Recent content by SOLID ECN LLC

Bitcoin Dips Below Key $61.9K Level Solid ECN – Bitcoin dipped below $61,896 in today's trading session. The technical indicators are bearish, with the RSI hovering below 50 and the Awesome Oscillator bars in red. From a technical standpoint, the downtrend momentum that started earlier this...

EURUSD Bearish Outlook Solid ECN – As of the latest trading session, the Euro continues to decline, trading at approximately 1.07 against the U.S. dollar, notably below the 38.2% Fibonacci retracement level. The current technical indicators support the bearish outlook; the Awesome Oscillator...

USDJPY: Yen Holds Steady Amid BOJ Inflation Warnings Solid ECN – The Japanese yen has shown relative stability, holding at about 155.6 per dollar following the release of the Bank of Japan's (BOJ) April policy meeting summary. During the meeting, the board highlighted potential inflation risks...

NZDUSD: Fed Officials Hint at Prolonged Rates Solid ECN – The New Zealand dollar (NZD) has shown a minor decline to $0.59, influenced by a slight rise in the US dollar. This movement comes as traders anticipate crucial US economic data that might hint at the Federal Reserve's timing for...

BTC Bulls Eye Higher Targets Despite Price Dip Solid ECN – Bitcoin broke out of the descending trendline (in blue), but the bulls failed to stabilize the price above the EMA 50 and the middle line of the Bollinger Band. Consequently, the pair formed a long-wick bearish candle on the daily...

Economic Indicators Show Growth and Stability in Mexico Solid ECN – The Mexican peso has rallied to approximately 16.8 per USD, marking a significant rebound from its five-month trough of 17.2 on April 25th. This upturn is primarily attributed to a widespread weakening of the U.S. dollar...

Canadian Dollar Climbs as US Jobs Disappoint Solid ECN – The Canadian dollar peaked at 1.36 per USD, marking its strongest position since April 9th. This surge comes as the U.S. dollar experiences widespread weakness triggered by disappointing labor market data. The U.S. economy added...

Silver Prices Bounce Back Solid ECN – Silver prices have risen above $27 per ounce after a dip to one-month lows near $26.3 last week. This rebound aligns with other precious metals and reflects investor anticipation of a possible interest rate cut by the Federal Reserve in September. The...

Oil Prices Stabilize Amid Geopolitical Tensions Solid ECN – WTI crude futures remained steady, trading at approximately $77 per barrel as of Tuesday. This stability comes despite the market being close to its nearly two-month low of $78.1, recorded on May 3rd. The current price balances...

USDMXN - Banxico Rate Decision Looms Solid ECN—The Mexican peso has shown remarkable resilience. It is trading at approximately 16.8 per USD, a significant recovery from its five-month low of 17.2 recorded on April 25th. This improvement is largely due to a weakened U.S. dollar, spurred by...

USDCAD - Canadian Dollar Surge Solid ECN – The Canadian dollar recently hit a high of 1.36 USD, marking its strongest position since early April. This rise comes amid a widespread weakening of the U.S. dollar, driven by disappointing labor statistics from the U.S. The data showed only 175,000...

NZ Dollar Dips Amid US Stability Solid ECN – The New Zealand dollar recently fell to $0.6 against a stabilizing US dollar. This shift came as fresh economic indicators suggested a potential cut in US interest rates later this year. Concurrently, the Kiwi mirrored the Australian dollar's...

Gold Prices Rise Amid Fed Speculations Solid ECN – Gold prices climbed to $2,310 per ounce on Monday, rebounding from a near one-month low. This surge is influenced by anticipation of upcoming remarks from Federal Reserve officials, which traders are eyeing for hints about potential interest...

Oil Prices Rebound on Supply Cuts Solid ECN—WTI crude oil futures rose above $78.5 per barrel on Monday, rebounding from a near two-month low of $78.1. This uptick is attributed to new developments suggesting a decrease in supply. Notably, Saudi Aramco increased the official selling price of...

Pound Hits $1.26 as U.S. Jobs Disappoint Solid ECN – The British pound has risen to its highest value since early April, reaching $1.26, as U.S. employment data fell below expectations, prompting a shift in interest rate forecasts for 2024. This surge comes as traders adjust their expectations...