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ETHUSD is set to commence a short-term retracement to the downside. ETHUSD approached a significant demand area during its upward retracement. After ETHUSD rapidly surged in June and July 2023, the market’s sentiment turned bearish. The price reached a new high at $2030.00, forming a prominent resistance level. The bearish shift occurred after a successful […]

Currently, BTCUSD remains in a distribution phase following a recent two-week expansion. It was initiated by a rebound from a developing trendline in mid-October 2023. As a result, a significant downward retracement is looming. This period of consolidation reflects the market’s attempt to find stability after the recent surge. Prior to the surge, BTCUSD had […]

London open: FTSE edges higher ahead of payrolls London stocks rose in early trade on Friday following a solid session on Wall Street, but gains were muted as investors eyed the release of the all-important non-farm payrolls report. At 0820 GMT, the FTSE 100 was up 0.2% at 7,460.92. The payrolls report, unemployment rate and […]

London open: Stocks rise ahead of BoE rate announcement London stocks rose in early trade on Thursday after the US Federal Reserve stood pat on interest rates, with the Bank of England widely expected to do the same at midday. At 0820 GMT, the FTSE 100 was up 0.7% at 7,395.27. Overnight, the Fed left […]

London open: Stocks edge up as Next, GSK boost outlooks London stocks edged up in early trade on Wednesday, helped along by well-received updates from the likes of Next and GSK, as investors awaited the latest policy announcement from the US Federal Reserve. At 0830 GMT, the FTSE 100 was up 0.3% at 7,340.05. Susannah Streeter, head of […]

Despite their differences, bonds and crypto assets currently provide a similar annual yield. Bond yields rely on multiple factors, such as interest rates and credit ratings, while crypto staking involves earning rewards through network validation, entailing its unique risks. How Does Investment Yields? Yield stands as a crucial metric in investing, denoting the income generated […]

London open: Stocks flat as BP results disappoint London stocks were steady in early trade on Tuesday, with BP under pressure after disappointing third-quarter numbers, as investors mulled the latest data out of China and UK shop price index. At 0830 GMT, the FTSE 100 was flat at 7,327.27. Susannah Streeter, head of money and markets at Hargreaves […]

London open: Stocks gain ahead of key policy announcements; HSBC results in focus London stocks rose in early trade on Monday as investors mulled results from the likes of HSBC and Pearson, and looked ahead to a series of key central bank policy announcements this week. At 0845 GMT, the FTSE 100 was up 0.8% at 7,351.45. Rate […]

London open: Stocks nudge down ahead of US PCE; NatWest tumbles London stocks nudged lower in early trade on Friday as investors eyed the release of a key US inflation reading, with NatWest under the cosh after results. At 0900 BST, the FTSE 100 was down 0.1% at 7,344.42. Investors were also mulling strong results from Amazon overnight, which […]

ETHUSD hits the major demand zone as the price retraces upward. Following the rapid expansion of ETHUSD in fractals to the upside in June and July 2023, the market’s environment changed to a bearish one. The price hit the $2030.00 resistance as it marked a new major high in the premium zone. As signaled by […]