was not triggered, as there was no bullish price action at the support. Today’s BTC/USD SignalsRisk 0.50% per trade.Trades may only be taken before 5pm Tokyo time Friday.(Click on image to enlarge) Long Trade Ideas Long entry after a bullish price action reversal on the H1 timeframe following the next touch of $96,165, $94,510, $93,010. Place the stop loss $100 below the local swing low. Adjust the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride.  Short Trade Ideas Short entry after a bearish price action reversal on the H1 timeframe following the next touch of $98,739, $100,306, or $100,806. Place the stop loss $100 above the local swing high. Adjust the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a , a , an outside or even just an  with a higher close. You can exploit these levels or zones by watching the  that occurs at the given levels. BTC/USD AnalysisI wrote in my previous  on 3rd February that we were seeing a strong rebound after a very sharp fall, but I thought that bulls would struggle to push the price above $95,560, so I was looking for a short trade there or even from […]

Image Source:   At the end of Wednesday, the Dow Jones Index (US30) rose by 0.71%. The S&P 500 Index (US500) was up 0.39%. The Nasdaq Technology Index (US100) was up 0.42%. The US stock indices rebounded from early losses on Wednesday, helped by a sharp decline in long-dated Treasury yields as markets priced in a series of mixed earnings releases and economic data. Shares of Broadcom and Nvidia soared 6% and 4.5%, respectively, setting a strong pace for chip makers. Defensive stocks also performed well, with banks, healthcare and consumer staples rising after a weaker-than-expected ISM Services PMI strengthened bets on multiple Fed rate cuts this year. On the other hand, the ADP report showed that the private sector added more jobs than expected, underscoring the resilience of the labor market. For its part, Alphabet shares fell by 7.5% after the company missed cloud revenue expectations and announced higher-than-expected spending plans for AI. In addition, AMD fell more than 10% due to lower data center revenue and Uber fell 7% after weak first-quarter guidance.The Mexican peso weakened to 20.58 per US dollar amid lingering concerns over US tariffs and heightened expectations of a dovish Banxico stance in response to disappointing data on the country’s economy. Meanwhile, Mexico’s manufacturing PMI fell to 49.1 in January, the steepest decline in factory activity in three months, with low Business Confidence indicating a slowdown in the economy. Weak data continues to weigh on the peso, while downward revisions to growth and inflation expectations reinforce […]

Egg prices in the United States have surged by 50% over the past 12 months, creating a windfall for two major egg producers—Vital Farms and Cal-Maine Foods.While rising food costs have squeezed consumers, investors in these companies have seen remarkable returns, with both stocks outperforming even the biggest names in tech.Shares of Vital Farms have skyrocketed by 154% in the past year, while Cal-Maine Foods has gained 90%, far exceeding the 20.9% rise of the S&P 500 and even surpassing the 52.4% gain of the Roundhill Magnificent Seven ETF, which tracks the top-performing tech stocks.The spike in egg prices, caused by bird flu outbreaks and increased consumer demand, has fueled these gains.According to the Bureau of Labor Statistics, the average price of a dozen eggs hit $5.29 in January, up more than 50% from the previous year. Vital Farms (VITL) emerges as the big winnerVital Farms, known for its free-range egg production, has been a standout performer.The company’s revenues soared 31% year-over-year to $145 million in the most recent quarter, in line with analyst expectations.The strong performance has led to a nearly tenfold increase in profits for 2023, and analysts forecast a further 90% jump in 2024.Russell Diez-Canseco, President and CEO of Vital Farms, emphasized the company’s rapid expansion.“Our sales momentum from the first half of the year carried into the third quarter of 2024, and we posted another strong topline result with net revenue of $145 million, a 31.3% growth versus the same period last year,” he said.The company is […]

Image Source:   Bond yields have fallen sharply over the past two weeks, having now roundtripped the past two FOMC meetings, going all the way back to where they’d been before the “hawkish rate cut” in December. The latest data on the services economy go a long way to explaining why, with signs of one-offs and non-economic artificial factors more and more coming out of it.Video Length: 00:19:25

EUR/USD corrects to near 1.0360 in Thursday’s European session. The major currency pair drops as the US Dollar (USD) gains ground after a sharp downside move in the last three trading days. The US  (DXY), which tracks the Greenback’s value against six major currencies, rebounds to near 108.00 from the weekly low of 107.30. The recovery in the US Dollar appears to be the result of investors’ caution ahead of the January  (NFP) data, which will be released on Friday. The upbeat ADP Employment Change data for January has set a positive tone for the official employment data. ADP reported on Wednesday that the private sector added 183K workers last month, significantly higher than estimates of 150K and the prior release of 176 K.Investors will pay close attention to Friday’s US employment data as it will influence market speculation for how long the Federal Reserve (Fed) will keep interest  steady in the current range of 4.25%-4.50%. Last week, Fed Chair  said that the central bank would make monetary policy adjustments only after seeing “real progress in inflation or at least some weakness in the labor market”.Meanwhile, Fed officials are uncertain about the monetary policy outlook as they struggle to predict the impact of US President Donald Trump’s economic agenda. On Wednesday, Chicago Fed Bank President Austan Goolsbee said, “If we see inflation rising or progress stalling in 2025, the Fed will be in the difficult position of trying to figure out if the inflation is coming from overheating or if it’s coming from tariffs.” Daily digest […]