The price of bitcoin has continued its search to the upside reaching a new high going back to November 2021 of $60,765. The price is now up all her 57% from the low price for 2024 reached during the week of January 22. Since the week of September 11, 2023 the price is...
Backpack Raises $17 Million Strategic Series A Round Led by Placeholder VC
The Backpack ecosystem of companies, creators of the Backpack wallet, the Mad Lads NFT collection, and Backpack Exchange, today announced the first joint closing of their $17 million strategic Series A round at a $120 million combined valuation. The round was led by...
Kickstart your FX trading for February 28 with a technical look at 3 (no 4) major pairs
Kickstart your FX trading with a technical look at three other major currency pairs - the EURUSD, USDJPY and GBPUSD, along with a special look at the NZDUSD after the Reserve Bank of New Zealand Rates unchanged in was a bit more dovish in their commentary.While levels...
Canada Q4 current account -1.62B vs -1.25B expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US January advanced goods trade balance -$90.20B vs -88.4B estimate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US wholesale inventories for January -0.1% versus +0.4% last month
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US Q4 GDP (second reading) +3.2% vs +3.3% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Bitcoin looks to test the $60,000 natural target
Bitcoin just reached a high of $59,992, just short of the natural resistance target at $60,000.In a video yesterday, i spoke to the pair and outlined that a move below - and staying below - the 200 bar MA on the 5-minute chart was needed to give the sellers something...
US GDP and trade balance data coming up next
It's Wednesday and markets are in something of a bad mood with US equity futures lower, yields down and the US dollar strengthening across the board.The main event on the economic calendar today is the 2nd reading on US Q4 GDP. It's not a big market mover but the...
ForexLive European FX news wrap: Dollar gains as equities ease lower, Bitcoin surges
Headlines:Markets:USD leads, NZD lags on the dayEuropean equities mostly lower; S&P 500 futures down 0.3%US 10-year yields down 3 bps to 4.285%Gold flat at $2,028.53WTI crude down 1.0% to $77.44Bitcoin up 4.7% to $59,394There weren't any major headlines to steal...
FX option expiries update for 28 February 2024
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US MBA mortgage applications w.e. 23 February -5.6% vs -10.6% prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB’s Kažimír: Market’s rate cut pricing now “more realistic”
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Eurozone February final consumer confidence -15.5 vs -15.5 prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Equities stumble lower, S&P 500 futures down 0.5%
European indices are lower but not seeing as heavy losses as US futures though for now. The DAX is still up 0.1% with the Eurostoxx and CAC 40 both down by only 0.1% so far. But the UK FTSE is down 0.5% while the IBEX is down 0.3% on the day. The main drag though is...
Scalping or Day Trading. Which Trading Style Should a Trader Choose?
Among the many popular trading styles with both beginners and experienced traders are scalping, which allows you to extract small portions of profit from each price movement, and day trading, which aims to trade over a single day. In this article, you will learn what...
Dollar stays bid so far in European morning trade
The dollar is higher across the board so far on the session as it gradually gains further ground today. EUR/USD is now down 0.3% to 1.0809 while USD/JPY is up 0.2% to near 150.80 at the moment. The latter is in an interesting spot as it nears the highs this...
Switzerland February UBS investor confidence 10.2 vs -19.5 prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
RBNZ Says No More Hikes, NZD Crashes More Than 1%!
The Reserve Bank of New Zealand takes a more dovish tone as the economy’s cracks start to show. The New Zealand Dollar declines against all currencies. Against the Pound the NZD trades 0.83% lower and it has fallen more than 1.00% against the Dollar. The US Dollar...
Bitcoin eyes $60,000 next as the surge higher continues this week
The chart says it all at the moment for Bitcoin. For something that you'd think might not have too much technical correlation, this has been quite a surprisingly technical-induced jump higher for the cryptocurrency. Or at least, one can definitely argue for it in such...