Latest Market News
• USDJPY rising inside impulse wave (iii) • Likely to test resistance level 152.50 USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5). The pair earlier broke the resistance trendline of the daily up channel from March – which added to the bullish […]
Oil futures climbed on Friday to post a gain for the week, but natural-gas futures fell sharply for the session to end the week more than 20% lower. “The Biden administration introduced an ‘SPR put’ to the oil market this week when they announced purchasing crude to replenish reserves when prices dip towards $70 a […]
Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice. […]
President Joe Biden on Friday said “I will not yield” to Republicans in a standoff over raising the U.S. debt limit if the GOP demands cuts to Medicare and Social Security in exchange for an increase in the limit. Biden was speaking at the White House after the release of the fiscal year 2022 budget […]
EURUSD, “Euro vs US Dollar” EURUSD worked off a downward wave to 0.9752 and a correction to 0.9844. Today the market is forming another wave of decline to the level of 0.9733. After its breakdown, we expect the formation of the consolidation range around this level. Upon release from the range down, we will consider […]
Bitcoin (BTC) dipped further below $19,000 on Oct. 21 as rumors circulated over the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed still on track for major November rate hike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly dropping before the Wall Street open, hitting lows of $18,660 on […]