Robinhood is facing fresh legal scrutiny, and this time it is coming from Florida. On Thursday, Florida Attorney General James Uthmeier announced an official investigation into Robinhood Crypto, accusing...
Robinhood is facing fresh legal scrutiny, and this time it is coming from Florida. On Thursday, Florida Attorney General James Uthmeier announced an official investigation into Robinhood Crypto, accusing the trading platform of possibly misleading users with claims that it offers the lowest-cost way to buy cryptocurrency.
The probe, launched under Florida’s Deceptive and Unfair Trade Practices Act, raises questions about the transparency of Robinhood’s pricing model and whether its “zero commission” promise obscures hidden costs.
State Alleges Misleading Marketing
“When consumers buy and sell crypto...
Wyoming and Fidelity enter the stablecoin race, intensifying competition in the digital asset market
The stablecoin sector is heating up as Wyoming and Fidelity make significant moves to solidify their positions in the rapidly growing market. Both entities are leveraging their expertise and resources...
Toncoin, the native cryptocurrency of the TON blockchain, is setting ambitious goals to reach a $10 billion market capitalization as it gains traction in the digital asset space. The surge in interest...
WTI crude oil prices have seen a modest rise, surpassing the $69.50 mark, as market concerns surrounding potential disruptions in Venezuelan oil supplies gain traction. The commodity’s recent uptick...
The EUR/USD currency pair has continued its downward trend as fears surrounding potential tariffs grow, adding significant pressure to the markets. The pair, which has already seen notable declines, is...
XRP, the native cryptocurrency of Ripple Labs, has failed to see a significant rally, even after Ripple’s decision to drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC). The...
Australia’s consumer price inflation for February has shown a slight easing, with the annual rate of increase now standing at 2.4%. This figure comes in below the market expectation of 2.5%, offering a...
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1788, just slightly above the previous day’s level of 7.1780, signaling a subtle shift in the currency market. The adjustment...
West Texas Intermediate (WTI) crude prices have surged to nearly $69.00 per barrel following a new threat from former US President Donald Trump. Trump warned that nations purchasing Venezuelan oil could...
In the latest minutes from the Bank of Japan’s (BoJ) recent policy meeting, most members expressed increased confidence that the country’s inflation could soon hit the central bank’s long-standing...
The EUR/USD exchange rate has been under pressure recently, as the euro struggles to maintain its value against the US dollar. A key factor driving this downturn is the declining sentiment among European...
Learning forex trading for beginners can seem like a huge challenge. This is partly due to the unrealistic expectations many come into the forex scene with. However, what is more, disturbing is the lack...
The Australian dollar saw increased volatility on Thursday as investors reacted to U.S. President Donald Trump’s congressional speech, which reignited uncertainty over trade policy and global economic...
The USD/INR pair edged lower on Thursday as traders positioned ahead of the Indian Purchasing Managers’ Index (PMI) data, which is expected to provide fresh insights into the country’s economic health....
The USD/JPY pair climbed past 149.50 on Thursday as traders reacted to Donald Trump’s latest remarks, sparking volatility in currency markets. Investors closely monitored the speech for any policy signals...
The New Zealand dollar held firm near 0.5650 on Thursday, supported by a stronger-than-expected China Services PMI, but uncertainty surrounding the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr’s...
The USD/CAD pair is edging closer to a key technical resistance level, with traders watching for a potential breakout above the 61.8% Fibonacci retracement near the mid-1.4500s. The pair has been gaining...
The USD/INR pair moved higher on Wednesday as investor sentiment wavered following Donald Trump’s renewed tariff proposals, which have reignited concerns over global trade tensions. The Indian rupee weakened...
The Japanese yen pared most of its intraday gains against the U.S. dollar on Thursday, as markets digested shifting risk sentiment and central bank expectations. After an initial surge, the yen lost momentum,...
The EUR/JPY pair fell below 156.50 on Thursday as rising market uncertainty drove investors toward safe-haven assets, boosting demand for the Japanese yen. A shift in risk sentiment amid geopolitical tensions...
The Australian dollar weakened against the US dollar, slipping as trade tensions resurfaced and boosted demand for safe-haven assets. With renewed concerns over a potential tariff war, investors moved...
Cryptocurrencies showed mixed performance today, with XRP and BNB leading gains among major tokens. XRP rose on optimism over Ripple’s recent regulatory developments, while BNB rebounded after a...
