Forex News

The NASDAQ Composite Index has broken back above the 200-day moving average (green line on the chart at 18,320.79) and 100-day moving average (blue line at 18,476.49) —a technical development that marks a shift in the medium-term trend. These MA levels were broken for the last time (to the downside) on March 6 and had not traded above since that day. The price gapped above the MAs today off of […]

KindlyMD, a healthcare services company, has entered into a merger agreement with Nakamoto Holdings, a Bitcoin-focused holding company. The combined entity will adopt a Bitcoin treasury strategy.Nakamoto was recently founded by David Bailey, a crypto adviser to US President Donald Trump. The company plans to create a network of firms holding Bitcoin reserves. Its broader aim is to support […]

Sector OverviewToday's market is buzzing with positivity, driven by standout performances in the technology and consumer cyclical sectors. The technology sector is seeing remarkable gains, spearheaded by industry giants Apple (AAPL) and Microsoft (MSFT). Meanwhile, the consumer cyclical sector is thriving, with Amazon (AMZN) leading the charge.Technology Advances: Apple, with an impressive […]

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The AUDUSD attempted a move higher and outside a swing area with a high at 0.64419. However, once again the high price stalled at the 200-day moving average, located near 0.6458, turning buyers into sellers. The price stalled near that MA on Thursday of last week (the price moved briefly above that level but quickly reversed). The rejection at this key level has pushed the pair back below the […]