Latest Market News
Cautious optimism remains in the currency markets regarding the idea that the signs of the US losing growth momentum will force the Fed to tap the breaks on monetary tightening and prepare markets for an easing cycle. Easing Covid policy in China is also supportive for market sentiment as investors price in a rising Chinese […]
What Is Backtesting Strategy? The process of evaluating a trading strategy using historical data to assess its potential profitability and identify any weaknesses is known as backtesting. It helps traders to refine their strategy by making adjustments and identifying potential flaws. However, it is important to keep in mind that past performance does not always […]
Choppy Start to 2023 For Markets It’s been a muddy start to the year for equities markets with choppy actions seen across the globe. Early in January we’re seeing some clear divergence between different regions with European stocks currently noting the best performance while US stocks have been wrangled back from initial highs. Looking at […]
Type: Bullish Rise Key Levels:Resistance:17595Pivot:16710Support:16090 Preferred Case:Looking at the H4 chart, my overall bias for BTC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 17595, where the 61.8% Fibonacci line is. Alternative […]
The market major continues growing. The current quote is 1.0740. The EUR is supported by the interest to risk and the weakness of the US currency. The market is selling the dollar because globally investors are overvaluing the prospects of further actions of the Federal Reserve System. Market players have several important releases at hand, […]
The Japanese yen against the US dollar remains strong. The current quote is 131.73. This morning, Japan has presented important statistics. Household spending in November turned out below forecasts, falling by 1.2% y/y. The forecast had suggested growth by 0.5%. This is a leading indicator of economic activity; hence, fundamentally speaking, this is bad news. […]