Mitrade Logo
EN
    Gold2634.36
     +0.88%
    2634.36
    EUR/USD1.05559
     -0.40%
    1.05559
    WTI68.751
     -0.31%
    68.751
    USD/JPY153.816
     -0.54%
    153.816
    NAS10020518.5
     -0.24%
    20518.5
    AUD/USD0.64946
     -0.19%
    0.64946
    Brent72.76
     -0.12%
    72.76
    Bitcoin91625.00
     +0.40%
    91625.00
    Silver31.357
     +0.65%
    31.357

    Popular Articles

    Bitcoin Hashrate Falls Off, Miners Expecting Pause In Bull Run?
    1732014059
    Nvidia Stock Investors Got Great News From Elon Musk
    1732014000
    Occidental Petroleum Has Achieved 90% of This Crucial Goal. Time to Buy the Oil Stock?
    1732013160

    Popular Articles

    CAD: October CPI figures will be important – ING
    1732011322
    EUR: Brief reprieve after some hawkish comments – ING
    1732010931
    Trump to continue weighing on the Euro – Commerzbank
    1732010594

    Popular Articles

    Silver price today: Silver rises, according to FXStreet data
    1732008615
    India Gold price today: Gold rises, according to FXStreet data
    1731991048
    Silver Price Forecast: XAG/USD rises to near $31.50 amid softer US Dollar
    1731987459

    Popular Articles

    Nvidia Stock Investors Got Great News From Elon Musk
    1732014000
    Occidental Petroleum Has Achieved 90% of This Crucial Goal. Time to Buy the Oil Stock?
    1732013160
    Should You Buy Alibaba Stock on the Dip?
    1732013100

    Popular Articles

    USD: Some well deserved consolidation – ING
    1732009040
    DXY: Corrective pullback – OCBC
    1732006048
    Dow Jones Industrial Average holds near familiar levels on tepid Monday
    1731952988

    Popular Articles

    Bitcoin Hashrate Falls Off, Miners Expecting Pause In Bull Run?
    1732014059
    Russian government greenlights crypto transactions tax law amendments
    1732011908
    Ai16z to Launch AICombinator With $5 Million Fund
    1732011425

    Popular Articles

    USD/CNH: Unlikely to reach the strong support at 7.2000 – UOB Group
    1732009266
    FX option expiries for Nov 19 NY cut
    1731988066
    USD/CNH: Likely to trade in a range of 7.2250/7.2500 – UOB Group
    1731927950

    Popular Articles

    ECB’s Panetta: Still a long way from the neutral rate
    1732012960
    BoE’s Mann: Forward-looking price, wage indicators raise risk of inflation persistence.
    1732012117
    HUF: How hawkish can the NBH be? – ING
    1732012037

    Popular Analysis

    Bitcoin Still Has Room To Rise, Quant Explains Why
    1732011386
    Walmart Q3 Earnings Preview: Can Ad Revenue Maintain Strong Growth?
    1732010610
    Billionaire Stanley Druckenmiller Just Sold All of His Nvidia Shares and Bought This Rapidly Growing Artificial Intelligence Stock-Split Stock
    1732008407

    Popular Analysis

    Here Are the Latest Speeches From Fed Officials
    1731665697
    Federal Reserve Chair Jerome Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
    1731653377
    RBA Governor Bullock says rates high enough, focus on inflation
    1731566958

    Popular Analysis

    AUD/USD Price Forecast: Holds position around 0.6500, next barrier appears at nine-day EMA
    1732008328
    EUR/USD hovers around 1.0600 with a positive bias as US Dollar faces profit-taking selling
    1731999104
    GBP/USD Price Forecast: Attempts to recover from 1.2600 as it enters oversold zone
    1731912883

    Popular Analysis

    Gold price climbs to one-week top on softer US bond yields, geopolitical tensions
    1731999523
    JPMorgan's quants see upside for gold prices from here after Trump win
    1731653111
    Gold price drops to nearly two-month low, seems vulnerable near $2,560 area
    1731567546

    Popular Analysis

    Walmart Q3 Earnings Preview: Can Ad Revenue Maintain Strong Growth?
    1732010610
    Billionaire Stanley Druckenmiller Just Sold All of His Nvidia Shares and Bought This Rapidly Growing Artificial Intelligence Stock-Split Stock
    1732008407
    NVIDIA’s Upcoming Earnings: What Should Investors Focus On?
    1732005513

    Popular Analysis

    Bitcoin Still Has Room To Rise, Quant Explains Why
    1732011386
    MicroStrategy Announces $1.75 Billion Private Note Sale to Buy More Bitcoin
    1731999395
    Bitcoin Open Interest Sets Another Record: Wild Week Ahead?
    1731999293

    Top Blog Posts

    What is Starknet (STRK)? Value of Starknet Coin and Project Development
    1728616028
    What Is A Cold Wallet? 03 Popular Crypto Cold Wallet For 2024
    1717727749
    EUR/USD Forecast In 2024/2025/2026: Which EUR Pairs Should I Buy?
    1717125980

    Top Blog Posts

    EUR/USD Forecast In 2024/2025/2026: Which EUR Pairs Should I Buy?
    1717125980
    Australian Dollar Forecast In 2024/2025/2026: Should I Buy AUD/USD Or Other AUD Currency Pairs?
    1715223496
    Japanese Yen Analysis & Forecast In 2024/2025/2026: Should I Buy USD/JPY Or Other JPY Currency Pairs?
    1714285760

