News

Comprehensive guide on the head and shoulders chart pattern for traders

The head and shoulders chart pattern is a powerful tool in technical analysis, widely recognised for its ability to signal potential trend reversals in financial markets.

2024-09-23 15:02
Forex

SEC vs. Ripple Appeal Window Tightens, XRP Faces Volatility

XRP underperforms despite gains, closing at $0.5874 as the broader crypto market advances by 2.24%. SEC Chair Gensler warns of rampant fraud in crypto markets, while Ripple fights to clear its legal path forward. Congress and SEC face off over digital asset regulations, sparking uncertainty in the US crypto landscape.

2024-09-20 14:25
Forex

BTC Price Forecast: Bullish Momentum Builds as Fed Cuts Rates by 50 Basis Points

Fed’s surprise 50bps rate cut drives Bitcoin rally, with BTC closing at $61,774 and eyeing a $65K target. BTC ETF outflows surge despite Bitcoin's 2.41% gain. Net outflows of $52.7M raise concerns amid market volatility. US jobless claims and economic data could push Bitcoin toward $65K or trigger a drop to $55K, market sentiment critical.

2024-09-19 16:33
Forex

Japanese Yen Forecast: Will USD/JPY Break 139.5? BoJ and US Labor Market in Focus

Foreign inflows may drive USD/JPY lower, impacting inflation, Japanese goods demand, and BoJ policies. Stronger Yen may lower import prices, leading domestic companies to cut prices and triggering potential deflation. Weaker US labor data could spark speculation about an aggressive November Fed rate cut.

2024-09-19 11:47
Forex

Chris Larsen’s XRP Transfer Sparks Investor Concerns Amid SEC Uncertainty

XRP declines by 0.39%, underperforming the broader crypto market as concerns over an SEC appeal linger. Ripple co-founder Chris Larsen moves 50M XRP, sparking speculation on his motives and potential market impact. XRP price trends hinge on the SEC’s appeal decision, with a potential drop below $0.40 or a rally to $1.00 at stake.

2024-09-18 13:59
Cryptocurrency

U.S. Dollar Declines: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

EUR/USD settled below 1.1100 as traders reacted to the Euro Area Industrial Production report. USD/CAD was mostly flat despite the rally in precious metals markets. USD/JPY pulled back as traders focused on falling Treasury yields.

2024-09-14 11:38
Forex

The Week Ahead: Central Bankers and Inflation to Dictate Near-Term Forex Trends

US consumer confidence and inflation to influence bets on an H1 2024 Fed rate cut. Market bets on an April ECB rate cut in the hands of member states and Eurozone inflation reports. China, the Bank of Japan, the RBA, and the RBNZ will also be in the spotlight.

2024-09-13 16:32
Forex

What are the results of the first debate?

The American Misery Index predicts Harris will be the next president.

2024-09-13 13:57
Forex

France: Political Uncertainty Weighs on Public Finances and Funding Conditions

Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.

2024-09-12 15:38
Forex