Day: January 20, 2023
Genesis Files for Bankruptcy The crypto world has been hit by further bad news this week as crypto-lender Genesis Global Capital files for bankruptcy. The lender, owned by Digital Currency Group, reportedly froze customer accounts in mid-November on the back of FTX Capital collapsing in a bid to prevent a mass-withdrawal. The collapse of FTX […]
Asset markets are somewhat sluggish and reluctant to recover on Friday, following Thursday’s drop, which saw S&P 500 breaking through 3900 points. Dollar was slightly bid on the back of growing risk-off, however, during this week the DXY appears to remain in equilibrium in the range of 102-102.50: Despite a slew of negative updates on […]
XAUUSD, “Gold vs US Dollar” At the resistance level, gold has formed a Shooting Star reversal pattern. The pair is currently going by the pattern in a descending wave. The goal of the correction might be 1915.00. Upon testing the support level, the pair may bounce off it and continue the uptrend. However, the quotes […]
Brent On H4, the quotes are above the 200-day Moving Average, implying an uptrend. The RSI has risen above the resistance line. A breakaway of 8/8 (87.50) upwards should be expected, followed by growth to the resistance line of +1/8 (89.06). The scenario can be cancelled by a downward breakaway of the support level at […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line at 1.2310 is expected, followed by growth to 1.2655. An additional signal confirming the growth will be a […]
EURUSD, “Euro vs US Dollar” The currency pair has demonstrated a link of growth to 1.0842. This structure is iinterpreted as a correction of the previous structure of decline. Today a new link of decline to 1.0765 is beginning. The goal is first. Then a correction to 1.0830 and a wave of decline to 1.0690 […]
Why Is It Important To Use Strategies When Forex Trading? Forex trading, or the trading of foreign currencies, can be a profitable venture for those who employ effective strategies. Some popular strategies used in forex trading include: To achieve success in forex trading, it is crucial to choose strategies that will be effective for you […]
Daily Market Outlook, January 19, 2023 Bad News Is Bad News After All… Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world’s largest economy, Asian investors followed suit with […]
What Is Commodities Trading? You may be familiar with stock trading, but what is commodity trading? Commodities trading provides an alternative to stock trading by buying and selling raw materials such as oil and natural gas, base and precious metals, and agricultural products such as wheat, coffee, and sugar. Traders speculate on a commodity’s future […]
Bitcoin broke the psychological level of 20000, touching the resistance at the level of 210000. Now, the price of Bitcoin is getting ready for the pullback. Bitcoin might potentially gain the required support at the level of 20000, pull from it, and jump. So, let’s observe what will happen next. Silver has approached the resistance […]
