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The BTC exchange rate is stable on Monday, standing at 26,664 USD. The market is calm. The weekly surplus of the flagship cryptocurrency amounts to 3.57%. Nothing has visibly changed among fundamental and technical indicators. The situation might alter on Wednesday when the US Federal Reserve will declare its interest rate decision and give hints […]
Brokers play a big role in the dynamic world of financial markets, facilitating trades and providing a valuable platform for traders. However, in addition to executing trades, brokers also have an interest in ensuring that their traders are properly educated. Education is the foundation of informed decision making, risk management and long-term success in trading. […]
TitleGBPUSD H4 | Falling from a pullback resistance? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.24444, which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.23337, an overlap support level. Alternative scenario:However, if the price breaks above the […]
Daily Market Outlook, September 15, 2023 Munnelly’s Market Commentary… Asian equity markets posted gains as they followed the positive global trend driven by robust U.S. economic data, a dovish rate hike by the European Central Bank (ECB), and the People’s Bank of China’s (PBoC) cut in the Reserve Requirement Ratio (RRR). Additionally, better-than-expected Chinese economic […]
The BTC exchange rate rose to 26,648 USD. The daily increase is 1.6%. This is positive news. Apparently, investors have perceived external conditions as neutral, and find current price levels attractive for acquisitions. Nonetheless, there is no indication of large-scale purchases at this stage. Support for BTC is at 25,150 USD, while the resistance level […]
The main currency pair is holding a weak position on Friday. The current EURUSD exchange rate stands at 1.0649. The major currency pair experienced strong pressure yesterday. The European Central Bank held its meeting and raised the interest rate by 25 basis points to 4.5% per annum. The euro would have survived this decision quite […]