July 4, 2024
Oil prices rose after deep weekly draw in US crude inventories
Oil prices gained about 1% after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U.S. Independence Day holiday. The Oil-Dollar pair gained 0.7% in the last session after rising as much as 1.1% during the session. The MACD is giving […]
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July 4, 2024
Yen drops to 38-year low
The yen sank to a 38-year low against the U.S. dollar and a record trough versus the euro, as the Japanese unit continued its downward spiral, with market participants on high alert for Japanese intervention to boost the currency. The Dollar-Yen pair traded sideways in the last session. The ROC’s is giving a negative signal.USD/JPY […]
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July 3, 2024
Over 50% of US hedge funds have exposure to Bitcoin
Over half of the top American hedge funds have disclosed exposure to newly launched spot Bitcoin ETFs, as BTC/USD has significantly outperformed major stocks and indexes. 13 out of the top 25 United States hedge funds had owned Bitcoin ETFs by the end of Q1 2024. The Bitcoin-Dollar pair plummeted 1.4% in the last session. […]
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July 3, 2024
Amazon’s stock rose 1.3%
Amazon shares gained 1.3% in the last session. The MACD is giving a positive signal.Amazon’s stock rose 1.3% in the last session.The MACD is giving a positive signal.Support: 190.6767 | Resistance: 201.5167
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July 3, 2024
GBP/USD gained 0.3%
The Aussie got a slight bump of 0.1% against the Dollar in the last session. The Stochastic-RSI indicates an overbought market.The Aussie-Dollar pair gained a moderate 0.1% in the last session.The Stochastic-RSI points to an overbought market.Support: 0.6618 | Resistance: 0.6709
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July 2, 2024
Apple, Tesla lifts stocks to higher close in light pre-holiday trading.
U.S. stock index futures edged higher on Monday ahead of manufacturing PMI data, with focus also on U.S. labor market numbers later in the week. Apple shares gained 2.2% in the last session. The ROC is giving a positive signal.Apple’s stock gained 2.2% in the last session.The ROC is currently in the positive zone.Support: 206.6433 […]
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