    Top Blog Posts

    What Is Platinum? Is the Platinum Price Higher Than The Gold Price?
    1717041659
    Gold price forecast 2024/2025/2026: How to analyze the gold price trend?
    1716880773
    Types of gold: How to build a gold investment plan
    1709539884

    Top Blog Posts

    What Is A Stock Dividend? Top 20 High-Dividend Stocks List For 2024
    1716519417
    How To Buy Nvidia Stocks (NASDAQ: NVDA)? Are Nvidia Stocks Worth Investing In During 2024?
    1716344842
    A List of 10 Best Semiconductor Stocks (Chip Stocks) 2024
    1715410942

    Top Blog Posts

    How To Trade Indices? Index Trading Beginner's Guide for 2023
    1698718035
    What Is the NASDAQ 100 (NAS100) Index? How Do You Trade It?
    1695190967
    Top 10 Best Brokers for Indices Trading
    1684908360

    Top Blog Posts

    What is Starknet (STRK)? Value of Starknet Coin and Project Development
    1728616028
    What Is A Cold Wallet? 03 Popular Crypto Cold Wallet For 2024
    1717727749
    Top 10 Bitcoin Mining Apps for Android & iOS During 2024
    1716951625

    Top Blog Posts

    Where to invest money in 2024? Best companies to invest in the Philippines
    1708931671
    50 Motivational Trading & Investment Quotes Ever For Traders
    1678861355
    7 Powerful Forex Trading Strategies/Tips for Consistent Profits
    1678685571

    Beginners

    Long position VS. short position: Which one is better?
    In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
    How to Choose an Online Trading Platform
    Selecting a trading platform is one of the most critical decisions for any trader. But how do you ensure you're choosing one that's regulated, cost-effective, and easy to use? Understanding the key criteria can set you up for success.
    What is Leverage in Financial Trading?
    Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
    Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine
    InsightsNewsIndices

    DXY: Corrective pullback – OCBC

    Source Fxstreet

    The US Dollar (USD) eased overnight in line with our earlier caution for risks of technical pullback. DXY was last at 106.26 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

    Near term risks remain skewed lower

    “Bullish momentum on daily chart eased while rise fell from near overbought conditions. Potential bearish divergence may be forming on daily MACD. Near term risks remain skewed towards a technical retracement lower. Support at 105.60 (76.4% fibo) and 104.50/60 levels (21DMA, 61.8% fibo retracement of 2023 high to 2024 low). Resistance at 107, 107.40 (2023 high).”

    “Near term, economic calendar is quiet for US. Prelim PMIs, Uni of Michigan sentiment data are out on Fri before core PCE (next Wed). Softer print can add to USD correction while a firmer print should see USD dips finding support. Elsewhere, markets may also pay attention to Trump nomination, with special focus on who takes the Treasury.”

    Disclaimer: For information purposes only. Past performance is not indicative of future results.

    Recommended Articles

    placeholder
    Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
    Author  FXStreet
    Jul 01, Mon
    Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
    placeholder
    Rivian stock rises despite revenue miss in Q3Electric vehicle maker Rivian Automotive (NASDAQ:RIVN) saw its stock rise 3% despite reporting third quarter revenue that fell short of analyst expectations.
    Author  Investing.com
    Nov 08, Fri
    Electric vehicle maker Rivian Automotive (NASDAQ:RIVN) saw its stock rise 3% despite reporting third quarter revenue that fell short of analyst expectations.
    placeholder
    Is It Too Late to Buy MicroStrategy Stock?Bitcoin is soaring again. The cryptocurrency's price recently passed $90,000 to a new all-time high. It's up by close to 1,000% in the last five years. That has to make MicroStrategy (NASDAQ: MSTR) and its ex-CEO, Michael Saylor, happy.
    Author  The Motley Fool
    Yesterday 06: 57
    Bitcoin is soaring again. The cryptocurrency's price recently passed $90,000 to a new all-time high. It's up by close to 1,000% in the last five years. That has to make MicroStrategy (NASDAQ: MSTR) and its ex-CEO, Michael Saylor, happy.
    placeholder
    Microstrategy outperforms Warren Buffet’s Berkshire Hathaway by the largest margin since the dot-com bubbleMichael Saylor’s Microstrategy is outperforming Warren Buffet’s Berkshire Hathaway by the largest margin. The software company has surged by 2,295.74% since August, when it first bought its Bitcoin holdings, while Berkshire Hathaway has surged by 36.02% in the same duration.
    Author  Cryptopolitan
    Yesterday 07: 03
    Michael Saylor’s Microstrategy is outperforming Warren Buffet’s Berkshire Hathaway by the largest margin. The software company has surged by 2,295.74% since August, when it first bought its Bitcoin holdings, while Berkshire Hathaway has surged by 36.02% in the same duration.
    placeholder
    Weekly Market Outlook: NVIDIA, Walmart Earnings; Key Signals from ECB’s LagardeInsights – This week, Bank of Japan Governor Kazuo Ueda mentioned Japan’s moderate economic recovery and hinted at further rate hikes if trends align with expectations.
    Author  Mitrade
    Yesterday 09: 31
    Insights – This week, Bank of Japan Governor Kazuo Ueda mentioned Japan’s moderate economic recovery and hinted at further rate hikes if trends align with expectations.
    Related Instrument
    symbol
    0.00
    0.00 (0.00%)
    Trade
    goTop
    quote