ForexLive European FX news wrap: Dollar, stocks down awaiting US GDP data 0 (0)

Headlines:

Markets:

  • AUD leads, JPY lags on the day
  • European equities lower; S&P 500 futures down 0.6%
  • US 10-year yields down 0.4 bps to 4.650%
  • Gold up 0.6% to $2,329.53
  • WTI crude up 0.1% to $82.22
  • Bitcoin down 0.1% to $63,955

There wasn’t too much action in European trading today as the market moves were rather straightforward during the session.

The dollar is seen down slightly ahead of the US Q1 advance GDP data coming up later. The greenback is lagging across the board, as we get close to some key technical levels on the charts.

Of note, GBP/USD is up to a two-week high above 1.2500 but faces up against its 38.2 Fib retracement level at 1.2526. Meanwhile, AUD/USD is also running up against its 200-day moving average at 0.6526 on the day. Besides that, EUR/USD is up 0.2% to 1.0720 while USD/CAD is down 0.2% to 1.3670 currently.

As for USD/JPY, it continues to hold above the 155.00 mark and hovering around 155.50-70 mostly during the session.

In the equities space, Meta’s earnings disappointment is reverberating and spooking investors. It’s dragging down tech shares but also weighing on broader sentiment as well. European stocks are mostly down as such while S&P 500 futures are lower by 0.6%.

It’s now over to the slew of US data later and how traders will take to that, putting everything into the mix on the Fed outlook again.

This article was written by Justin Low at www.forexlive.com.

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Dow Jones Technical Analysis 0 (0)

Yesterday,
the Dow Jones ended the day negative as the relief rally reached some key
resistance levels. The first part of the week has been pretty empty on the data
front, and we hadn’t any Fedspeak due to the blackout period. This has led to a
relief rally which was exacerbated by weaker US PMIs as the
market interpreted them as good news for inflation, although there were some
worrying commentary on the labour market side. Beginning today, we will have
many top tier economic data ahead as the new month comes with new reports.

Dow Jones Technical
Analysis – Daily Timeframe

On the daily chart, we can see that the Dow Jones
pulled back into the key resistance level at
38464 where we can also find the confluence of the
38.2% Fibonacci retracement level
and the red 21 moving average. This is
where we can expect the sellers to step in with a defined risk above the
resistance to position for a drop into the 37128 level. The buyers, on the
other hand, will want to see the price breaking higher to invalidate the
bearish setup and increase the bullish bets into a new all-time high.

Dow Jones Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can see more
clearly the bearish setup around the 38464 resistance and we can also notice
that the trend on this timeframe has already shifted to the upside. This might
be an early signal for a rally into a new all-time high, but the price will
need to break above the resistance to confirm it and trigger an even stronger
bullish wave.

Dow Jones Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we
have a black counter-trendline that
is defining the current bullish momentum with the red 21 moving average acting
as dynamic support. The sellers will want to see the price breaking lower to
confirm a reversal and increase the bearish bets into new lows. The buyers, on
the other hand, will want to see the price breaking higher to start targeting
the all-time high.

Upcoming Events

Today we get the US Q1 GDP and the latest US Jobless
Claims figures. Tomorrow, we conclude the week with the US PCE report.

This article was written by FL Contributors at www.forexlive.com.

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Japan’s economy minister to attend BOJ policy meeting tomorrow 0 (0)

It is not commonplace for government officials to attend any central bank meeting, so this is definitely a peculiar one. But I guess it speaks to the delicate situation regarding the Japanese yen at the moment. The last time this happened was back in December last year, and before that was all the way back in April 2020 during the pandemic.

If there is no firm pushback by Ueda tomorrow, traders might take that as a green light to sell the yen further. USD/JPY is relatively unfazed by the headline for now, staying underpinned at 155.60 currently.

This article was written by Justin Low at www.forexlive.com.

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The Future of Real Estate: Investing in Tokenized Properties with Cryptocurrency 0 (0)

Real estate investment has long been a cornerstone of wealth
construction, supplying balance, tangible property, and the potential for
appreciation. However, the conventional real estate marketplace has frequently
been characterized by boundaries to entry, illiquidity, and high transaction
fees. The emergence of the blockchain era and cryptocurrency is reworking the
real property landscape, making it more accessible, efficient, and obvious than
ever before, with platforms like bitcoins-union.com offering innovative
solutions for property transactions and investment opportunities in the digital
age.In this newsletter, we’re going
to discover the idea of tokenized homes, talk about the benefits of investing
in real estate with cryptocurrency, and examine the future of this
revolutionary funding technique.

