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Month: March 2024

Cryptocurrencies

UK’s Slowing Wage Growth Drop Crumbs to BoE’s Doves

The British Pound is losing ground against the US Dollar for the second day in a row as pressure mounts on fresh UK employment data. Data for February showed a rise in Claimant Count by Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

EUR/JPY Price Forecast – Technical Analysis Outlook

Next week, markets await the Bank of Japan’s policy rate, monetary policy statement, and press conference, market participants are speculating whether the BOJ will raise interest rates for the first time since 2007. Last week, Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

Stock Market Today: Stocks higher with inflation on deck; Oracle surges

Check back for updates throughout the trading day U.S. equity futures nudged higher Tuesday, while Treasury yields and the dollar held steady, as investors braced for a key February inflation reading that could cement market Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

The Child Tax Credit explained

If you’re wondering about the recent expansion to the Child Tax Credit, and who is eligible, Lisa Greene-Lewis, CPA and TurboTax expert, explains what you should know. Watch the video above or read the transcript below. Video Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

Japanese Yen Weakens After Five Sessions of Gains

The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without interruption. Firstly, the US dollar has halted its rapid decline and shows signs of strengthening. This Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

GBP/USD Loses Ground on Soft Employment Report

The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%. UK job market slows down The UK labor market has remained resilient despite elevated interest Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

Nikkei 225 Technical: At Risk of Shaping a Multi-Week Corrective Decline

Recent rapid gains seen in the Nikkei 225 are likely to be attributed to the highly anticipated positive outcome of Japan’s annual wage negotiations results. The expected increase in wage growth for FY 2024/2025 may Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

EURUSD in the Middle of 2020-2022 Downtrend

EURUSD trades neutral as US CPI inflation data loom Short-term upleg intact but risks remain below 1.0968 EURUSD has been capped below the 50% Fibonacci retracement of the 2020-2022 downtrend at 1.0945 since Friday’s flash Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

EURJPY Drops Below Ascending Channel

EURJPY descends below ascending channel But 50-day SMA prevents further retreats Momentum indicators are tilted to the downside EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February Read more…

By , 2 years ago March 12, 2024
Cryptocurrencies

A Weak Dollar Is the Driver of Price Records for NASDAQ-100, BTC/USD, XAU/USD

Financial market participants expect an easing of the Fed’s monetary policy. The prospect of lower rates puts pressure on the value of the dollar, which in turn pushes up dollar-denominated assets. This contributed to the Read more…

By , 2 years ago March 12, 2024

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