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Month: April 2024

Cryptocurrencies

Stock Market Today: Stocks edge higher as Israel-Iran risks grip markets

Check back for updates throughout the trading day U.S. equity futures edged higher in early Tuesday trading, following on from the biggest two-day decline on Wall Street since last autumn, as investors continued to track Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

UnitedHealth shares surge on Q1 earnings update, cyberattack costs

UnitedHealth Group shares moved firmly higher in early Tuesday trading after the health insurance giant reiterated its full-year profit outlook despite a surge in medical payouts and a costly cyberattack. UnitedHealth  (UNH)  said adjusted earnings for Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

Currency War and Geopolitical Risk are Deadly Concoctions for Risk Assets

The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s retail sales and persistent Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back

In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

GBP/USD Dips After Weak Employment Data

The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

EUR/USD: Limited Consolidation to Precede Fresh Push Lower

EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

German ZEW jumps to 42.9, euro’s depreciation helps

German ZEW Economic Sentiment jumped from 31.7 to 42.9 in April, well above expectation of 35.1, and marks the highest level since March 2022. But Current Situation Index improved just slightly from -80.5 to -79.2. Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

NZD Hits Five-Month Low Against Strong US Dollar

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

GBPUSD Pulls Back into the Negative Zone

GBPUSD inches down to a new five-month low An extension below 1.2400 could generate fresh selling interest GBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself within the 1.2488-1.2892 range. But its Read more…

By , 2 years ago April 16, 2024
Cryptocurrencies

Frightened Crypto Market Chooses a Path

Market picture The sell-off in US stock markets affected global risk appetite late on Monday, reversing initial positivity. As a result, crypto market capitalisation fell 5.4% in 24 hours to 2.29 trillion, back near the Read more…

By , 2 years ago April 16, 2024

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