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Month: January 2025

Cryptocurrencies

Another major department store closes dozens of stores

Department stores and other retail chains in shopping malls for years have been battling huge competition from e-commerce, as well as discount and big-box retailers who offer one-stop shopping for consumer convenience. Shopping mall anchors such as Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

Analysts revisits Nvidia stock price target amid correction slump

Nvidia shares moved lower again in early Monday trading following a big change in AI technology export rules and a price target change from a top tech analyst on Wall Street.  Nvidia  (NVDA)  shares are Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

Crypto Market Struggles: Testing the Lower Bound Again

Market picture The start of the new year has not been easy for the crypto market. Losing over 2% in 24 hours to $3.22 trillion, the market was back at the bottom of the consolidation Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

EURUSD Elliott Wave: Forecasting the Decline After 3 Waves Bounce

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD , published in members area of the website. As our members know, EURUSD is Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

WTI Oil: Price Rises Further on Supply Concerns Over the Latest US Sanctions on Russia

WTI oil price spiked to new multi-month high ($78.66, the highest since Aug 14) on Monday, as steep bull-leg off $72.83 higher low, extends into third consecutive day. Growing supply concerns on the newest US Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

Stock Market Today: Stocks resume slump as Treasury yields extend surge

Check back for updates throughout the trading day U.S. equity futures moved lower Monday, while Treasury yields and the dollar resumed their recent climb, as investors looked to a busy week on Wall Street that Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

ECB’s Vujcic: Gradual rate cuts justified amid elevated uncertainty

Croatian ECB Governing Council member Boris Vujcic emphasized a cautious and deliberate approach to monetary policy adjustments during comments to Econostream Media. Vujcic stated that any acceleration in the pace of rate cuts would require Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

ECB’s Rehn: Restrictive monetary policy to end latest by mid-summer

Finnish ECB Governing Council member Olli Rehn reaffirmed the central bank’s commitment to easing monetary policy as disinflation remains on track and the region faces a weakening growth outlook. Speaking with Bloomberg TV, Rehn stated Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

Serious Divergence Between USD/JPY and US Yields Explains the Strength of JPY Due to Risk-off

USDJPY moved slightly to the upside on Friday, but it was mostly just a spike, despite higher US yields which raises the question of whether the pair is starting to lose momentum. The price action Read more…

By , 1 year ago January 13, 2025
Cryptocurrencies

S&P 500 Index Drops to 2-Month Low

On Friday, the US unemployment data was released, as reported by ForexFactory: → The unemployment rate dropped from 4.2% to 4.1%; → The number of new jobs (Non-Farm Employment Change) increased by 256,000 over the Read more…

By , 1 year ago January 13, 2025

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  • Chart alert: Silver (XAG/USD) rout extends below $75.90 key intraday resistance, bearish trend intact
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  • GBP/USD Mid-Day Outlook
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