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Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. 2891 Total views 6 Total shares Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin […]

Shares of Adobe Inc. ADBE, -3.14% fell nearly 5% in the extended session Thursday after the software company reported fiscal 2022 second-quarter results above Wall Street expectations and tweaked revenue expectations for the year. Adobe said it earned $1.18 billion, or $2.49 a share, in the quarter, compared with $1.12 billion, or $2.32 a share, […]

President Joe Biden said a U.S. recession is “not inevitable” in an interview with the Associated Press. Speaking to the news service in the Oval Office, Biden said the U.S. is “in a stronger position than any nation in the world to overcome this inflation.” Biden spoke a day after the Federal Reserve demonstrated it […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are above the 200-days Moving Average, which means prevalence of the uptrend. A test of 2/8 is expected, followed by a breakaway and growth to the resistance level of 3/8. The scenario can be cancelled by a breakaway of the support level at 1/8 downwards. […]

The Fed raised key interest rate by 75 basis points and signaled that a similar move could be expected in July. The announced pace of tightening means that the federal funds rate is likely to be above 3% by the end of the year, therefore the dollar will likely offer one of the best real […]

Type: Bullish RiseKey Levels:Resistance: 0.0075575Pivot: 0.0074695Support: 0.0074205Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 0.0074695 in line with the overlap support and 61.8% fibonacci retracement to 1st resistance at 0.0075575 in line with the 127.2% fibonacci extension and […]