Market needs some decisions for all country and we will see red market.
Crypto banking firm Sygnum has teamed up with derivatives exchange Deribit to provide its off-exchange custody platform, Sygnum Protect, giving institutional traders a secure way to store assets while trading on Deribit.
There’s a new Bluesky app in the works from a popular developer of iOS applications. Tapbots, the company behind the popular Mastodon client Ivory, born out of its earlier efforts with Tweetbot (RIP), is readying a new app called Phoenix, designed for Bluesky’s growing social network of over 32 million users. In a post on […] © 2024 TechCrunch. All rights reserved. For personal use only.
The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt […] © 2024 TechCrunch. All rights reserved. For personal use only.
President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three automakers — General Motors, Ford, and Stellantis — with the expectation that automakers will move any offshore operations to the United States by April 2. The reprieve, which Politico first reported, […] © 2024 TechCrunch. All rights reserved. For personal use only.
Ataraxis AI has raised a $20.4 million Series A to make cancer treatment more personalized. © 2024 TechCrunch. All rights reserved. For personal use only.
While tariff talk was a driver of strength for the USD, even into late last week, that dynamic has shifted, and it seems that the driver is worry or concern about possible recession in the U.S. economy. Just last Wednesday, President Trump had a comment regarding tariffs on Europe, taking place around lunch time in New York. At the time, EUR/USD had just begun to re-test the Fibonacci level at 1.0523 again, but that comment helped to prod a pullback, and soon, a shorter-term reversal. That weakness in EUR/USD and strength in USD lasted into the end of the week, but so far this week, a very different tone has taken over. This is probably helped at least in-part by the Federal Reserve Bank of Atlanta's GDP Now stat, which suggests a contraction for GDP for Q1. This is in stark contrast to the data point less than two months ago and it highlights the dimming in data that's shown of late. This has helped to push expectations for rate cuts even higher, and that's been the dragging point for USD so far this week. Now, with weakness in the mix for the U.S., those tariff concerns are being perceived as another point of weakness and another factor that could further drive weakness into the USD. - js
OANDA:NZDUSD is approaching a key resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in. If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 0.56980 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
Trade Idea: Short USD/CHF Entry: 0.89118 Stop Loss: 0.89293 Take Profit: 0.88528 Risk-to-Reward Ratio: 3.25:1 Risk per Trade: 1,8% Analysis: OANDA:USDCHF • Technical Setup: Price is rejecting the MR50 and pivot point, showing bearish signals. Long wicks suggest a potential reversal. • Indicators: Williams %R shows overbought conditions, supporting the short setup. • Timeframe: Entering on the 50-minute chart after confirmation of price rejection or lower highs. Fundamentals: • Swiss CPI: 0.6% (actual) vs 0.5% (forecast) indicates a stronger Swiss Franc, supporting the short trade on USD/CHF. • COT Data: Positions are bearish on USD and bullish on CHF, aligning with the setup. Market Sentiment: • DXY: A bearish USD supports the downside in USD/CHF. • Overall Sentiment: Bearish sentiment towards USD in March suggests continued weakness for USD/CHF. Risk Management: • Stop Loss at 0.89313 and take profit at 0.88528, offering a 2.97:1 risk-to-reward ratio. This is a high-probability short setup with solid technical, fundamental, and sentiment alignment. Always use proper risk management. (70-75% Probability of Winning this Trade)
knowing how palladium likes to move in between the Psychological levels as shown on the chart im looking to see a right shoulder form on the 4H timeframe and show a Bearish Engulfing candle close to the downside rejecting the 1/4 level of 962.500 as shown on the chart to give me confirmation to enter my second position. Any feedback would be great cheers