FXBANkthe8055

FXBANkthe8055

U.S. stocks moved higher on Monday, following their European counterparts, as markets looked ahead to key data and actions from central banks. The S&P 500 appeared set to snap a four-session losing streak, bouncing back along with the Dow from its biggest weekly percentage loss since March 2022.

FXBANkthe8055

The down momentum continued today and carried the price down toward the 38.2% retracement of the move up from the August low to the August high. That level came in at 0.61265. The low price came in at 0.6123 before bouncing back to the upside. The current price is trading at 0.61515. Technically, the ability to hold that level gives the buyers some hope. The...

FXBANkthe8055

The down momentum continued today and carried the price down toward the 38.2% retracement of the move up from the August low to the August high. That level came in at 0.61265. The low price came in at 0.6123 before bouncing back to the upside. The current price is trading at 0.61515. Technically, the ability to hold that level gives the buyers some hope. The...

FXBANkthe8055

Option trade flows had seen strong demand and premium gains for sub 1-month expiry 1.1200-1.1300 strikes, which allow holders to buy EUR/USD at those levels if better than the spot price at expiry. Those options are being pared. Risk reversals are an option volatility trade that benefit from increased FX volatility in a particular direction. The benchmark 1-month...

FXBANkthe8055

U.S. stocks moved higher on Monday, following their European counterparts, as markets looked ahead to key data and actions from central banks. The S&P 500 appeared set to snap a four-session losing streak, bouncing back along with the Dow from its biggest weekly percentage loss since March 2022. The tech-laden Nasdaq staged a comeback after suffering its largest...

FXBANkthe8055

U.S. stocks moved higher on Monday, following their European counterparts, as markets looked ahead to key data and actions from central banks. The S&P 500 appeared set to snap a four-session losing streak, bouncing back along with the Dow from its biggest weekly percentage loss since March 2022. The tech-laden Nasdaq staged a comeback after suffering its largest...

FXBANkthe8055

The USD/CHF is trending higher today after hitting its lowest level of 2024 on Friday, followed by a strong rebound. The price action has seen the pair move above the 100-hour moving average at 0.8464 and the 200-hour moving average at 0.8470. Staying above these levels would give buyers some control, at least in the short term. On the upside, the next target is...

FXBANkthe8055

“While inverting the curve sends a warning ~2y in advance of bad times, disinversion has been a more urgent signal, suggesting trouble is only a few months away,” JPMorgan analysts Thomas Salopek and Maggie Zhong said in a recent report. However, “many are inclined to ignore this signal on the assumption that it’s different this time, as we will be cutting rates...

FXBANkthe8055

In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.” In the April-June quarter, the economy posted a...

FXBANkthe8055

The recent disinversion of the closely watched two-year, 10-year Treasury yield curve is a sign that an economic downturn is getting closer, a signal that investors shouldn’t dismiss on the belief that things are different this time, according to JPMorgan. “While inverting the curve sends a warning ~2y in advance of bad times, disinversion has been a more urgent...

FXBANkthe8055

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday According to , BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, reported no significant flows for the day. On the other hand, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $50.39 million...

FXBANkthe8055

Bitcoin open interest (OI) has dropped 12% from $34.7 billion to $30 billion over the past week, which is a net positive considering current market conditions. Rising OI when prices move sideways after a flash crash indicates that more short positions are being opened. Multiple days of negative funding rates after Aug. 5 confirmed the bearish bias. Hence, the...

FXBANkthe8055

After a year of extensive community discussions, Polygon developers announced that the migration of its MATIC token to POL was live. This change introduces POL as the new ticker symbol for the native gas and staking token on the Polygon PoS chain. Exchanges are expected to list the upgraded token. The transition to POL is a crucial component of Polygon’s...

FXBANkthe8055

The oil market looks undersupplied despite concerns over weak Chinese demand growth and prospects that Libyan oil production will soon be restored, according to UBS strategists. Based on falling oil inventories, strong demand growth in India and some European countries, as well as disappointing supply growth from some non-OPEC+ nations, market participants...

FXBANkthe8055

Strong new order growth propelled India's service sector into the expansion zone for the 37th-straight month, S&P Global reported on Wednesday. The seasonally adjusted India services purchasing managers index (PMI) posted at 60.9 in August, up from 60.3 in July and rising further above the 50-marker that separates growth from expansion, reported S&P Global,...

FXBANkthe8055

In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.” In the April-June quarter, the economy posted a...

FXBANkthe8055

In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.” In the April-June quarter, the economy posted a...

FXBANkthe8055

Spot gold GOLD fell 0.8% to $2,473.50 per ounce as of 0928 GMT, having hit its lowest since Aug. 22. U.S. gold futures GOLD dipped 0.7% to $2,505.40. "Gold is under some light pressure this morning in the face of equities’ weakness– this is normal as there may be some selling in case of equity-related margin calls," said StoneX analyst Rhona...