The crypto market is seeing a lot of growth and it looks like retail investors are looking to “buy when there is blood on the streets”. This is a good strategy for investors to follow when looking to invest in a market that is seeing a lot of growth. Bitcoin’s price increased on Monday, reaching…
The buyers and sellers are in constant conflict with one another. EURUSD is approaching an important area of potential resistance. This area includes the 50% Fibonacci level as well as a previous swing high. A break above this area could lead to further gains in the currency pair.
USDCHF has been teetering on the 100 hour MA for the past few trading days, with three unsuccessful attempts in the last week. However, today’s breakout seems more promising as the 100 hour MA has lowered to 0.95415. So far, the high price has only reached 0.9559. If the USDCHF falls below the 100 hour…
After a brief period of stability, US yields have started to move higher again. This is putting pressure on the US dollar and may lead to further declines in the currency. USD’s value has been gradually decreasing, but that might change soon.Auctions for US 2 year notes have not been going well recently. This could…
Bitcoin closed on Thursday at around $24,000, testing that area once again after failing to climb higher in the middle of last week. The first cryptocurrency has gained 3.8% over the past 24 hours, which is about the same amount it has gained in the past seven days. Ethereum, on the other hand, has added…
After a small loss of around 0.5% over the course of Tuesday, Bitcoin has found itself retreating to the lower end of the $23,000 range it had established. Ethereum, on the other hand, has managed to gain some strength over the past day, increasing by 2.7% to reach $1,630. As for altcoins, they have been…
NASDAQ index higher 0.75% The new PMI data was not as strong as hoped. Sales of new homes and the Richmond Fed’s economic index were both weaker than expected, while the consumer confidence flash estimate was negative but not as weak as anticipated. Weaker data has had the effect of driving yields lower. The two…
The US dollar has weakened following the release of disappointing Flash PMI data. This has caused yields to fall, at least in the short end. US stocks are mixed, with the NASDAQ slightly higher on account of the weaker dollar and lower yields (even though the data was disappointing – sometimes bad news can be…
Eurusd slack near all time low since 14th July 2022. After testing support since 11th May 2022. The comming support is 0.9952 and then Trendline since March 2004. According to the Economic Calender PMI data ahead tomoroow which is expecting strong for the Euro. Euro must recover near ATL since 14th July. Because of its…
[dropcap]N[/dropcap]ZDUSD is likely to experience some negative pressure in the next few weeks. This could be due to a variety of factors, such as the global economy or political instability. However, it is important to remember that no currency is ever completely free from volatility.