Yesterday

In case you missed the headlines:Inflation numbers were higher than expected while initial jobless claims also jumped, with little hurricane-related impact noted. The dollar made gains on the back of this, but they were quickly erased.…

USD/JPY Hourly ChartThe high was reached earlier today around 147.20 and also tested the overnight high. The sellers held on and since then, the traffic has been one-way now as we enter European morning trading. The USD/JPY pair has…

With the dollar rebounding slightly, gold is down 1% and more importantly back below the $2,500 level. The price is still above the previous triple top pattern at around $2,480, but buyers are hoping for a more convincing push above the…

The data on the chain shows a certain state. Bitcoin whale Who raised nearly $400 million between July 30 and 31. This whale is believed to have bought the leading cryptocurrency, after seeing an opportunity to make a…

USD/JPY Daily ChartYesterday’s low was touched at 151.93 and this was similar to the May low before it recovered. The decline failed to test the 200-day moving average (blue line), which we currently see at 151.58. But the sellers are still…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

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…

It certainly did not disappoint. It was very similar to poker, where the flop (CPI report) is shown first. Then we moved to the bend (dot charts) and finally the river (McCoy Powell). Overall, it ended up being a push and pull by the…

The Atlanta Fed's GDP growth estimate for the second quarter rose to 3.1% from 2.8% yesterday. In their own words:The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1…

Yesterday we were supposed to have a hearing on the preliminary injunction in the Texas Blockchain Council v. Department of Energy case. But, as often happens in litigation, things change quickly. Tuesday the judge entered an order…