Latest Market News
The Financial Services and Markets Authority (FSMA) calls upon the financial sector not to distribute to individual investors structured products that are considered particularly complex. Distributors that sign on to the moratorium commit themselves not to distribute structured products that do not fulfil the criteria that have been established. Distributors who participate in the moratorium […]
When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials […]
Oil futures settled higher on Monday after posting their biggest weekly loss in about two years late last week, after the U.S. and International Energy Agency announced plans to release oil from emergency reserves. Oil prices have rebounded after last week’s big declines, with U.S. prices recovering back above $100 a barrel, “in the wake […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the […]
Type: Bearish DipKey Levels:Resistance: 14950Pivot: 14870Support: 14727Preferred Case:We see the potential bearish dip from our Pivot at 14870 in line 23.6% and 61.8% Fibonacci retracement towards our 1st support at 14727 in line with the horizontal swing low support and 61.8% Fibonacci projection. Our bearish bias is further supported by how price is moving below […]
Type: Bullish RiseKey Levels:Resistance: 1623’2Pivot: 1580’0Support: 1546’4Preferred Case:With price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1623’2 in line with the 38.2% Fibonacci retracement and pullback resistance from our pivot of 1580’0 in line with the 161.8% Fibonacci extension and swing […]