BTC Rout Continues The Bitcoin sell-off continues to deepen this week with BTC futures now down more than 20% from the YTD highs. Selling since the SEC approved a slew of spot-Bitcoin ETFs earlier in the month has largely been attributed to fund outflows from holders who bought in long before approval was granted. In […]
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Copper Rallies on Tuesday Copper prices are rising today as traders digest news that China is considering a huge new stimulus package aimed at reviving falling stock markets. Reports overnight point to plans to mobilise around $300 billion in funds held in offshore accounts by state owned businesses. The capital will be used to invest […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI is testing the resistance area. In this situation, a downward breakout of the 4/8 (0.6591) level is expected, followed by a price decline to the support at 2/8 (0.6469). The scenario […]
The Japanese yen, paired with the US dollar, is about to decline further. The USDJPY exchange rate stands at 148.10. The Bank of Japan maintained its ultra-soft monetary policy at the January meeting. The interest rate remained at -0.10% per annum. The Central Bank made no changes to its credit and monetary policy structure and […]
The price of Apple stocks tested the maximum point at the level of 198.35, rebounded, and dropped. Currently, the asset’s price is trying to rise. The asset is targeting the resistance zone formed between levels 198.35 and 199.62. The price of this asset might potentially retest the previously reached level, rebound above the resistance, and […]