Day: March 24, 2022
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.0980; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1035 and then resume moving downwards to reach 1.0760. Another signal in favour of a further downtrend will be […]
Type: Bearish ReversalKey Levels:Resistance: 746’7Pivot: 729’0Support: 696’2Preferred Case:Price is approaching our pivot level of 729’0 in line with 138.2% Fibonacci extension. We see the potential for a further dip towards our 1st support level of 696’2 in line with 23.6% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is […]
UK Inflation Hits Fresh 30 Year HighsThe British Pound’s reaction to the latest UK inflation data today serves as an important example of how perspective and context are crucial in gauging market response to economic data. If we look back to the tail end of last year, GBP was rising as UK inflation continued to […]
Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.” But rival bank NAB also has its own stablecoin project which is expected to launch by the end of the year. ANZ is working with local regulators such as AUSTRAC and APRA to get the […]
Gold futures rallied on Wednesday to settle at their highest in almost a week. The U.S. Federal Reserve has “marked out a series of planned interest rate rises throughout the year, so gold is likely to face an increasingly less favourable macroeconomic environment,” said Rupert Rowling, market analyst at Kinesis Money. “Yet the one factor […]
A statement from ECB President Christine Lagarde labeling cryptocurrency a “threat” to global security seems at odds with the real world data and expert opinion. 1148 Total views 9 Total shares The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, […]
Russian forces have committed war crimes in Ukraine, the U.S. government has assessed, Secretary of State Antony Blinken said in a statement Wednesday. Blinken’s statement comes as President Joe Biden is en route to Brussels for meetings with allies, and is expected to announce more sanctions on Russia over the invasion of Ukraine. “Today, I […]
Hoskinson made a bold prediction about Cardano two years ago that has yet to be fully realized, although the ecosystem has been on the up throughout 2022. 452 Total views 57 Total shares Co-founder of the Cardano blockchain Charles Hoskinson has cheekily admitted that his July 2020 forecast of the number of DApps coming to […]
All three major U.S. stock benchmarks closed lower Wednesday amid a sharp rise in oil prices as the Russia-Ukraine war pressed on for about a month. The Dow Jones Industrial Average DJIA, -1.29% and Nasdaq Composite COMP, -1.32% each closed around 1.3% lower, while the S&P 500 SPX, -1.23% fell 1.2%, according to preliminary FactSet […]
