Bitcoin has been lagging in the recovery from the broad market rout in the start of August, in part because of worries about the sale of Mt. Gox bitcoin. But it's making up for lost time today, rallying nearly 5% and trading at a session high. The daily chart has a nice look as it breaks out of two weeks of consolidation to the upside with not much standing in the way of $68,000.

Bitcoin has been lagging in the recovery from the broad market rout in the start of August, in part because of worries about the sale of Mt. Gox bitcoin. But it's making up for lost time today, rallying nearly 5% and trading at a session high. The daily chart has a nice look as it breaks out of two weeks of consolidation to the upside with not much standing in the way of $68,000.

It is also moving further away from the near converged 100 and 200-day moving averages (blue and green lines on the chart above) which come in at $63,478 and $63,712. The current price is trading down to $60,100 just above the natural support at $60,000.

It is also moving further away from the near converged 100 and 200-day moving averages (blue and green lines on the chart above) which come in at $63,478 and $63,712. The current price is trading down to $60,100 just above the natural support at $60,000.

The drop in bitcoin is something of a red flag for tech stocks ahead of Nvidia earnings. There has been a tight correlation for most of the year between the Nasdaq and BTC, though it's disconnected this week. Some of that might be related to selling around the Mt. Gox bitcoin but I also worry that it's been notably quiet around crypto lately as bitcoin has spent six months in a range.

The drop in bitcoin is something of a red flag for tech stocks ahead of Nvidia earnings. There has been a tight correlation for most of the year between the Nasdaq and BTC, though it's disconnected this week. Some of that might be related to selling around the Mt. Gox bitcoin but I also worry that it's been notably quiet around crypto lately as bitcoin has spent six months in a range.

There aren't many charts more technical than bitcoin and with today's 4.5% decline, it's sending all the wrong signals. It's only been below these levels for a few hours over the past six months and the last time it was here it was flushed down to $50,000 in something of a flash crash.

There aren't many charts more technical than bitcoin and with today's 4.5% decline, it's sending all the wrong signals. It's only been below these levels for a few hours over the past six months and the last time it was here it was flushed down to $50,000 in something of a flash crash.

Bitcoin was looking ugly on Friday as it broke down to $52,500 but the dip buyers stepped up on the weekend and are continuing to buy today as the risk trade improves. The rally to $56,700 is nearly back to Friday's high of $56,995 and that's going to offer some resistance here.

Bitcoin was looking ugly on Friday as it broke down to $52,500 but the dip buyers stepped up on the weekend and are continuing to buy today as the risk trade improves. The rally to $56,700 is nearly back to Friday's high of $56,995 and that's going to offer some resistance here.

Bitcoin changed little over Wednesday and is trading slightly below $20K on Thursday morning, keeping the controversy at bay, which is now a defining moment for the cryptocurrency market. Ethereum lost 5.1% in 24 hours to $1090. Altcoins in the top 10 fell from 0.7% (Tron) to 8.5% (Solana). The exception was Dogecoin (+0.9%). The Cryptocurrency Fear and Greed Index was down 2 points to 11 by Thursday and remains in a state of “extreme fear”.

Bitcoin changed little over Wednesday and is trading slightly below $20K on Thursday morning, keeping the controversy at bay, which is now a defining moment for the cryptocurrency market. Ethereum lost 5.1% in 24 hours to $1090. Altcoins in the top 10 fell from 0.7% (Tron) to 8.5% (Solana). The exception was Dogecoin (+0.9%). The Cryptocurrency Fear and Greed Index was down 2 points to 11 by Thursday and remains in a state of “extreme fear”.

Bitcoin has climbed above the September high in a strong turnaround from yesterday's selloff. It's up 5.3% or $3000 in the best gain in a week. Bitcoin has struggled to keep pace with the improving risk appetite in September and is well-below the summer highs as US stocks flirt with records. Bitcoin has had a good correlation with stocks and particularly chip stocks this year but that's weakened recently.

Bitcoin has climbed above the September high in a strong turnaround from yesterday's selloff. It's up 5.3% or $3000 in the best gain in a week. Bitcoin has struggled to keep pace with the improving risk appetite in September and is well-below the summer highs as US stocks flirt with records. Bitcoin has had a good correlation with stocks and particularly chip stocks this year but that's weakened recently.

“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.” Bloomberg (gated) carried the report, noting that Harris’ comments mark the first time she has commented on cryptocurrencies as the Democratic presidential nominee.

“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.” Bloomberg (gated) carried the report, noting that Harris’ comments mark the first time she has commented on cryptocurrencies as the Democratic presidential nominee.

