#WaveAnalysis #AXP
▫️American Express rising inside minor impulse wave iii;
▫️ Likely to reach resistance level 250.
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▫️American Express rising inside minor impulse wave iii;
▫️ Likely to reach resistance level 250.
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FxPro News
Forex - American Express Wave Analysis 14 August 2024 | Technical analysis
- American Express rising inside minor impulse wave iii - Likely to reach resistance level 250.00 American Express recently conti...
#Crypto
▫️ Crypto market pulled back from $2.15 trillion level, losing 2.9% in 24 hours;
▫️ #Bitcoin pulled back to $58K, losing 4.5% in 24 hours, remaining under 'death cross' pressure;
▫️ #Ethereum has lost 61.8% of its growth momentum from the downturn and is at risk of losing another $500;
▫️ Tether and Circle have issued nearly $2.8bn worth of 'stable coins' over 7 days.
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▫️ Crypto market pulled back from $2.15 trillion level, losing 2.9% in 24 hours;
▫️ #Bitcoin pulled back to $58K, losing 4.5% in 24 hours, remaining under 'death cross' pressure;
▫️ #Ethereum has lost 61.8% of its growth momentum from the downturn and is at risk of losing another $500;
▫️ Tether and Circle have issued nearly $2.8bn worth of 'stable coins' over 7 days.
Read more
FxPro News
Forex - A New Downturn in the Crypto Market | Crypto Review
Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been r...
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#MarketReview #CPI #PPI
▫️ US consumer inflation slowed to 2.9%, and producer prices slowed to 2.2% y/y;
▫️ This is below average forecasts but above the Fed's target and does not justify an aggressive rate cut;
▫️ Investors' and the Fed's attention has returned to the labour market, but the dynamics of final demand should not be overlooked.
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▫️ US consumer inflation slowed to 2.9%, and producer prices slowed to 2.2% y/y;
▫️ This is below average forecasts but above the Fed's target and does not justify an aggressive rate cut;
▫️ Investors' and the Fed's attention has returned to the labour market, but the dynamics of final demand should not be overlooked.
Read more
FxPro News
Forex - US inflation hardly justifies a 50 b.p. cut | Market Overview
The US inflation report was in line with expectations, showing a 0.1 percentage point slowdown in July to 2.9% y/y for the headline measure and 3.2% ...
#EconomicReview #DXY
▫️ US Retail Sales +1% m/m vs expected 0.4%;
▫️ Weekly jobless claims fall for the second week, erasing earlier gains;
▫️ Dollar rises on a reassessment of interest rate expectations, and stocks rise on reduced risk of economic recession.
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▫️ US Retail Sales +1% m/m vs expected 0.4%;
▫️ Weekly jobless claims fall for the second week, erasing earlier gains;
▫️ Dollar rises on a reassessment of interest rate expectations, and stocks rise on reduced risk of economic recession.
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FxPro News
Forex - Dollar and risk appetite rise on upbeat data | Market Overview
Weak macro data in early August triggered a simultaneous sell-off in equities and the dollar on fears of an economic meltdown. Over the past ten days...
#WaveAnalysis
▫️S&P 500 index rising inside impulse wave 3;
▫️ Likely to test resistance level 5570.
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▫️S&P 500 index rising inside impulse wave 3;
▫️ Likely to test resistance level 5570.
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FxPro News
Forex - S&P 500 index Wave Analysis 15 August 2024 | Technical analysis
- S&P 500 index rising inside impulse wave 3 - Likely to test resistance level 5570.00 S&P 500 index recently continues to rise ins...
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#Crypto
▫️ The crypto market fell on Thursday, bucking the positive trend in equities;
▫️ #Bitcoin found support near $56K and bounced back above $58K;
▫️ US government wallet transferred 10K bitcoins to Coinbase;
▫️ Bitcoin's mining difficulty fell 4.19% week-on-week, while Ethereum supply rose 0.7% year-on-year.
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▫️ The crypto market fell on Thursday, bucking the positive trend in equities;
▫️ #Bitcoin found support near $56K and bounced back above $58K;
▫️ US government wallet transferred 10K bitcoins to Coinbase;
▫️ Bitcoin's mining difficulty fell 4.19% week-on-week, while Ethereum supply rose 0.7% year-on-year.
