Key Highlights Bitcoin price declined over 20% and even crashed below $50,000. BTC traded below a key bullish trend line with support at $67,500 on the 4-hour chart. USD/JPY tumbled and declined below the 145.00 Read more…
Japan’s nominal wages, or average monthly cash earnings, rose by 4.5% yoy in June, significantly exceeding expectations of a 2.3% yoy increase. This marks the 30th consecutive month of wage growth. More importantly, with CPI Read more…
San Francisco Fed President Mary Daly commented in a forum overnight, stating that “we’ve now confirmed that the labor market is slowing”. She emphasized the importance of ensuring that this slowdown does not turn into Read more…
After Delta (DAL) was forced to cancel over 5,500 flights two weeks ago due its system being impacted by a failed routine software update from cybersecurity firm CrowdStrike (CRWD) , Delta CEO Ed Bastian claimed Read more…
Copper has been a hot commodity, literally. If we look at Copper’s price action history on the daily chart, there is a giant spike from the 3.60 to 5.25 area in just a few months. Read more…
Nikkei 225 reversed from support level 30600.00 Likely to rise to resistance level 35000.00 Nikkei 225 index recently reversed up from the key support level 30600.00, former support from the end of 2023. The support Read more…
EURCHF reversed from support level 0.9255 Likely to rise to resistance level 0.9370 EURCHF currency pair today reversed up from the powerful support level 0.9255, which stopped the weekly downtrend at the end of 2023. Read more…
There is a classic risk aversion in the markets, reminiscent of what we saw some 16 years ago in 2008. The sell-off in U.S. markets does not look extreme yet, although Japanese markets are recording Read more…
Although the polls open to voters in November, the past month has been eventful in the run-up to the U.S. Presidential Election. While the Democratic Party rallied its supporters around Vice President Kamala Harris before Read more…
It’s nearly the fall, which means many of us are thinking about the usual things: going back to school, squeezing in some last minute warm weather activities, and – of course – Apple’s (AAPL) upcoming September release event. Ok, Read more…