Day: January 12, 2022

Jan 12
USD Lower Despite Hawkish Powell Comments

USD Still LifelessThe US Dollar remains largely subdued today despite a broadly hawkish set of comments from Fed chairman Powell yesterday. Powell was testifying at the senate confirmation hearing for his Fed chairman re-nomination yesterday and provided plenty of insight into the Fed’s outlook and policy plans for the year ahead. On the back of […]

Jan 12
EURUSD, H4 I Approaching Pivot, Potential For A Drop!

Type: Bearish ReversalKey Levels:Resistance: 1.14633Pivot: 1.13852Support: 1.1233Preferred Case:On the H4, price is reacting below our pivot level at 1.13852 which is in line with horizontal swing high resistance, 50.0% Fibonacci retracement level. We are biased that price will potentially drop to 1st support at 1.1233, which is in line with horizontal swing low support. This […]

Jan 12
KB Home stock rises more than 4% after builder's Q4 sales rise 40%

Shares of KB Home KB, +2.79% rose more than 3% in the extended session Wednesday after the home builder reported fourth-quarter profit above expectations and sales that matched forecasts, saying it had to meet “healthy demand” for housing amid “extremely challenging” operating conditions. KB Home said it earned $174 million, or $1.91 a share, in […]

Jan 12
Fed Powell: Inflation Should Peak out in Mid-2022

Powell’s speech disappointed proponents of the idea that the Fed is in a hurry to normalize policy with the pace priced in by market expectations, which were shaped after the release of the minutes of the December FOMC meeting. Despite assurances that the Fed will not allow high inflation to take root in consumers expectations, […]

Jan 12
First DEX on Oasis Network hits $100M TVL in 24 hours

The successful launch of YuzuSwap on Oasis Network suggests that demand for decentralized exchanges continues to grow following a record-breaking 2021. Source: Cointelegraph

Jan 12
Market Spotlight: Trading Scenarios For Today's US CPI Release

US CPI In FocusThe main data focus today, and for the week as a whole, is the December US CPI reading. Given the high level of hawkish Fed expectations the market will be looking to today’s data to essentially confirm a March rate hike. While the December jobs number was weaker than expected, bulls are […]

Jan 12
IMF: Bitcoin matured to ‘an integral part of digital asset revolution’

Crypto assets are no longer on the fringe of the financial system, which raises financial stability concerns, a new IMF research argues. 6247 Total views 107 Total shares Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin […]

Jan 12
Oil prices settle higher as U.S. crude supplies drop to lowest since 2018

Oil prices climbed Wednesday to their highest settlement in about two months after the Energy Information Administration reported a weekly decline of 4.6 million barrels in U.S. crude inventories to 413.3 million barrels – the lowest since 2018. A larger-than-expected draw in U.S. crude-oil supplies coupled with a large draw at the Cushing, Okla., delivery […]

Jan 12
Fibonacci Retracements Analysis 12.01.2022 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD has reached 61.8% fibo after convergence on MACD and may boost its growth towards 76.0% fibo at 1.3672. After that, the pair may start a new correction to the downside before attacking the high at 1.3824. The key support […]

Jan 12
Forex Technical Analysis & Forecast 12.01.2022

EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.1313 and rebounding from this level, EURUSD is still growing and has already reached 1.1363; right now, it is consolidating around the latter level. Later, the market may break the range to the upside and form one more ascending structure with the short-term target […]