News
US CPI In FocusThe main data focus today, and for the week as a whole, is the December US CPI reading. Given the high level of hawkish Fed expectations the market will be looking to today’s data to essentially confirm a March rate hike. While the December jobs number was weaker than expected, bulls are […]
The successful launch of YuzuSwap on Oasis Network suggests that demand for decentralized exchanges continues to grow following a record-breaking 2021. Source: Cointelegraph
Crypto assets are no longer on the fringe of the financial system, which raises financial stability concerns, a new IMF research argues. 6247 Total views 107 Total shares Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin […]
Oil prices climbed Wednesday to their highest settlement in about two months after the Energy Information Administration reported a weekly decline of 4.6 million barrels in U.S. crude inventories to 413.3 million barrels – the lowest since 2018. A larger-than-expected draw in U.S. crude-oil supplies coupled with a large draw at the Cushing, Okla., delivery […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD has reached 61.8% fibo after convergence on MACD and may boost its growth towards 76.0% fibo at 1.3672. After that, the pair may start a new correction to the downside before attacking the high at 1.3824. The key support […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.1313 and rebounding from this level, EURUSD is still growing and has already reached 1.1363; right now, it is consolidating around the latter level. Later, the market may break the range to the upside and form one more ascending structure with the short-term target […]