Ripple (XRP) has experienced a notable pullback this week, raising questions about its trajectory as market conditions fluctuate. After climbing to significant highs earlier this month, XRP’s price...
In a move that signals growing institutional interest in cryptocurrency, an Australian pension fund has disclosed a rare investment in Bitcoin futures. This unexpected decision marks a significant departure...
Bitcoin is facing a major challenge in breaking the $100,000 mark as its recent rally, fueled by former President Donald Trump’s crypto-positive comments, appears to be losing steam. Despite an initial...
Bitcoin’s price surged past $102,000, marking a new milestone as the cryptocurrency market continues its rally. The rise follows a notable move by the Trump Organization, which announced its acquisition...
French Hill, a strong advocate for cryptocurrencies, has been appointed Chairman of the influential House Financial Services Committee. Known for his progressive stance on blockchain technology, Hill’s...
Bitcoin rallied on speculation that a pro-crypto contender may lead the U.S. Commodity Futures Trading Commission (CFTC), signaling potential regulatory shifts. The cryptocurrency climbed nearly 2%, breaking...
Ripple’s XRP shows potential for a significant rally, with analysts predicting a target of $4.75 following the formation of a bullish flag on its chart. This momentum has been fueled by favorable...
Bitcoin has reclaimed the $100,000 mark following the release of the US Consumer Price Index (CPI) data for November. The latest CPI figures have provided a boost to the cryptocurrency market, reflecting...
The renomination vote for SEC Commissioner Caroline Crenshaw has been postponed, drawing significant attention from the crypto industry. Stakeholders are closely watching the voting procedures, given Crenshaw’s...
West Texas Intermediate (WTI) crude remains steady above $76.50 as the market digests the impact of new US sanctions on Russian oil exports. The sanctions, announced as part of the ongoing geopolitical...
Shares of Nvidia fell sharply after the Biden administration unveiled updated export restrictions on advanced AI chips, tightening controls on technologies deemed critical to national security. The new...
Asian markets traded mixed today after Wall Street’s struggles, driven by significant losses in Big Tech stocks, unsettled global investor sentiment. The Nasdaq saw sharp declines as disappointing...
Oil prices surged to a four-month high following sweeping US sanctions on Russian energy exports, aiming to curtail Moscow’s revenue streams amid ongoing geopolitical tensions. The sanctions, which...
Asian stock markets retreated on Monday, weighed down by heightened geopolitical concerns and rising oil prices. Key indices across the region, including Japan’s Nikkei 225 and Hong Kong’s Hang Seng, posted...
Global markets experienced a cautious downturn as stocks fell ahead of the U.S. jobs report, with investors bracing for potential insights into the Federal Reserve’s next moves. The decline reflects growing...
Asian stocks retreated as investors braced for the latest U.S. jobs data, a key indicator that could influence the Federal Reserve’s next moves on interest rates. Benchmarks across major markets...
Oil prices extended their rally on Thursday, driven by declining U.S. crude inventories that signaled tightening supply, despite lingering concerns over China’s sluggish economic recovery. West Texas...
West Texas Intermediate (WTI) crude oil held steady above $73.50 per barrel on Thursday as a stronger US Dollar counterbalanced concerns over potential supply disruptions. The greenback’s resilience,...
Oil prices steadied on Wednesday following a volatile trading session, as evidence of a tighter market tempered earlier losses. Futures for Brent crude hovered near $77 per barrel, showing resilience after...
Analysis
Market Sentiment and Strategy: EUR/USD, USD/CAD, Dow Jones
In trading, the allure of following prevailing trends—buying in bullish and selling in bearish phases—is strong. However, seasoned traders often find that unconventional strategies, like contrarian trading, which opposes dominant market sentiments, can unlock significant opportunities. This approach...
Euro FX Analysis: EUR/USD, EUR/CHF, EUR/GBP, EUR/JPY & Weekly Levels
Market Outlook and Sentiment Analysis
In the dynamic realm of currency trading, adopting contrarian strategies can unveil hidden possibilities by deviating from conventional thinking.
IG client sentiment provides valuable insights into the market’s sentiment, especially when analyzing the Euro...
US Dollar Market Analysis: Insights on EUR/USD and GBP/USD Recovery, USD/JPY Stability
The US dollar experienced a minor decline on Monday, though the drop was minimal, likely restrained by a rise in U.S. Treasury yields. Investors took profits following the dollar’s robust performance the previous week. Additionally, many chose not to take significant positions ahead of anticipated...
