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William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
It seems like the worst expectations for the BTC are coming true. Yesterday, the major crypto asset dropped to $25,401. Right now, it is trading around $30,629. The technical picture remains the same: the asset may plummet to $20,000 unless it is able to fix between $29,000 and $30,000. The next bearish target is at […]
EURUSD keeps hitting one new bottom after another. The major currency pair remains weak. The current quote for the instrument is 1.0378. So, yesterday EURUSD hit another bottom, this time at 1.0352. The asset is getting closer to parity and this might be the factor that boosts its decline. Market players are still trying […]
Mizuho Warns Over Russia-Ukraine ImpactShares in Japan’s third-largest lender, Mizuho, are sitting on major support today following the release of Q1 earnings yesterday. The group noted a 56% drop in net-profits which fell back to 51.4 billion yen. The group cited major downside risks from Russia-Ukraine violence as the main driver behind the dip in […]
Type: Bullish BounceKey Levels:Resistance: 1196’4Pivot: 1154’2Support: 1132’6Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1154’2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project.Alternative Scenario:Alternatively, price may […]
Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain. 5437 Total views 24 Total shares Global cryptocurrency exchange Binance has suspended trading pairs with Terra ecosystem’s cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin. Binance confirmed the move on May […]