Latest Market News
46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000. 4208 Total views 181 Total shares The vast majority of cryptocurrency owners in the United States made its first-ever crypto investments just within last year, according to a new survey. About 70% of crypto hodlers […]
Stocks posted a mixed finish Friday after December retail sales showed an unexpected drop and as investors digested results from major banks as earnings season got under way. The Dow Jones Industrial Average fell around 202 points, or 0.6%, to close near 35,912, while the S&P 500 SPX, +0.08% rose around 4 points, or 0.1%, […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks 6/8 to the downside. After that, […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target may be the resistance area at 1845.00. At the same time, an opposite scenario […]
Credit AgricoleAsia overnightThe threat of tighter financial conditions continues to weigh on investor sentiment. FOMC Vice Chair, Lael Brainard, and Chicago Fed President, Charles Evans, whom are normally considered doves by the market turned hawkish in suggesting a March rate hike is a possibility. While China’s exports were strong, imports were on the soft side […]
Type: Bearish ReversalKey Levels:Resistance: 0.73014Pivot: 0.72805Support: 0.72192Preferred Case:Prices are at a Pivot. We see the potential for further bearish continuation from our Pivot at 0.72805 in line with 50% Fibonacci retracement towards our Take Profit at 0.72192 which is an area of Fibonacci confluences. RSI is showing bearish momentum.Alternative Scenario:Alternatively, prices may go to our […]