Ethereum ETF would be a strong bullish signal, mirroring the impact of the ETF. An Ethereum ETF would pave the way for institutional investment, providing a regulated and accessible means for traditional investors to gain exposure to ETH. This could secure Ethereum's future as a mainstream financial asset and provide a stable foundation for long-term growth.eth will go up
GBP/JPY’s break of 186.14 minor support confirms short term topping at 188.80. Intraday bias is back on the downside for deeper pull back to 55 D EMA (now at 184.79) and possibly below. On the upside, break of 187.10 minor resistance will argue that the pull back has completed, and bring retest of 188.90 instead.
EUR/USD is back on the downside with breach of 1.0785 temporary low. Fall from 1.1148 is trying to resume to 1.0732 structural support. Decisive break there will argue that whole rise from 1.0457 has completed, and target this low. On the upside, however, break of 1.0941 will turn bias back to the upside for stronger rebound instead.
Oil prices are finding a floor near $75, backed by the OPEC statement being released after the only meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in November on production. Add the stockpile buildup number from the Energy Information Administration (EIA)...
Dxy buying area chart It’s been a phenomenal start to 2024 for the US dollar, which has already risen more than 2% against a basket of major currencies as a streak of encouraging economic data reinstilled confidence in the US economy, forcing traders to dial back bets of immediate Fed rate cuts. Economic growth has been faster than expected, empowered by strong...
Usdcad showed some resilience below the 200-period Simple Moving Average (SMA) on the 4-hour chart and the subsequent recovery favours bullish traders. Moreover, oscillators on the said chart have started gaining positive traction and holding in the bullish territory on the daily chart. This further validates a constructive outlook and suggests that the path of...
After closing the second consecutive day in negative territory on Wednesday, GBP/USD continued to edge lower early Thursday and was last seen trading at around 1.2650 Although the technical outlook points to a bearish tilt in the near term, the pair faces a two-way risk heading into the Bank of England's (BoE) policy announcements.
Gold On the daily chart, we can see that has recently broke through the key trend that was defining the downtrend and it has opened the door for a rally into the 2060 resistance zone. The buyers will now look for dip-buying opportunities on the lower timeframes while the sellers will need some key breakouts to the downside to gain back control.but we see the sell
Usdjpy On the 1 hour chart, we can see more closely the price action inside the channel with the price now close to a level where we got rejections from in the past few days. More aggressive traders might want to trade either a rejection from the level or a breakout to the upside, but ultimately the best levels, from a risk to reward perspective, are the...
USD/CHF Long • If price corrects and a subsequent two touch tight fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry...
A potential Head and shoulder has presented itself after hitting a previous Supply level above and falling over 250pips yesterday. Lower Prices are expected till the end of the week
The USDCHF fell below a KEY FLOOR LEVEL that I have been monitoring from a technical perspective at 0.86048. That break opened the door for further downside momentum the price has since fallen below its 200 bar moving average on the 4-hour chart at 0.8573 (see chart below), and the 38.2% retracement of the move up from the December low at 0.85765 Staying below...
The US Dollar Index (DXY) might find its catalyst this Wednesday.dxy fall more because of FOMC For nearly two weeks now it has been unable to trade away from both the 55-day (103.03) and the 200-day (103.54) Simple Moving Averages despite several false breaks and both MAs getting all chopped up. Although the Fed meeting this Wednesday is unlikely to usher in any...
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the...
Bring on the pain. Tech shares are being smacked in European morning trade, as S&P 500 futures and Nasdaq futures are sinking lower on the session. The former is down 0.4% while the latter is down 1.4% on the day now. There was a slight respite as European traders got to their desk today. However, that has quickly turned ugly in the last half-hour: S&P index lower...
Nadusd Business Confidence report for New Zealand shows a positive change in business outlook, with a rise to 36.5 in January from the previous reading of 33.3. This suggests an improvement in the sentiment among businesses regarding the economic environment. However, the ANZ Activity Outlook, which measures expectations for firms' own activity, registered a...
gold now bullish More today because of fomc Gold comes under some selling pressure following the overnight pullback from a two-week top, around the $2,047-2,049 area, and remains depressed heading into the European session on Wednesday. Investors further scaled back their expectations for an early interest rate cut by the Federal Reserve (Fed) after the JOLTS...
January has been a mixed month for Bitcoin. The coin jumped to a multi-year high of $49,010 after the SEC gave the green light for eleven spot ETFs. This was an important move because it took Bitcoin mainstream and made it available to institutional investors. Bitcoin then retreated sharply as investors sold the ETF news. It moved from $49,070 to a low of $38,510...