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Type: Bullish BounceKey Levels:Resistance: 95.765Pivot: 93.092Support: 90.924Preferred Case:With price expected to bounce off the support of the ichimoku cloud and the stochastic indicator, we have a bullish bias that price will rise from our pivot of 93.092 in line with the 50% Fibonacci retracement and horizontal pullback support to our 1st resistance of 95.765 in […]
Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on April 22 as investors trim risky assets in expectation of […]
The 2-year Treasury yield TMUBMUSD02Y, 2.721% advanced two basis points to almost 2.72% on Friday, incrementally climbing to another fresh high last seen in December of 2018, according to FactSet data as of 3 p.m. Eastern time. The rate climbed around 28 basis points for the week as traders began to price in the likely […]
Memecoins briefly took the cryptocurrency market by storm in 2021 after steady attention and shilling from big-name influencers like Elon Musk and Mark Cuban helped propel coins like Dogecoin (DOGE) to 100x gains. As one should expect, in the crypto market, rapidly rising prices have a tendency to reverse course just as fast and many […]
U.S. stocks remained on track for the biggest one-day drop since early March, but came off session lows after Cleveland Federal Reserve Bank President Loretta Mester said she didn’t see a need for a 75 basis point rate hike. In a CNBC interview, Mester said she would prefer a “methodical approach” rather than the “shock” […]
The exchange said it was “categorically false” that it shared user data with Russian regulators, and it had stopped working in the country following the invasion of Ukraine. 525 Total views 9 Total shares Major crypto exchange Binance challenged the accuracy of a report, which stated one of its regional heads agreed to supply Russia’s […]