AUD/JPY steadily moves back closer to a multi-week high touched on Wednesday. The RBA’s hawkish stance and a positive risk tone continue to benefit the Aussie. Bets for another BoJ rate hike in 2024 should limit the JPY losses and cap the cross. The AUD/JPY cross attracts some dip-buying during the Asian session on Thursday and jumps back above the 99.00 mark in the last hour, though remains below over a three-week top touched the previous day.  The Australian Dollar (AUD) continues to draw support from a more hawkish stance adopted by the Reserve Bank of Australia (RBA). In fact, the Australian central bank reiterated on Tuesday that policy will need to be restrictive until confidence returns that inflation is moving sustainably towards the target range. Adding to this, RBA Governor Michele Bullock stated that the recent data has not significantly influenced the policy outlook.  Moreover, the latest consumer inflation figures released on Wednesday showed that the core CPI remains above the RBA's 2-3% target band and is not enough to justify rate cuts in the near term. Meanwhile, the RBA's semi-annual Financial Stability Review (FSR) revealed that the risk of widespread financial stress remains limited. Furthermore, a positive risk tone undermines the safe-haven Japanese Yen (JPY) and benefits the risk-sensitive Aussie.  That said, growing acceptance that the Bank of Japan (BoJ) will hike interest rates again by the end of this year should help limit deeper JPY losses and keep a lid on the AUD/JPY cross. The bets were reaffirmed by the BoJ meeting minutes released earlier today, which showed that board members shared a view over the need for vigilance to the risk of inflation overshoot and that it was appropriate to adjust the degree of monetary support moderately. Even from a technical perspective, the formation of a 'Death Cross' on the daily chart – with the 50-day Simple Moving Average (SMA) crossing below the very important 200-day SMA – warrants some caution for bullish traders. Hence, any subsequent move up is more likely to confront stiff resistance and remain capped near the 100.00 psychological mark, or the 200-day SMA, which should now act as a key pivotal point for the AUD/JPY cross.

AUD/JPY steadily moves back closer to a multi-week high touched on Wednesday. The RBA’s hawkish stance and a positive risk tone continue to benefit the Aussie. Bets for another BoJ rate hike in 2024 should limit the JPY losses and cap the cross. The AUD/JPY cross attracts some dip-buying during the Asian session on Thursday and jumps back above the 99.00 mark in the last hour, though remains below over a three-week top touched the previous day.  The Australian Dollar (AUD) continues to draw support from a more hawkish stance adopted by the Reserve Bank of Australia (RBA). In fact, the Australian central bank reiterated on Tuesday that policy will need to be restrictive until confidence returns that inflation is moving sustainably towards the target range. Adding to this, RBA Governor Michele Bullock stated that the recent data has not significantly influenced the policy outlook.  Moreover, the latest consumer inflation figures released on Wednesday showed that the core CPI remains above the RBA's 2-3% target band and is not enough to justify rate cuts in the near term. Meanwhile, the RBA's semi-annual Financial Stability Review (FSR) revealed that the risk of widespread financial stress remains limited. Furthermore, a positive risk tone undermines the safe-haven Japanese Yen (JPY) and benefits the risk-sensitive Aussie.  That said, growing acceptance that the Bank of Japan (BoJ) will hike interest rates again by the end of this year should help limit deeper JPY losses and keep a lid on the AUD/JPY cross. The bets were reaffirmed by the BoJ meeting minutes released earlier today, which showed that board members shared a view over the need for vigilance to the risk of inflation overshoot and that it was appropriate to adjust the degree of monetary support moderately. Even from a technical perspective, the formation of a 'Death Cross' on the daily chart – with the 50-day Simple Moving Average (SMA) crossing below the very important 200-day SMA – warrants some caution for bullish traders. Hence, any subsequent move up is more likely to confront stiff resistance and remain capped near the 100.00 psychological mark, or the 200-day SMA, which should now act as a key pivotal point for the AUD/JPY cross.

The Australian Dollar gains ground as the RBA and Fed adopt different policy outlooks. The Reserve Bank of Australia is highly expected to keep interest rates unchanged in the near future. The US Federal Reserve may deliver more rate cuts by the end of this year. The Australian Dollar (AUD) retraces its recent losses against the US Dollar (USD) on Thursday. The AUD/USD pair receives support from the divergent monetary policy outlooks between the two central banks. Additionally, the commodity-linked Aussie Dollar found support as China, its largest trading partner, announced a new round of stimulus measures to boost its economy. The Reserve Bank of Australia (RBA) held the Official Cash Rate (OCR) steady at 4.35% on Tuesday, offering support to the Australian Dollar and bolstering the AUD/USD pair. Additionally, RBA Governor Michele Bullock confirmed that rates will remain on hold for now. The Federal Open Market Committee (FOMC) lowered the federal funds rate to a range of 4.75% to 5.0% by delivering a bumper 50 basis point rate cut, marking the Fed’s first rate cut in over four years. According to the CME FedWatch Tool, markets are pricing in around 50% chance of 75 basis points to be deducted by the Fed to a range of 4.0-4.25% by the end of this year.

