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<p>The Office of the President of the Republic of Korea is challenging the Financial Services Commission's (FSC) stance against spot Bitcoin exchange-traded funds (ETFs). The call for reconsideration comes merely a week after the FSC's cautionary statement against trading US-based spot Bitcoin ETFs, prompted by the SEC's approv

Tech Rally ContinuesAlphabet Shares in Google’s parent company Alphabet are trading higher ahead of the open on Friday. US stocks have been broadly firmer on the back of better-than-forecast labour market and consumer spending data this week. A continued fall in unemployment claims, following a strong December NFP is bolstering hopes that the US ec

TitlePotential Bearish ResistanceTypeBearish ReversalPreference:Price could rise towards the pivot point of 79.679 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 76.452 which is a multi-swing-low support level.Alter

Post-SEC Sell-Off ContinuesThe reversal lower in Bitcoin continues on Friday with the futures market now down almost 18% from YTD Highs. While many have simply written off the post-SEC reversal as mere profit taking and a ‘buy the rumour, sell the news’ mentality taking hold, there are some other dynamics at play here.Bitcoin RedemptionsGrayscale I

Pound Under PressureThe British Pound has come under fresh selling pressure today on the back of the latest UK economic data released this morning. UK retail sales were seen plunging lower last month, printing -3.2% from the prior month’s 1.4%, well below the -0.5% the market was looking for. Given that December is typically a […]

Daily Market Outlook, January 19, 2024Munnelly’s Market Minute…“China Short Sales Ban Adds To Regional Concerns”Asian stocks mainly gained momentum from the tech-driven advances on Wall Street, where sentiment was boosted by the lowest initial jobless claims since September 2022. Tech stocks were also lifted by TSMC's earnings, which drove the

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2024/01/19.01.2024-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="2024 XAU/USD Forecast: Analysis and Future Outlook for Gold Trends" style="margin-bottom: 15px;"

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_17-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis &amp; Forecast" style="margin-bottom: 15px;" decoding="async" loadi

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_15-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" style="margin-bottom: 15px;" decoding="async" loading="la