The Crypto Industry Scored Another Victory Against the SEC, Helping Bitcoin
A US court ruled against the SEC decision to reject Grayscale’s filing for a Bitcoin ETF on Tuesday, which boosted BTC/USD, but trades with caution today
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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A US court ruled against the SEC decision to reject Grayscale’s filing for a Bitcoin ETF on Tuesday, which boosted BTC/USD, but trades with caution today
The pair tries to stop its six-week losing streak and defend the 200 Days EMA, but key upcoming data points can determine the next leg of the move
The pair maintains its upside bias around the September 2022 interventions levels, after the Jackson Hole symposium speeches, awaiting key US economic data later in the week
Fed Chair Powell kept the door open to more hikes on Friday, but the tech heavy index shows resilience to the hawkish messaging, helped by Nvidia’s AI-Powered blockbuster results
Chinese stock markets jumped after authorities announced measures to boost capital markets, including a cut in the stamp duty on stock trades
It has been a bad week for US sports retailers Dick’s Sporting Goods & Foot Locker, as their disappointing quarterly results caused their stocks to slump and also weighed on the stock of sneaker giant Nike
The commodity continues the pullback from its 2023 highs on China and Fed woes, but holds crucial technical levels
Watch today’s US Open for insights on the blowout results of AI pioneer Nvidia, poor EZ &UK PMIs and monetary policy outlook ahead of the Fed’s Jackson Hole Symposium
The pair is subdued today as markets await Friday’s speeches by Fed’s Powell and ECB’s Lagarde at Jackson Hole Symposium, amidst uncertain monetary policy outlook
The chip designer continues to reap the benefits of the Artificial Intelligence boom, as shown by Wednesday’s quarterly report, which revealed record revenues due to AI demand
The pair hit new 2023 lows after poor preliminary PMIs from Europe, but the subsequent UK prints sent it higher, as markets contemplate their impact on monetary policy outlook
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