Latest Market News
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. However, this […]
Type: Bearish MomentumKey Levels:Resistance: 773.7Pivot: 765.75Support: 755.45Preferred Case:Price has broken the ascending trendline and is moving below the ichimoku cloud, which supports our bearish bias that price will drop our pivot at 765.75 in line with the 38.2% fibonacci retracement to the support at 755.45 in line with the 50% fibonacci retracement.Alternative Scenario:Alternatively, price may […]
FOMC Minutes Confirm Fed HawkishnessThe May FOMC minutes last night were broadly as expected. The release reaffirmed the current Fed hawkishness yet, in light of the uptick in recent Fed commentary, the minutes came across a little dated. Notably the minutes confirmed that policymakers are expecting to hike rates by a further .5% in June […]
• GBPAUD reversed from support level 1.7620• Likely to rise to resistance level 1.7825 GBPAUD recently reversed up from the support level 1.7620, which is the lower boundary of the tight sideways price range inside which the pair has been moving from the start of May. The support level 1.7620 was further strengthened by the […]
White House press secretary Karine Jean-Pierre on Thursday criticized the National Rifle Association, after a reporter asked about the lobbying group’s plan to hold a convention on Friday in Houston, Texas, following the school shooting in Uvalde, Texas. “It’s not about the convention. What is inappropriate is that the leadership of the National Rifle Association […]
Deepfakes abound! Crypto scammers produce a deepfake video of Elon Musk’s TED talk to prey on unwitting social media users. 5771 Total views 79 Total shares Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly […]