Bitcoin price today: inks new record high near $119k as ETF inflows surge
However, I do remain Dollar bearish.
The Aussie almost did well and should still do well but the short term is hanging in the balance. My view remains pretty much the same as the Europeans so I still feel that looking for bullish set ups is the way to go.
The JPY pairs were clearly spooked by the upper house elections yesterday. My insightful comment on that is: “ZZzzzzzzzzz.” Both USD/JPY and EUR/JPY have retained a sense of buoyancy but a fragile one I feel. We’re still riding the fine line between additional gains (although within a correction I feel) and direct losses. There’s precious little upside room for the cross while USD/JPY remain toying with the space above Friday’s high and that of the 7th July. Can it get above? Well, I can’t say it won’t but I don’t think so. I do have a specific time frame in my mind for when USD/JPY finds its low and that is close enough to mean we need some losses soon. If there is any other alternative (though I think it’s a poor alternative) then it’s a longer extended sideways move.
However, we are talking about politicians so there’s always the enjoyment of seeing them open their mouths and screwing up.
Basically, still favour the downside in both JPY pairs.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.