Day: July 26, 2022
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area, the asset is moving sideways. At the moment, EURUSD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.0110. However, an […]
EURUSD, “Euro vs US Dollar” EURUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0205 and then resume moving upwards to reach 1.0505. Another signal in favour of a further uptrend will be a rebound from […]
The latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover. 3206 Total views 151 Total shares “Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about […]
Shares of Travelers Companies Inc. TRV, +2.28% rallied 1.8% in afternoon trading Monday, after Raymond James analyst C. Gregory Peters swung to bullish on the insurer via a double upgrade. Peters boosted his rating to strong buy from market perform, skipping the broker’s outperform rating in the process. He set his stock price target at […]
Societe Generale Focus switches to the US, even if there’s a very strong consensus about what the FOMC will decide on Wednesday. After a week in which the market was more focused on the ECB, Italy and natural gas flows from Russian to Germany, than anything happening elsewhere, attention switches back to the US – […]
Daily Market Outlook, July 26, 2022 Overnight Headlines Stock Bulls Deluded By ‘Wishful Thinking,’ Morgan Stanley Warns Coinbase Faces SEC Investigation Over Cryptocurrency Listings BoJ Board Agreed On Need For Ultra-Low Rates: June Meeting Minutes RBA’s Harper: Australia’s Economy Robust, Can Withstand Hikes Korea’s Economy Accelerates, Giving Scope To Keep Raising Rates Dollar Near Recent […]
• WTI reversed from support area • Likely to rise to resistance level 100.00 WTI crude oil currency pair recently reversed up from the support area located between the key support level 93.40 (which has been reversing the pair from March) and the 50% Fibonacci retracement of the upward trend from December. The upward reversal […]
• CADJPY reversed from support area • Likely to rise to resistance level 107.40 CADJPY currency pair recently reversed up from the support area located between the key support level 105.00, support trendline from June, 20-day moving average and the 61.8% Fibonacci correction of the earlier upward impulse from the start of July. The upward […]
The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission. 251 Total views 24 Total shares Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins. According […]
President Joe Biden on Monday played down the potential for a U.S. recession, as he responded to questions from reporters following a virtual event on a microchips bill. “God willing, I don’t think we’re going to see a recession,” Biden said. He said the unemployment rate is “still one of the lowest we’ve had in […]
