for July...
Gold Faces Headwinds Amid Shifting Capital and US Treasury Yield Resurgence The price of gold, often regarded as a barometer of economic uncertainty, finds itself navigating a turbulent sea of change. As investors shift their capital towards more risk-inclined assets, the once-cherished precious metal faces a decline in demand, partly attributed to the resurgence...
Good Day Everyone A look at the GBPJPY , the pair broke and is currently trading below the previous lower high. Seeing some signs of momentum shift which still needs some more confirmations but momentum shifts nonetheless. looking for a retest of resistance level 139.212 to trigger the trade in the coming week and some more confirmation on the shift of momentum...
Bull break of the double top on the hourly chart. Bulls shifting the daily trend with a bullish MACD approaching. We have just a few resistance levels before all time highs. As mentioned in a recent youtube video, the market is shifting a bit, moves are not as fast... which has led to me taking smaller positions, to leave more wiggle room before stop levels...
Introduction In the whirlwind of global economic fluctuations and regulatory scrutiny, Alibaba Group (NYSE: NYSE:BABA ), the Chinese e-commerce behemoth, has found itself at a critical juncture. Recent developments, including a shift in management and strategic restructuring, signal a concerted effort to navigate a complex landscape of challenges while leveraging...
In today's trading session, our focus is on EURGBP, where we are eyeing a selling opportunity around the 0.85800 zone. Technically, EURGBP is trading in a downtrend and currently navigating a correction phase towards the 0.85800 support and resistance area. Now, delving into the fundamental layer, we are inclined towards a bearish stance on the Euro due to...
In a bold move reflecting Uber's commitment to a unified and streamlined delivery experience, the ride-hailing and food delivery giant announced the discontinuation of its alcohol delivery app, Drizly. The decision, effective January 16, 2024, forms part of a larger strategy to consolidate its various delivery services, ranging from food to groceries and alcohol,...
GBP/USD: Navigating Swings and Shifting Fortunes Amidst Labor Market Focus GBP/USD embarked on a journey of bullish momentum, reaching heights of 1.2730 during the European session on Thursday. However, the narrative took an intriguing turn in the latter half of the day, with the pair closing virtually unchanged below the psychological threshold of 1.2700. As of...
USD/JPY Seeks Stability Above 150.00 Amid Shifting Market Sentiment In the ever-fluctuating world of currency markets, the USD/JPY pair finds itself on a quest for stability above the psychological benchmark of 150.00. The cheerful market mood that previously prevailed is showing signs of fading, casting a shadow on the allure of risk-sensitive...
🔸Hello guys, let's review the 8 hour chart for GBPJPY today. The active range is defined since April 2022, so we are still trading in this range 12 months fast forward. Currently risk/reward shifting in bears favor since we are closing in on range highs. 🔸Active trading range is defined by range lows at 157.80 and range highs at 167.20, so this is almost 1000...
USD – The dollar slipped from 4-1/2 month highs to trade little changed on Wednesday after minutes of last month’s Federal Reserve meeting suggested there was no consensus about the timing of a tapering of its asset purchases under the US central bank’s quantitative easing program. After the release of the minutes, City Index noted that “the focus now shifts to...
This is it... (I hope..) Thy Criticality Shift is upon us. Return for thy updates. We need some serious upward movement for this shift. Let us see what unfolds.. Paths are set. We MUST enter the purple foundation lines which represent a NEW Master Operator. This operator will have full control once we enter its mainframe. Criticality Error Detected: 13.9%...
Snapchat is an Advertising Platform that leverages camera hardware using AR and Geo Location in order to create small, bite sized entertainment experiences that become cyclical and habitual for users. That they called themselves a camera company in 2017 was ludicrous and out of line. The new design leans heavily towards this model and focuses more on AR (which...