The Australian Dollar gains ground as the RBA and Fed adopt different policy outlooks. The Reserve Bank of Australia is highly expected to keep interest rates unchanged in the near future. The US Federal Reserve may deliver more rate cuts by the end of this year. The Australian Dollar (AUD) retraces its recent losses against the US Dollar (USD) on Thursday. The AUD/USD pair receives support from the divergent monetary policy outlooks between the two central banks. Additionally, the commodity-linked Aussie Dollar found support as China, its largest trading partner, announced a new round of stimulus measures to boost its economy. The Reserve Bank of Australia (RBA) held the Official Cash Rate (OCR) steady at 4.35% on Tuesday, offering support to the Australian Dollar and bolstering the AUD/USD pair. Additionally, RBA Governor Michele Bullock confirmed that rates will remain on hold for now. The Federal Open Market Committee (FOMC) lowered the federal funds rate to a range of 4.75% to 5.0% by delivering a bumper 50 basis point rate cut, marking the Fed’s first rate cut in over four years. According to the CME FedWatch Tool, markets are pricing in around 50% chance of 75 basis points to be deducted by the Fed to a range of 4.0-4.25% by the end of this year.

1. Trump will return to the site of the attempted assassination on October 5th and hold a campaign rally. 2. The US Senate has received enough votes to pass the interim government appropriations bill, avoiding the crisis of a government shutdown at the end of this month. It is expected that US President Biden will sign the bill later. 3. Federal Reserve Governor Kugler stated that if inflation progresses as expected, it will support further interest rate cuts in the future. 4. The Israeli Defense Forces announced that the commander of the Israeli Northern Command, Goldin, stated that the war has entered another stage and the Israeli army needs to be "fully prepared" to launch a ground attack on Hezbollah in Lebanon. 5. PayPal allows the establishment of commercial accounts for the purchase, holding, and sale of cryptocurrencies. 6. The Federal Reserve's overnight reverse repurchase agreement (RRP) usage scale on Wednesday was $416.193 billion.

1. Trump will return to the site of the attempted assassination on October 5th and hold a campaign rally. 2. The US Senate has received enough votes to pass the interim government appropriations bill, avoiding the crisis of a government shutdown at the end of this month. It is expected that US President Biden will sign the bill later. 3. Federal Reserve Governor Kugler stated that if inflation progresses as expected, it will support further interest rate cuts in the future. 4. The Israeli Defense Forces announced that the commander of the Israeli Northern Command, Goldin, stated that the war has entered another stage and the Israeli army needs to be "fully prepared" to launch a ground attack on Hezbollah in Lebanon. 5. PayPal allows the establishment of commercial accounts for the purchase, holding, and sale of cryptocurrencies. 6. The Federal Reserve's overnight reverse repurchase agreement (RRP) usage scale on Wednesday was $416.193 billion.

The United States Federal Reserve is expected to lower interest rates in response to slowing inflation and cooling the labour market. Will the Federal Reserve have the courage to significantly reduce interest rates? How will financial markets react to this decision? Economists' and analysts' opinions differ. A majority of economists polled by Reuters since May have been calling for two Fed rate cuts this year, but the number increased to three last month.

The United States Federal Reserve is expected to lower interest rates in response to slowing inflation and cooling the labour market. Will the Federal Reserve have the courage to significantly reduce interest rates? How will financial markets react to this decision? Economists' and analysts' opinions differ. A majority of economists polled by Reuters since May have been calling for two Fed rate cuts this year, but the number increased to three last month.

FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump uncertainty. FBS analysts highlight that financial markets are experiencing turbulent times and investors are looking for safe-haven assets like gold and government bonds. According to the FBS experts, cryptocurrencies, particularly Bitcoin, become more appealing. FBS financial market analysts have explored Bitcoin’s historical performance during past US elections and speculated on its potential role in 2024.

FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump uncertainty. FBS analysts highlight that financial markets are experiencing turbulent times and investors are looking for safe-haven assets like gold and government bonds. According to the FBS experts, cryptocurrencies, particularly Bitcoin, become more appealing. FBS financial market analysts have explored Bitcoin’s historical performance during past US elections and speculated on its potential role in 2024.

