Day: January 19, 2022
The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800 peak to under $3,000 on Jan. 8 and Terra’s LUNA governance token also dropped from $85 on Dec. 31 to $67 on Jan. 8, 2022. These unexpected dramatic […]
President Joe Biden on Wednesday said he expects his social-spending and climate package probably will be broken up in order to have parts of it passed by Congress. “I think we can break the package up, get as much as we can now and come back and fight for the rest,” he told reporters during […]
Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-September 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. Bitcoin price at Coinbase, USD. Source: TradingView To understand whether the […]
President Joe Biden defended his campaign promises Wednesday, despite high inflation and a lack of progress for his Build Back Better plan, as well as other legislative setbacks. “I didn’t over promise,” Biden said during a press conference that came at the one-year mark of his presidency. “I have probably outperformed what anybody thought would […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue growing to reach the resistance at 7/8. However, this […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.1410 and breaking it to the downside, EURUSD has extended the correction down to 1.1315; right now, it is starting to form one more ascending structure towards 1.1494. The first target is at 1.1410. GBPUSD, “Great Britain Pound vs US Dollar” Having formed […]
GBP In Demand As Inflation SoarsThe British Pound is catching a bid again today following news that UK inflation hit its highest level in thirty years last month. The Office for National Statistics reported this morning that headline UK CPI rose by 4.8% month-on-month in December, up from 4.1% in November. Annually, inflation surged to […]
Credit AgricoleAsia overnightUST yields holding onto yesterday’s gains kept downward pressure on sentiment in Asia. Most Asian bourses and S&P 500 futures were trading lower at the time of writing. The JPY was the outperformer in G10 FX on the back of weaker risk sentiment. The NZD was supported by the NZ rates market pricing […]
• Gold broke resistance level 1825.00 • Likely to rise to resistance level 1860.00 Gold continues to rise after the earlier breakout of the resistance level 1825.00 (top of the previous impulse wave (i)), intersecting with the 61.8% Fibonacci correction of the earlier downward correction from November. The breakout of the resistance level 1825.00 continues […]
• EURCAD reversed from key support level 1.4170 • Likely to rise to resistance level 1.4250 EURCAD recently reversed up from the key support level 1.4170 (previous Double Bottom from November), – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.4170 stopped the previous sharp downward impulse waves (iii) […]
