bounces

Nasdaq pulls away from 50-hour moving averageThe Nasdaq has made a quick recovery today and is currently trading up about 200 points or 1.08%. The highs have just reached 18486.45.As shown in yesterday’s video (“What Might Make the Nasdaq…

The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the…

USD/CAD DailyThe Canadian dollar fell after the unemployment rate rose in June to 6.4% from 6.2%. The market had expected it to rise slightly to 6.3% but the economy lost 1,400 jobs in the month and signs of weakness have mounted.That’s why…

LayerZero (ZRO) has become one of the first altcoins to rise amid the market downturn. The coin has been in the green despite its controversial launch last month. As a result, investors and market watchers remain optimistic…

USD/JPY 10 minutesThe US dollar fell on weak ISM manufacturing, but it bounced back strongly.Fuel is coming from the bond market, where 10-year Treasury yields are now up 12 basis points on the day and more than 20 basis points since their…

Heading into the end of the trading week, the US dollar rose against the Canadian dollar after hitting a new low during the previous week on the trading day. On the way to the bottom, the price returned below the 200-bar moving average on…

Roopmar is a writer and translator who has been passionate about cryptocurrencies for the past four years. Her goal as a writer is to create pieces that are informative, complete, easy to understand, and accessible for those entering the…

Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in…

Investing.com - The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a…

Japanese Finance Minister Suzuki speaks over the wire saying:Forex levels should reflect economic fundamentalsIf currency movements are excessive, we may need to smooth themIt is desirable for the foreign exchange market to move steadily,…