Day: August 26, 2022
The Nasdaq Composite COMP, -3.33% is on track for its biggest daily decline in two months as Wall Street’s selloff accelerates, sending the CBOE Volatility Index back above 23. The VIX VIX, +12.99%, better known as Wall Street’s “fear gauge”, was recently up 7.3% to 23.36. The gauge, which is based on moves in near-term […]
Pierre Rochard said that Bitcoin is the best digital money network and everything else is worse. 1685 Total views 42 Total shares Cointelegraph’s Joseph Hall interviewed Bitcoin (BTC) advocates Pierre and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast, at the Surfin’ Bitcoin 2022 event held in France. The group talked about how […]
Gold futures settled Friday with a loss for the session as well as the week after remarks at the Jackson Hole retreat from Federal Reserve Chairman Jerome Powell pointed to more interest rate hikes as the central bank continues its efforts to tame inflation. It seems that everyone settled on the “‘tighter for longer’ interpretation,” […]
U.S. stocks tumbled Friday morning as Federal Reserve Chairman Jerome Powell said the Federal Reserve’s efforts to combat inflation might lead to economic pain for American families, but that “we must keep at it until the job is done.” The Dow Jones Industrial Average DJIA, -1.91% fell 140 points, or 0.4%, to 33,164. The S&P […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1770.50. At the same time, […]
Despite the strong “greenback”, USDJPY has been slowly falling the entire week. The Japanese Yen is retreating a little bit against the USD on Friday. The current quote for the instrument is 137.02. The statistics published in the morning showed that the Tokyo Core CPI was 2.6% y/y in August after being 2.3% y/y and […]
• AUDCHF reversed from key resistance level 0.6710 • Likely to fall to support level 0.6650 AUDCHF currency pair recently reversed down from the key resistance level 0.6710 (which has been steadily reversing the price from the start of July), intersecting with the upper Bollinger Band and the 38.2% Fibonacci correction of the earlier sharp […]
• General Electric reversed from resistance level 80.00 • Likely to fall to support level 75.00 General Electric recently reversed down from the round resistance level 80.00 (which has been reversing the price from the start of May), intersecting with the upper Bollinger Band and the resistance trendline from January. The downward reversal from the […]
Bitcoin (BTC) futures are starting to see record discounts as sentiment among derivatives traders worsens. In its latest dedicated report issued Aug. 23, analysis firm Arcane Research painted a worrying picture of the morale among BTC futures participants. Futures basis revisits June lows After an initial shock during June’s BTC price drop, which has since […]
U.S. stocks tumbled Friday to session lows after Federal Reserve Chairman Jerome Powell delivered blunt remarks on the pain the U.S. inflation fight likely will cause households and businesses at the annual Jackson Hole, Wyoming economic summit. The Dow Jones Industrial Average DJIA, -1.94% was down 406 points, or 1.2%, trading near 32,880, while the […]
