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Month: January 2024

Cryptocurrencies

Japanese Yen Pares Gains after BOJ Meeting

The Japanese yen is slightly lower in the European session on Tuesday. USD/JPY fell 0.54% after today’s BoJ policy meeting but has pared most of those gains and is trading at 147.82, down 0.18%. Bank Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

Johnson & Johnson holds 2024 profit forecast steady after solid Q4 earnings

Updated at 7:16 AM EST Johnson & Johnson  (JNJ) – Get Free Report posted modestly better-than-expected fourth-quarter earnings Tuesday, while reiterating its full-year profit forecast, thanks to solid sales for its psoriasis and cancer therapies. Adjusted earnings Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

General Electric slides as muted outlook offsets Q4 earnings beat

Updated at 7:18 AM EST General Electric  (GE) – Get Free Report posted stronger-than-expected fourth-quarter earnings Tuesday but forecast softer near-term profit and muted cash flow, sending its shares lower in premarket trading. Adjusted non-GAAP earnings Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

Crypto’s Decline Looks More Like a Sell-off than a Correction

Market picture The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday. The Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

Price of Bitcoin Has Dropped Below 40,000: What’s Next?

The value of the main cryptocurrency has fallen below the psychological mark for the first time since December 4th of last year. According to on-chain metrics services, the decline in the price of Bitcoin on Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

EURJPY Re-enters Its Bullish Channel

EURJPY bounces back after 200-day SMA prevents decline Rejoins its bullish setup in place since summer Momentum indicators are within their positive territories Should buying pressures persist, the price may revisit the January high of 161.85. Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

GER 40 Index Aims for Bullish Continuation

German 40 index looks for a bullish channel breakout Will the index resume its long-term uptrend? The German 40 index (cash) has been trending southwards within a channel since marking the record high of 17,000 Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

Yen Strengthens Despite Unchanged BOJ Monetary Policy

USDJPY fell on Tuesday after BoJ kept ultra-low rates unchanged, as yen strengthened on growing hopes that the central bank will start tightening policy soon. Fresh dip comes after a triple daily Doji candle, which Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

Currencies Consolidate Awaiting Bank of Canada and ECB Verdicts

The last full trading week of January is highly saturated with important fundamentals. This morning, the Bank of Japan held its meeting, tomorrow, the Bank of Canada will announce its verdict, and on Thursday, the Read more…

By , 2 years ago January 23, 2024
Cryptocurrencies

GBPUSD Ticks Up in Trading Range

GBPUSD surpasses 20-day SMA RSI points up in bullish area Short-term bias positive, but there are more threats higher GBPUSD has reversed back higher again after finding support at the lower boundary of the trading Read more…

By , 2 years ago January 23, 2024

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