Latest Market News

Feb 01
Forex Technical Analysis & Forecast for February 2022

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, EURUSD is forming the structure of the ascending wave with the first target at 1.1313. Later, the market may correct towards 1.1220 and then resume trading upwards to break 1.1420. After that, the instrument may continue growing with the short-term target at […]

Feb 01
Fibonacci Retracements Analysis 01.02.2022 (EURUSD, USDJPY)

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, the downtrend continues as the asset is heading towards 76.0% fibo at 1.1047. At the moment, the pair is correcting upwards after completing the previous descending impulse. After the pullback is over, EURUSD may resume falling towards its key target. At the […]

Feb 01
Daily Market Outlook, February 1, 2022

Daily Market Outlook, February 1, 2022 Overnight Headlines Fed Officials See March Rate Hike, But No Roadmap After That US Treasury Lifts Quarterly Borrowing Estimate To $729 Billion Treasury Economist Sees Inflation Easing If Pandemic Recedes US Official: Iran Talks Entered Final Stretch, Time For Decisions US Weighs More Troops To Eastern Europe Past 8,500 […]

Feb 01
Fidelity: Bitcoin is a 'superior form of money'

Fidelity argued Bitcoin should be considered separately from the rest of the digital asset market as no other altcoin comes close to its properties 5091 Total views 92 Total shares Fidelity, the multinational brokerage giant, released a paper on Bitcoin (BTC) titled Bitcoin First. The financial services provider calls for BTC to be treated separately […]

Feb 01
Dow transports charges higher as record UPS stock surge provides a near 200-point boost

The Dow Jones Transportation Average DJT, +1.68% charged up 281 points, or 1.8%, to outperform the broader stock market by a wide margin, as big surge in United Parcel Service Inc.’s stock UPS, +15.29% on the back of a blowout fourth-quarter report provided a boost. UPS’s stock powered up 15.3% toward a one-day record gain […]

Feb 01
Bitcoin market cap dominance hits 2-month high as altcoins struggle

Bitcoin (BTC) is retaking market share from altcoins after its market capitalization dominance hit its highest since November 2021 last week. Data from CoinMarketCap and TradingView reveals BTC briefly accounted for over 42% of the overall crypto market cap in late January. Bitcoin claws back market cap presence Having suffered on the way down from […]