British Pound Trading Analysis: GBP/USD, EUR/GBP, GBP/JPY
Trading often resembles a game of follow-the-leader, with participants reacting to market movements by following established trends. However, experienced traders leverage contrarian strategies, which can uncover significant opportunities by opposing mainstream market sentiment.
IG client sentiment...
EUR/CHF Sentiment Analysis
EUR/CHF Trader Positions
Source: DailyFX
Retail Sentiment Overview
Currently, 49.76% of traders hold a net-long position in EUR/CHF, resulting in a nearly balanced short to long ratio of 1.01 to 1. Since April 11, 2024, when EUR/CHF was near 0.98, traders have shifted to a net-short stance. Despite...
EUR/USD remains range-bound as markets brace for key U.S. jobs data
The EUR/USD pair traded in a narrow range, with investors staying cautious ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report due on Friday. The muted price action reflects market uncertainty, as traders assess how the jobs data could influence Federal Reserve policy and broader currency...
Australian dollar holds firm as trade surplus meets expectations
The Australian dollar remained stable after the country’s latest trade balance data showed a stronger-than-expected surplus of 5.62 billion AUD in January, slightly above market forecasts. The currency’s muted reaction suggests that traders had already priced in steady export performance, with little...
Euro surges against dollar as investors anticipate trade policy shift
The euro made significant gains against the U.S. dollar, driven by growing expectations that trade policies could see a shift in the coming months. Investors reacted to signals that tariff adjustments may be on the horizon, fueling optimism in currency markets and prompting a surge in EUR/USD trading...
USD/JPY forecast: Bullish trend persists in low-volume Boxing Day trading
The USD/JPY pair maintained its upward trajectory during subdued Boxing Day trading, with bulls capitalizing on lighter market volumes. The pair hovered near recent highs as traders remained cautious amid...
Stock market rally mirrors Santa's reindeer: Low trading volume, high volatility, and algorithmic boosts
U.S. stocks surged in a late-session rally, defying thin trading volumes as algorithms added momentum to a pre-holiday boost. The S&P 500 climbed 1.3%, the Dow Jones Industrial Average gained 0.8%,...
Key levels to monitor: Is Bitcoin doing the job as its peaked at ₹1,08,367?
Bitcoin’s recent surge to ₹1,08,367 has sparked debates about whether the cryptocurrency has hit a ceiling or is poised for further gains. The digital asset, which has gained momentum alongside broader...
1 top cryptocurrency to buy before it soars 1,500%, according to Cathie Wood
Cathie Wood, the renowned founder of ARK Invest, has spotlighted Bitcoin as a high-potential investment with the potential to surge by 1,500%. Wood’s optimism stems from the increasing institutional adoption...
Technical View: GBP/USD maintains support above 1.25 with limited bullish momentum
The GBPUSD pair remains above the 1.25 level, signaling a tentative show of strength despite lingering concerns over its weak bullish momentum. Traders are eyeing upcoming economic data and central bank...
Bitcoin Price Outlook: BTC faces additional downward pressure as whale activity hits two-year peak
Bitcoin’s price remains under pressure as large-scale transactions by crypto whales have surged to their highest level in two years. These movements, often viewed as precursors to market volatility,...
EUR/USD Outlook: Bearish pressure persists in thin holiday trading conditions
The EUR/USD pair continues to face downward pressure as the market remains subdued during the holiday season. Limited trading volumes have left the pair vulnerable to modest fluctuations, with sentiment...
Toll Brothers (TOL) anticipates market pullback before potential rally
Toll Brothers (TOL), a leading luxury homebuilder, appears poised for a tactical rally despite a recent pullback in its stock performance. The dip comes as market participants weigh ongoing economic uncertainties,...
Why cryptocurrencies Bitcoin, Dogecoin, and XRP are stumbling today
The cryptocurrency market faced a downturn today, with Bitcoin dropping below $34,000 and Dogecoin shedding over 5% of its value. Investors are growing cautious amid broader macroeconomic uncertainties,...
Ethereum Price Outlook: ETH faces risk of falling to $3,000 as investors lock in gains and losses
Ethereum’s recent market movements signal a potential decline toward the $3,000 mark as investors begin locking in profits. The cryptocurrency, which has seen a notable price rally, is now facing selling...
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