Technical Analysis

According to the latest report, the Financial Stability Oversight Council (FSOC) is no longer opposed to cryptocurrencies and other digital assets, which were previously considered a threat to national security. The cryptocurrency sector has been removed from the annual list of financial risks for the US system compiled by FSOC. Established in the aftermath of
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Adobe reports earnings next Wednesday, with expectations calling for EPS of $5.39 on $6.11 billion in revenue. That compares with $4.81 and $5.61 billion a year ago—an increase of 12% in EPS and 8.9% in revenue. Those are solid year-over-year gains, especially given the stock’s performance this year. Shares jumped 5.67% today (up $18.64 to
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S&P 500 and Nasdaq rise on expectations of Fed rate cut Yesterday, stock indices closed higher. The S&P 500 rose by 0.30%, while the Nasdaq 100 added 0.17%. The Dow Jones Industrial Average strengthened by 0.86%. On Thursday, Japanese assets were in focus in the Asian markets. The country’s indices led after data from the
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Bitcoin is trading around $91,537, consolidating in this area and showing signs of exhaustion, which means that a technical correction is likely to occur in the coming days. Bitcoin has encountered strong resistance around $92,500. If it continues its rise, it is likely to reach Murray’s 3/8. This area represents strong resistance around $93,750. If
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Hour by hour, the situation grows more complicated. First, Donald Trump was raising tariffs; now the current US president is cutting them. Seeking to slow inflation, the White House plans to reduce import duties on food products from several Latin American countries. How should the US dollar react? If it has been falling since Independence
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A private survey data from the American Petroleum Institute (API) showed a headline crude-oil inventory build that came in “less than expected,” according to Eamonn Sheridan. While expectations had been for a +2 million-barrel rise in crude, the API surveyed data implied a smaller build. The official government report from the U.S. Energy Information Administration
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Bitcoin, Ethereum, and other cryptocurrencies are showing promising growth potential amid renewed optimism stemming from news that the US government shutdown may come to an end soon. Traders are likely viewing the potential conclusion of the shutdown as a sign of stabilization, albeit temporary, which reduces risks for the US economy. Additionally, the prolonged uncertainty
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