Forex trading is a profitable business but at the same time, it is not an easy business. As there are so many courses out there, it is helpful to know what to consider in order to avoid wasting time, money and energy. To ensure that you get the best forex trading course here is a detailed guide that will assist you in the selection process.

Forex trading is a profitable business but at the same time, it is not an easy business. As there are so many courses out there, it is helpful to know what to consider in order to avoid wasting time, money and energy. To ensure that you get the best forex trading course here is a detailed guide that will assist you in the selection process.

There is just one to take note of on the day, as highlighted in bold. However, given the overarching theme in markets this week i.e. dollar weakness, the expiries for EUR/USD at the 1.1100 level may not matter too much. The pair is looking to secure a breakout as noted here, and that is the main focus for price action currently.

There is just one to take note of on the day, as highlighted in bold. However, given the overarching theme in markets this week i.e. dollar weakness, the expiries for EUR/USD at the 1.1100 level may not matter too much. The pair is looking to secure a breakout as noted here, and that is the main focus for price action currently.

Since its launch in April 2024, mobile-first trading platform 50K.Trade has revolutionized personal finance and investing for Europeans. With its user-friendly interface, commission-free trading, and high interest rates on unused cash, it is creating a buzz, particularly among millennials and first-time investors. If you’re considering using 50K.Trade or are curious about its features, here are seven things you should know about the app. 1. Rock-Bottom Fees Unlike traditional brokerages that charge fees for every transaction, 50K.Trade allows users to buy and sell real US stocks and ETFs without paying any buy/sell fees. A 0.1% fee applies for European stocks and ETFs.

Since its launch in April 2024, mobile-first trading platform 50K.Trade has revolutionized personal finance and investing for Europeans. With its user-friendly interface, commission-free trading, and high interest rates on unused cash, it is creating a buzz, particularly among millennials and first-time investors. If you’re considering using 50K.Trade or are curious about its features, here are seven things you should know about the app. 1. Rock-Bottom Fees Unlike traditional brokerages that charge fees for every transaction, 50K.Trade allows users to buy and sell real US stocks and ETFs without paying any buy/sell fees. A 0.1% fee applies for European stocks and ETFs.

August was a wild ride. It's typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn. That's left some nice-looking monthly charts and a series of breakouts. The US dollar has fallen substantially and will end the month at or near multi-year lows on a few fronts.

August was a wild ride. It's typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn. That's left some nice-looking monthly charts and a series of breakouts. The US dollar has fallen substantially and will end the month at or near multi-year lows on a few fronts.

There are a couple to take note of on the day, as highlighted in bold. And they are all for EUR/USD, layered in between 1.1100 through to 1.1150. Traders are still largely digesting the Fed decision from yesterday but the expiries above could play a role in locking price action in and around the range above in the meantime.

There are a couple to take note of on the day, as highlighted in bold. And they are all for EUR/USD, layered in between 1.1100 through to 1.1150. Traders are still largely digesting the Fed decision from yesterday but the expiries above could play a role in locking price action in and around the range above in the meantime.

Bitcoin has been the king of cryptocurrencies since its launch in 2009. However, as the crypto world continues to evolve, Bitcoin faces competition from more technologically advanced cryptocurrencies like Ethereum and Solana. And now people are beginning to wonder if it will remain on top. Well, many pointers show that Bitcoin will remain one of the most dominant cryptos, if not the king. Here are some of the reasons why.

Bitcoin has been the king of cryptocurrencies since its launch in 2009. However, as the crypto world continues to evolve, Bitcoin faces competition from more technologically advanced cryptocurrencies like Ethereum and Solana. And now people are beginning to wonder if it will remain on top. Well, many pointers show that Bitcoin will remain one of the most dominant cryptos, if not the king. Here are some of the reasons why.

The most prevalent misconception we've observed at FX Evolution is the belief that trading success hinges solely on finding the "perfect" strategy. While having a solid strategy is essential, many traders overlook the importance of risk management and emotional discipline. The recurring mistake is that traders often get caught up in the excitement of potential profits and forget that consistent, long-term success is more about managing losses and sticking to a well-structured plan.

The most prevalent misconception we've observed at FX Evolution is the belief that trading success hinges solely on finding the "perfect" strategy. While having a solid strategy is essential, many traders overlook the importance of risk management and emotional discipline. The recurring mistake is that traders often get caught up in the excitement of potential profits and forget that consistent, long-term success is more about managing losses and sticking to a well-structured plan.