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FxPro News
Forex - Government Bitcoin Sales Weigh on Prices | Crypto Review
Market Overview The positive sentiment in stock markets has yet to spill over into cryptocurrencies due to selling pressure. The Crypto Fear and G...
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#MarketReview
▫️ #Gold is making its third attempt in 30 days to consolidate above $2470;
▫️ $2500 looks like a key near-term upside target.
▫️ The distant bullish target is the $2800-2900 area.
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▫️ #Gold is making its third attempt in 30 days to consolidate above $2470;
▫️ $2500 looks like a key near-term upside target.
▫️ The distant bullish target is the $2800-2900 area.
Read more
FxPro News
Forex - Gold: Third Time Lucky? | Market Overview
Gold has been rising steadily since the end of last week and is attempting to consolidate above $2470 per troy ounce on the spot market for the third...
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#WaveAnalysis #BA
▫️Boeing reversed from support area;
▫️ Likely to rise to resistance level 196.00.
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▫️Boeing reversed from support area;
▫️ Likely to rise to resistance level 196.00.
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FxPro News
Forex - Boeing Wave Analysis 16 August 2024 | Technical analysis
- Boeing reversed from support area - Likely to rise to resistance level 196.00 Boeing recently reversed up from the strong support area lo...
#Crypto
▫️ Crypto cap is at $2.07, and $2.15 has become a strong resistance, undermining confidence in global risk demand;
▫️ Stablecoin cap is rising, updating all-time highs, with BTC the main beneficiary so far;
▫️ #Litecoin is retreating from the 50-day, which has acted as active resistance for the past 4 months;
▫️ Artificial intelligence-related crypto projects may fail due to a potential 'bubble collapse' in the sector.
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▫️ Crypto cap is at $2.07, and $2.15 has become a strong resistance, undermining confidence in global risk demand;
▫️ Stablecoin cap is rising, updating all-time highs, with BTC the main beneficiary so far;
▫️ #Litecoin is retreating from the 50-day, which has acted as active resistance for the past 4 months;
▫️ Artificial intelligence-related crypto projects may fail due to a potential 'bubble collapse' in the sector.
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FxPro News
Forex - The crypto market attracts money, but prices don’t rise | Crypto Review
Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the...
#MarketReview #WTI
▫️ Oil retreated, failing to return to the area above the 200- and 50-week averages;
▫️ The price decline is happening against a favourable background: prices for risky assets are growing, the dollar is falling;
▫️ Purchases for the strategic reserve continue, drilling activity remains low;
▫️ Movement within the trend suggests a decline to $70 by the end of the month.
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▫️ Oil retreated, failing to return to the area above the 200- and 50-week averages;
▫️ The price decline is happening against a favourable background: prices for risky assets are growing, the dollar is falling;
▫️ Purchases for the strategic reserve continue, drilling activity remains low;
▫️ Movement within the trend suggests a decline to $70 by the end of the month.
Read more
FxPro News
Forex - Oil: the lost positive link | Market Overview
The cost of a barrel of WTI has fallen four out of the last five sessions, underlining the bears' dominance. Selling is intensifying as the price ris...
#EconomicReview
▫️ Building Activity has fallen to levels where the Fed would start cutting rates in 2007 and 2019;
▫️ Despite expectations of looser policy, this sounds like bad news for equities and bullish for the dollar.
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▫️ Building Activity has fallen to levels where the Fed would start cutting rates in 2007 and 2019;
▫️ Despite expectations of looser policy, this sounds like bad news for equities and bullish for the dollar.
Read more
FxPro News
Forex - The housing market has slipped into worrying territory | Market Overview
Economic data from the US in recent weeks has reduced the risk of recession and encouraged the purchase of risk assets, but the construction sector i...
#Crypto
▫️ Cryptocurrency cap rises to $2.15 (+4% in 24 hours), the August resistance level;
▫️ #Bitcoin at $61.0K makes another attempt to break above 50-day MA and targets 200-day;
▫️ #Solana under pressure on SEC news and remains near lower end of trading range;
▫️ US Fed and FinCEN equate cryptocurrencies and digital assets to money.
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▫️ Cryptocurrency cap rises to $2.15 (+4% in 24 hours), the August resistance level;
▫️ #Bitcoin at $61.0K makes another attempt to break above 50-day MA and targets 200-day;
▫️ #Solana under pressure on SEC news and remains near lower end of trading range;
▫️ US Fed and FinCEN equate cryptocurrencies and digital assets to money.
