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Month: October 2024

Cryptocurrencies

Pound Suppressed by Weak Inflation

The British pound fell below the 1.30 level against the dollar after weak inflation data across indicators. This sent the pound to a two-month low on speculation that the Bank of England will cut interest Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

SPX 500: First Sign of Volatility Detected

Trump’s trade war 2.0 narrative & steep sell-off in ASML spooked the performances of the major US stock indices on Tuesday, 15 October. Implied volatility in the US stock market, measured by the VIX tends Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

Stock Market Today: Stocks steady as tech seeks chip-lead rebound

Check back for updates throughout the trading day U.S. equity futures were mixed in early Wednesday trading, while tech shares looked to rebound from yesterday’s late-session slump, as investors continue to defend the market’s solid Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

GBP/USD Drops Below 1.30 on Soft Inflation Report

The British pound has finally showed some movement on Wednesday after a week of limited movement. In the European session, GBP/USD is trading at 1.2992, down 0.62% on the day. The pound fell below the Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

Crypto Market Trying to Form an Uptrend

Market Picture The crypto market cap rose by 1.4% to $2.31 trillion. Cryptocurrencies and equities are now out of sync (there was profit-taking in equities), but they maintain a general upward bias. The crypto market Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

Wayfair is selling a ‘gorgeous’ $5,760 genuine leather sofa for $2,040, and shoppers say it’s ‘worth the price’

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. A genuine leather sofa is a rare luxury that doesn’t go Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

USDJPY Faces a Pass or Fail Test

USDJPY extends consolidation around August’s bar Technical signals weaken, cannot warrant a bullish trend reversal US retail sales, jobless claims due on Thursday at 12:30 GMT USDJPY reached a two-month high of 149.96, but it Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.59; (P) 195.17; (R1) 195.70; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 Read more…

By , 2 years ago October 16, 2024
Cryptocurrencies

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.10; (P) 162.77; (R1) 163.20; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 163.47/86 resistance will resume the rebound from 154.40 to 61.8% retracement Read more…

By , 2 years ago October 16, 2024

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