Day: January 28, 2022
A temporary website outage of the project’s main site, among other factors, led to the error. 644 Total views 90 Total shares In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear […]
Oil futures rose on Friday, with U.S. prices posting a sixth-consecutive weekly rise as the Russia-Ukraine crisis continued to put already tight global oil supplies at risk. Oil prices, however, settled below the day’s best levels. With the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, due to meet next […]
Washington, D.C. — The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida, charging five individuals and five companies with fraud, misappropriation, and registration violations in connection with a fraudulent foreign currency (forex) scheme. The complaint charges defendants Jase Davis of […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Hanging Man, close to the resistance level, USDCAD is reversing and may form a new correctional impulse. In this case, the downside target may be the support area at 1.2655. However, an alternative scenario implies […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue moving upwards to reach the resistance at 6/8. However, this scenario may no longer be valid if the asset breaks 4/8 to the […]
There was a sign of relief on geopolitical front, welcomed by asset markets, after the Russian Foreign Ministry said that a war with Ukraine was “unthinkable”, hinting that diplomatic resolution of the conflict may be in cards. The market focus today is on a portion of US price and employment data, namely PCE and employment […]
US Core PCE In FocusIt’s been a stunning week for the US Dollar with the greenback on curse to close out its biggest weekly gain since June 2021. A hawkish FOMC meeting, teeing up a March rate hike, followed by a bumper quarterly GDP reading has week and truly reignited demand for the Dollar. Traders […]
• Tesco broke resistance level 2.9670 • Likely to rise to resistance level 3.050 Tesco recently broke above the key resistance level 2.9670 (which stopped the previous short-term impulse wave 1 at the start of January) The breakout of the resistance level 2.9670 accelerated the active intermediate impulse wave (3). Given the clear daily uptrend, […]
• Natural gas broke resistance zone • Likely to rise to resistance level 5.000 Natural gas recently broke the resistance zone lying between the key resistance level 4.400 (which stopped the previous impulse wave (1)) and the 50% Fibonacci correction of the downward impulse from November. The breakout of this resistance zone accelerated the active […]
A big comeback Friday for stocks left the S&P 500 index SPX, +2.43%, Dow Jones Industrial Average DJIA, +1.65% and Nasdaq Composite Index COMP, +3.13% with sizable gains on the session and enough upward momentum to leave all three key U.S. stock benchmarks in the green in a week of extreme volatility on Wall Street. […]
