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Day: January 27, 2023

Jan 27
Bitcoin is Heading North

The price of Bitcoin remains at the broken level of 22000, trying to form a small spinning white candle. Given the previous formation of a long white candle, it is safe to assume that the pennant formation is about to happen soon. Bitcoin might potentially have to face resistance at the level of 25000. Gold […]

Jan 27
Daily Market Outlook, January 26, 2023

Daily Market Outlook, January 26, 2023  Asian Markets Back Online & In Buoyant Spirits With Hong Kong Scaling 7 Month Highs Asian markets are trading with a mixed tone, the standout exception is the Hong Kong market which has opened with a strong risk on posture, as the Hang Seng printed fresh seven month highs. […]

Jan 27
US Data Surprises Helps the USD to Stage Mini-Rebound

Currency markets continue to remain in a relative equilibrium with FX majors fluctuating in fairly narrow ranges. US broad equity indices also lack direction, the key benchmark of the market, S&P 500, after two mini-selloffs to 3900 and 3960 in January, remains tied to the level of 4000 points. Oil (WTI benchmark) has been rising […]

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