Understanding tokenized
properties

Tokenized houses represent a groundbreaking innovation in the actual
estate market, leveraging blockchain generation to fractionalize ownership of
real estate belongings into digital tokens. These tokens are issued on a
blockchain platform, each representing a fractional proportion of the
underlying assets. By tokenizing actual property belongings, traders can gain
exposure to excessive-priced properties with a minimum of funding, unlocking
new opportunities for diversification and portfolio optimization.

Tokenization allows fractional possession of real estate assets,
allowing traders to buy shares of a property instead of the complete property
itself. This fractional possession model democratizes access to real property
investment, allowing individuals to spend money on houses that were formerly
out of reach because of high capital requirements. Additionally, tokenized
residences provide more suitable liquidity compared to conventional actual
estate investments, as buyers should purchase, promote, and alternate tokens on
secondary markets.

Benefits of Investing in
Tokenized Properties with Cryptocurrency

Investing in tokenized homes with cryptocurrency gives numerous
compelling blessings for traders:

Accessibility: Cryptocurrency enables transactions without
borders and frictionless transactions, permitting traders from around the
sector to take part in actual property markets without the need for
intermediaries or geographical constraints. Investors should buy tokenized
residences using cryptocurrency, getting rid of traditional obstacles to access
such as currency conversion, bank transfers, and regulatory hurdles.

Liquidity: Tokenized houses offer superior liquidity as
compared to conventional real estate investments, as investors should purchase,
sell, and alternate tokens on secondary markets conveniently. Blockchain-based
platforms facilitate peer-to-peer transactions, enabling buyers to access
liquidity quickly and effectively.

Fractional Ownership: Tokenization permits fractional ownership of
real property assets, permitting investors to buy shares of property in place
of the entire asset itself. This fractional ownership model lowers the barrier
to entry for traders, allowing them to diversify their portfolios across
multiple houses and asset classes.

Transparency: Blockchain generation offers transparency and
immutability to real property transactions, permitting buyers to monitor the
ownership records, transaction records, and overall performance metrics of
tokenized properties in real time. Smart contracts automate and implement the
terms of the investment, lowering the threat of fraud, manipulation, and
disputes.

Cost Efficiency: Tokenized residences offer value-green
investment options as compared to conventional real property investments, as
they put off many of the overhead costs associated with property possession,
along with preservation, property management, and administrative fees.
Additionally, blockchain-based transactions reduce transaction fees and
streamline the investment method.

The Future of Real Estate
Investment

The tokenization of actual property represents a transformative shift
in the way homes are bought, built, and financed. As blockchain technology
continues to mature and benefit mainstream adoption, we can expect to see a
proliferation of tokenized real property offerings across residential,
business, and industrial sectors.

Institutional traders, real property developers, and asset managers are
increasingly exploring tokenization as a method of unlocking liquidity, gaining
access to new capital markets, and streamlining the funding process. Platforms
that facilitate the tokenization of real estate assets are proliferating,
supplying buyers with a wide variety of funding opportunities and asset classes
to select from.

Additionally, regulatory frameworks governing tokenized real estate
investments are evolving to accommodate this emerging asset elegance.
Regulatory clarity and compliance are important factors in the tremendous
adoption of tokenized homes, as buyers are searching for assurances concerning
investor safety, legal rights, and regulatory oversight.

Conclusion

Investing in tokenized residences with cryptocurrency represents a
paradigm shift within the real estate marketplace, presenting traders with
unprecedented access, liquidity, and transparency. By leveraging blockchain
generation and cryptocurrency, investors can fractionalize possession of actual
estate assets, diversify their portfolios, and get entry to new investment
opportunities with ease.

The future of real property funding lies within the intersection of
blockchain technology and traditional asset training, where tokenization
unlocks price, liquidity, and performance for traders. As the tokenization of
actual property belongings continues to gain momentum, we anticipate seeing
expanded adoption, innovation, and funding in this burgeoning marketplace.

For investors in search of ways to capitalize on the ability of
tokenized houses, accomplishing thorough due diligence, understanding the
dangers and possibilities, and staying informed about regulatory tendencies are
critical. By embracing the future of real property investment with
cryptocurrency, buyers can position themselves for sustainable returns and
lengthy-term achievement inside the virtual economy.

This article was written by FL Contributors at www.forexlive.com.

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UK April CBI retailing reported sales -44 vs 2 prior 0 (0)

  • Prior 2

This was the worst April performance for retail sales since 2020, although CBI says that the earlier timing of Easter may have something to do with it. The expected retail sales for May isn’t any better either, with the reading coming in at -19. In the month before, the expected retail sales for April was -25.

This article was written by Justin Low at www.forexlive.com.

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