Benchmark exchange traded funds that track the S&P 500 (SP500) look to test their 200-day moving averages, a technical level that has not been topped since early April.
EUR/USD is extending the previous sell-off, 1.0100 appears at risk. US dollar holds higher ground amid a cautious mood, despite weaker yields. Daily technical setup suggests more pain for the pair, eyes on German ZEW.
US Dollar Index (DXY) takes offers to reverse Friday’s recovery moves, down 0.07% intraday near 105.60 during Monday’s Asian session. In doing so, the greenback’s gauge follows the US Treasury bond yields amid a sluggish session. The US 10-year Treasury yields remain pressured at around 2.84% after posting the weekly losses by the end of Friday.
Stock market crashes in history Even though the stock market has its roller-coaster moments, the reality is that stock market crashes aren’t that common. A few of the major U.S. stock market crashes of the past hundred years include: 1929: The stock market plunged in response to a contracting economy and investor panic, marking the onset of the Great...
The Euro enjoyed a stellar week of performance against the US Dollar as EURUSD rallied from 1.01700 to post a weekly high of 1.03699 before pulling back to trade sub-1.03.The rally came courtesy of a weaker greenback on the back of softer US CPI numbers that saw investors adjust rate hike expectations down from 75 to 50 basis points for the Fed’s September...
Currently, Avalanche can process an incredible 4,500 transactions per second, while Ethereum can only process between 15 and 30 per second. This vast difference highlights Avalanche as the superior platform in terms of scalability and transaction periods.
One of the most exciting features of Solana is its speed and scalability. It is one of the few protocols that boast over 1000 TPS because of its genuine web-scale blockchain features. In addition, Solana supports at least 50,000 TPS, which is about 3800 times faster than Ethereum and 10000 times faster than Bitcoin.
The SOXX ETF edged out the S&P 500 for the 1-year return, but it significantly outperformed the S&P for the 3-, 5- and 10-year returns, through January 31, 2022.
The iShares iBoxx $ High Yield Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds.
WTI crude oil prices remain sidelined at around $93.30-35 during Friday’s Asian session, pausing a two-day recovery around the weekly top. The black gold’s latest inaction could be linked to the light calendar and mixed catalysts. However, downbeat demand forecasts for 2022 by the Organization of the Petroleum Exporting Countries (OPEC) and the International...
DXY regains buying interest and reclaims the area above the 105.00 mark at the end of the week.
The Chicago Board Options Exchange Volatility Index, or the 'VIX' as it is better known, is a measure of the expected volatility of the US stock market.
The opposite of a head and shoulders chart is the inverse head and shoulders, also called a head and shoulders bottom. It is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: The price falls to a trough and then rises; the price falls...
The EUR/USD pair is auctioning in an inventory distribution phase after a sheer downside move. The asset declined sharply after testing the monthly high of 1.0370. A vulnerable performance is expected from Eurozone Industrial Production data.
EUR/USD flirts with the 1.0300 threshold, after posting the biggest daily gains to refresh five-week high, as traders reassess the risk profile during early Thursday morning in Europe. The reduction in the US inflation numbers propelled hopes that Fed could ease on its rate hike trajectory.
The effects of the upcoming Ethereum Merge on the crypto market have been very obvious. It has affected not just the price of ETH but the prices of other digital assets in the space, triggering a run-up that has brought them towards monthly highs.
Data collected by Glassnode suggests that options traders are looking "extremely bullish" for September, but leaning bearish again for October, the month after the merge. A look into the Ethereum derivatives market indicates that the "merge"— a long-awaited upgrade to the Ethereum network—is setting the stage for crypto traders to "buy the rumor, and sell the...
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