Florence_scalping

Florence_scalping

The pressure on prices has somewhat decreased as OANDA:EURUSD dropped below the 89-period moving average (PMA) on the 240-minute chart. However, the currency pair is still on an upward trend since early June, near the 200-PMA on the 4-hour chart. To further alleviate the upward pressure, EUR/USD needs to drop below the mid-July low of 1.0825. On the upside,...

Florence_scalping

The cryptocurrency market saw consolidation on Tuesday, with BTC holding at $29,200 and DOGE trading up over 10% after Elon Musk added the DOGE symbol (Ð) to his profile. Stocks soared ahead of the FOMC meeting in July, with expectations of a 25 basis point interest rate hike by the Federal Reserve. The market has priced in the upcoming announcement, but any...

Florence_scalping

The price of cryptocurrency traded in the red on Monday ahead of a busy week with anticipated income reports and interest rate announcements from the Federal Reserve on Wednesday. Stocks rose as investors prepared for income updates from over 150 companies in the S&P 500, with the Dow index seeing its 11th consecutive day of gains to lead the major indexes. At...

Florence_scalping

The focus now is on whether there will be additional measures for the struggling real estate sector to address demand and infrastructure. China is Australia's largest two-way trading partner for goods and services. Any improvement in China's growth prospects is a positive signal for the OANDA:AUDUSD . Meanwhile, Wednesday's data is expected to show that...