Latest Market News
Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February, which could “be providing sufficient headwinds to prices.” While some investors are booking profits, the Luna Foundation Guard, the nonprofit organization […]
EURUSD, “Euro vs US Dollar” Having broken 1.0838 to the downside and tested this level from below, EURUSD is falling towards 1.0787 and may later grow to re-test 1.0838. After that, the instrument may start a new decline with the target at 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.3030. […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Engulfing reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0885. However, an alternative scenario implies […]
Type: Bearish ReversalKey Levels:Resistance: 2461.5Pivot: 2396.0Support: 2303.0Preferred Case:We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement, 100% Fibonacci projection and 161.8% Fibonacci extension. Our bearish bias is supported by price trading under Ichimoku […]
US inflation report for March released on Tuesday stirred debates about inflation peaking (core inflation 6.5% vs. 6.6% forecast, used car prices -3.8%), but the bearish impact on the USD was short-lived – Fed hawk Brainard came to the rescue with comments about interest rate and QT, which fueled rally of Treasury yields. According to […]
Shares of Rent the Runway Inc. RENT, +6.72% fell more than 6% in the extended session Wednesday, giving back some of its strong gains from the regular session, after the fashion rental company reported a narrower fourth-quarter loss and revenue that topped Wall Street expectations as well as above-expectation revenue guidance for the year. Rent […]