Introduction The Monte Carlo method is one of the gambling system betting techniques, and it is a “casino strategy” that has a legend that it destroyed a land-based casino in Monte Carlo, Monaco. The Monte Carlo method allows you to raise or lower the bet amount according to the set rules and conditions, so that […]
Bitcoin (BTC), Ethereum (ETH) – Prices, Charts, and Analysis: BTC/USD – A break above short-term resistance may lead to a longer-term move higher. Ethereum – The technical setup is looking increasingly positive. Recommended by Nick Cawley Get Your Free Bitcoin Forecast Bitcoin has been treading water for the last three weeks with little to suggest […]
Deputy Treasury Secretary Adeyemo speaking US Deputy Treasury Secretary Adeyemo speaking on CNBC says: US Manufacturers, distributors to step up compliance with Russia sanctions. US CEOs need to pay more attention to supply chain. US banks, CEOs are not complicit with Russia’s evasion of sanctions over Ukraine. Without China, Russia’s military supply chain would ground […]
By Harry Robertson LONDON (Reuters) -The dollar bounced on Tuesday after falling to its lowest against the euro, sterling and Swiss franc since mid-March overnight as signs of a softening U.S. economy boosted the case for earlier Federal Reserve interest rate cuts. Yet the yen powered 0.6% higher for a second day of solid gains […]
Silver price dives below $30 as the US Dollar recovers amid caution ahead of US NFP data. Market speculation for the Fed reducing interest rates in September improves. Silver price weakens after a Double Top breakdown. Silver price (XAG/USD) declines below the psychological support of $30.00 in Tuesday’s European session. The white metal weakens as […]
Investing.com – The U.S. dollar edged higher in early European trade Tuesday, rebounding after steep overnight losses, while the euro slipped lower after weak German employment data. At 04:45 ET (08:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.165, after earlier dipping below 104 […]
Japanese Yen Prices, Charts, and Analysis US ISM PMI highlights weak manufacturing activity Japan spent over $62 billion propping up the Japanese Yen. Recommended by Nick Cawley Get Your Free JPY Forecast The latest Institute for Supply Management (ISM) data released yesterday reveals that manufacturing activity in the United States continues to contract for the […]
Investing.com– Most Asian currencies kept to a tight range on Tuesday, while the dollar hovered near two-month lows as weak economic readings fed expectations of eventual interest rate cuts by the Federal Reserve. But traders still remained wary of risk-driven Asian markets, with key U.S. labor data, due this week, set to offer more cues […]
Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Kent will appear before the Australian parliament on Wednesday, 5 June 2024 before the Senate Economics Legislation Committee at 9am Sydney time this is 2300 GMT and 1900 US Eastern time Bullock and Kent will speak on both the economy and policy. The Reserve […]
WTI price lost ground as OPEC+ intends to phase out production cuts of 2.2 million barrels per day over 2025. The US is purchasing an additional 3 million barrels of Oil for the country’s Strategic Petroleum Reserve. Oil prices may struggle further due to the expectations of the Fed maintaining higher rates for longer. West Texas […]
The Dow Jones Transportation Average (.DJT) is down about 5% this year, in stark contrast to the S&P 500’s (.SPX) 9% year-to-date gain and the Dow Jones Industrial Average’s (.DJI) 1% gain, which topped 40,000 for the first time this month. While major indexes like the S&P 500, Nasdaq Composite (.IXIC), and Dow have all […]
Euro (EUR/USD, EUR/CHF) News and Analysis Recommended by Richard Snow Trading Forex News: The Strategy Euro Positioning, Cooler US Inflation and Rate Expectations in Focus At this point, anything other than a 25 bps cut from the ECB will be a massive surprise as multiple committee members have expressed their preference for such a move. […]
