The price of crude oil settled at $69.46, down -$3.21 or -4.42%. The high reached $73.55. The low extended to $69.02. The 50% of the move up from the low from May 4th came in at $69.19. The price lows for the day also moved below the swing low from mid-June near $69.42, but the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold bounced back from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the U.S. debt ceiling deal. Spot gold rose 0.9% to $1,960.55 per ounce by 11:51 a.m. EDT (1551 GMT), after hitting its lowest since March 17 earlier. U.S. gold futures gained 0.8% at
Trading has remained muted as major markets recuperate from a lengthy weekend. Investors are not reacting dramatically to the agreement regarding US debt ceiling. Instead, they are casting a cautious eye towards Congress, awaiting indications of how the deal will be received. Compounding the apprehension, a slew of significant economic data is slated for release
Share: AUD/USD portrays a volatile reaction to Australia inflation data, China activity numbers. Australia Monthly Consumer Price Index jumps to 6.8% in April, China’s officials PMIs ease for May. Market sentiment dwindles amid mixed signals from data, risk catalysts. US House of Representatives’ voting on measures to avoid default, JOLTS Job Openings eyed for clear
Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero. Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi ecosystem across a number of different blockchains. The Cosmos-based blockchain is a DeFi-focused ecosystem which
USDJPY below 100 hour MA The USDJPY has fallen below its 100-hour moving average at 139.949 and close below that level over the last 2 hourly bars. The price of the pair last close below that moving average on May 12. The last cycle low was on May 3 at 133.492. The high price today
The S&P 500 is trading higher by 22 points, or 0.6%, to 4236 shortly after the open. Even stronger is the Nasdaq, which is up 1.1%. Pacing the gain is a 4% rally in Nvidia shares. The chipmaker now has a $1 trillion market cap, joining Apple, Alphabet, Amazon, and Microsoft in the club. It’s
Gold prices, which touched a two-month low on Tuesday, may witness further correction in the coming days giving some relief to families who have a wedding in this marriage season. Prices of gold had fallen below Rs 60,000 per 10 gm on Tuesday and were hovering around Rs 59,980 per 10 gm. Hareesh V, Head
Dollar appears to be taking a breather, experiencing a broad decline in month-end trading as it reverses some of its recent gains. The initial support from the debt ceiling deal seems to be waning, while market participants are adopting a cautious stance ahead of this week’s crucial non-farm payroll data. The figures are expected to
Share: CB Consumer Confidence Index declined modestly in May. US Dollar Index stays in positive territory above 104.00. Consumer sentiment in the US weakened slightly in May with the Conference Board’s Consumer Confidence Index edging lower to 102.3 from 103.7 in April (revised from 101.3). Further details of the publication revealed that the Present Situation
In this video, ill teach you a simple ICT Silver Bullet Hack that you can use right now to pass your challenges and what not. This is a very easy to follow strategy that even a beginner can use. We use the concepts of fair value gap (fvg,) balanced price range (bpr,) orderblock, mss and
Beginners who start forex trading often fall into the trap of going around finding the best trading strategies before they realize how insignificant it is in the long term. Beginner forex traders need to put in the time and patience to learn trading properly. Don’t make the mistake of rushing into it to make quick
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Dollar index with the 50 day and 200 day moving averages Bank of America (BofA) has shared insights into 8technical strategies based on historical performance data, revealing a variety of potential investment patterns. Key findings include: Golden Cross: This event, when the 50-day moving average (MA) crosses above the 200-day MA, tends to precede rises
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices slipped on Monday as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the U.S., possibly averting a default in the world’s largest economy and oil consumer. Brent crude futures slipped 68 cents, or 0.8%, to $76.27 a barrel by 1350 GMT, while U.S. West Texas Intermediate
Share: NZD/USD picks up bids within three-day-old descending triangle. RSI’s rebound from oversold territory, bullish MACD signals suggest further corrective bounce of the Kiwi pair. Buyers to stay skeptical below 0.6250 resistance confluence. NZD/USD prints mild gains around 0.6050 inside a bullish triangle formation portrayed at the yearly low. In doing so, the Kiwi pair