Retracement vs. Reversal: Understanding the Key Differences in Technical Analysis
When it comes to technical analysis in trading, one of the most important skills is knowing how to differentiate between a retracement and a reversal.…
Day: October 9, 2024
Google Faces Possible Breakup: DOJ Pushes to Restore Competition in Big Tech
In a pivotal moment for the tech industry, Google’s parent company Alphabet (GOOGL) is staring at the possibility of a breakup as the U.S. Department…
USD/JPY Nears Two-Month High: Why Yen Traders Are Cautious Going Long
The USD/JPY pair has recently neared a two-month high, reflecting the strength of the U.S. dollar and the weakness of the Japanese yen. This movement…
Stablecoins Reach New Heights in the Crypto Market: USDT Leads with Record Growth
As the crypto market continues to evolve, stablecoins have emerged as a critical component of the ecosystem, offering traders and investors a reliable store of…
Understanding Support and Resistance Flips in Trading: A Key to Mastering Market Movements
When it comes to technical analysis in trading, the concepts of support and resistance are fundamental. However, the idea of a support/resistance flip (also known…
Super Micro Stock Soars 16%: What’s Driving the AI Server Maker’s Comeback?
Super Micro Computer (SMCI), a leading provider of high-performance computing and storage solutions, saw its stock soar by 16% following an announcement that it posted…
GBP/USD Extends Drop to Fifth Day: What’s Driving the Sterling’s Decline and What Traders Should Expect
The GBP/USD pair has extended its losing streak, slipping under the 1.31 level for the fifth consecutive day. This ongoing decline in the value of…
Canary Capital Files for Spot XRP Exchange-Traded Fund (ETF): What It Means for the Crypto Market
In a groundbreaking move, Canary Capital has filed for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). If approved,…