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FxPro News
Forex - As the Crypto market tests resistance, Solana eyes support | Crypto Review
Market picture The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Sell...
#MarketReview
▫️ The dollar has lost around 4% since the beginning of July and more than 2.3% since its peak in August;
▫️ Pressure comes from expectations of more aggressive Fed rate cuts;
▫️ #DXY has pulled back to key trading range support of the past 20 months;
▫️ Powell's speech has the potential to both turn #USD higher and confirm a path to the downside.
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▫️ The dollar has lost around 4% since the beginning of July and more than 2.3% since its peak in August;
▫️ Pressure comes from expectations of more aggressive Fed rate cuts;
▫️ #DXY has pulled back to key trading range support of the past 20 months;
▫️ Powell's speech has the potential to both turn #USD higher and confirm a path to the downside.
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FxPro News
Forex - Dollar on the edge | Market Overview
The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations ...
#EconomicReview
▫️ Canadian inflation slowed to its lowest since 2021, generally below expectations;
▫️ New home prices returned to year-over-year growth;
▫️ #USDCAD fell despite weak oil and came close to testing 200-day MA.
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▫️ Canadian inflation slowed to its lowest since 2021, generally below expectations;
▫️ New home prices returned to year-over-year growth;
▫️ #USDCAD fell despite weak oil and came close to testing 200-day MA.
Read more
FxPro News
Forex - Canadian inflation to slow to lowest since 2021 | Market Overview
Canadian inflation slowed to 2.5% y/y, the lowest since March 2021, in line with expectations. Several core indices tracked by the Bank of Canada (co...
#WaveAnalysis
▫️#USDCHF reversed from resistance area;
▫️ Likely to fall to support level 0.8500.
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▫️#USDCHF reversed from resistance area;
▫️ Likely to fall to support level 0.8500.
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FxPro News
Forex - USDCHF Wave Analysis 20 August 2024 | Technical analysis
- USDCHF reversed from resistance area - Likely to fall to support level 0.8500 USDCHF currency pair recently reversed down from the resist...
#Crypto
▫️ The Crypto market once again failed to break through the $2.15 trillion mark, falling 2.3% to $2.1 trillion;
▫️ #Bitcoin pulled back after another test of the 50-day average;
▫️ #Tron is rallying, up about 40% from 5 Aug lows, but has already made it to $1.6, a turbulent zone;
▫️ In bitcoin options for dates after the US election, the most popular position is a $80K strike call.
▫️ The Crypto market once again failed to break through the $2.15 trillion mark, falling 2.3% to $2.1 trillion;
▫️ #Bitcoin pulled back after another test of the 50-day average;
▫️ #Tron is rallying, up about 40% from 5 Aug lows, but has already made it to $1.6, a turbulent zone;
▫️ In bitcoin options for dates after the US election, the most popular position is a $80K strike call.
FxPro News
Forex - Tron has climbed to a zone of turbulence | Crypto Review
Market picture The crypto market once again failed to break through the $2.15 trillion cap mark, falling 2.3% to $2.1 trillion, almost back to whe...
#MarketReview
▫️ #EURUSD above 1.11 is testing the top of a range from early 2023;
▫️ The pair has broken above the 200-week MA and formed a golden cross, a bullish signal;
▫️ Locally, EURUSD looks overheated and vulnerable to Fed comments and revised employment data.
▫️ #EURUSD above 1.11 is testing the top of a range from early 2023;
▫️ The pair has broken above the 200-week MA and formed a golden cross, a bullish signal;
▫️ Locally, EURUSD looks overheated and vulnerable to Fed comments and revised employment data.
FxPro News
Forex - EURUSD: Break out of range or pull back? | Market Overview
The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its t...
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#MarketReview
▫️ #EURJPY, #USDJPY back in the red, failing to build on a rebound from equity indices;
▫️ The yen is supported by expectations that a quiet market will put a rate hike by the Bank of Japan back on the agenda.
▫️ #EURJPY, #USDJPY back in the red, failing to build on a rebound from equity indices;
▫️ The yen is supported by expectations that a quiet market will put a rate hike by the Bank of Japan back on the agenda.
FxPro News
Forex - The Yen Heads for a New Round of Growth | Market Overview
Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this ...