Cryptocurrencies
US Oil Bounces Back
WTI crude bounces higher as upbeat Chinese PMI brightens the demand outlook. On the daily chart, the price is still in a range trading mode between 72.50 and 82.20. A break above 77.50 has sent Read more…
Cryptocurrencies
USD/JPY Daily Outlook
Daily Pivots: (S1) 135.48; (P) 135.98; (R1) 136.69; More… Intraday bias in USD/JPY remains neutral for the moment. Focus is staying on 38.2% retracement of 151.93 to 127.20 at 136.64. Rejection by this fibonacci level, Read more…
Cryptocurrencies
EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9980; (P) 1.0004; (R1) 1.0049; More…. Intraday bias in EUR/CHF stays on the upside as rise from 0.9844 is in progress. The strong break of trend line resistance adds to the case Read more…
Cryptocurrencies
US 10-year yield breaks 4% on inflation worry, more upside ahead
US treasury yields marched higher overnight, and look set to extend rally today. Two-year yield hit its highest level in 16 years and could soon challenge the 5% handle, while 10-year yield remains above the Read more…
Cryptocurrencies
Technical Outlook and Review
DXY: Price is testing our 1st resistance at 104.59 which is an overlap resistance. Reversing from here could see it drop to our 1st support at 103.74 which lines up with our 38.2% Fibonacci retracement. Read more…
Cryptocurrencies
Bitcoin Price Could Rise If Stays Above $23K
Key Highlights Bitcoin price is consolidating above the $23,000 support zone. BTC broke a major bearish trend line at $23,500 on the 4-hours chart. Gold price climbed higher above the $1,830 resistance zone. EUR/USD extended Read more…
Cryptocurrencies
China Opens to Recovery; Yuan Moves Up
Lifting the lockdown and the end of the Lunar New Year celebrations led to a strong rebound in Chinese economic activity. The manufacturing PMI jumped to 52.6 in February from 50.1 the previous month, according Read more…