Cryptocurrencies
Bitcoin Seeks Support
Market picture Bitcoin lost 3.8% on Tuesday, ending it at around $23.2K, and is developing a decline to $22.9 by Wednesday morning. Ethereum has lost 5.6% in the last 24 hours, to $1680. Top altcoins Read more…
Cryptocurrencies
Daily Technical Analysis
EUR/USD The pair continues tо consolidate since the second half of July. The main support remains the area between 1.0120 – 1.0150, and the main resistance is the wall at 1.0270. After such a long Read more…
Cryptocurrencies
FTSE 100 Stays Upbeat
The FTSE 100 edged higher supported by financial and commodity stocks. A bullish MA cross on the daily chart shows an acceleration in the rally. As the index grinds a rising trendline, the optimism is Read more…
Cryptocurrencies
EUR/JPY Continues to Recover
The euro climbs as traders bet on a 50bp move by the ECB in September. On the daily chart, the directional bias is still up after it bounced off the floor at 133.50. A break Read more…
Cryptocurrencies
XAU/USD Grinds Rising Trendline
Gold rallies as the market awaits US inflation data. A break above the 30-day moving average has helped the recovery gain traction. A rising trendline from late July indicates a bullish bias. The latest pullback Read more…
Cryptocurrencies
Nerves ahead of US Inflation
We’re seeing plenty of apprehension ahead of the US inflation report on Wednesday, with Asia in the red and Europe following suit. It’s impossible to get away from the fact that the inflation report has Read more…
Cryptocurrencies
Oil Resists to Russian Supply Cut, US CPI in Focus
Russia halted crude flows to Hungary, Slovakia, and Czech Republic yesterday because sanctions prevented payment of a transit fee. The news didn’t trigger a bull run in crude oil yesterday, though pushed the price of Read more…
Cryptocurrencies
Cheaper Gasoline Will Not Solve Fed’s Inflation Problem
Market movers today The most important data release of the day will be the US July CPI. Following the recent decline in gasoline prices, consensus is expecting headline CPI growth to ease to 0.2% m/m Read more…
Cryptocurrencies
AUD/USD Daily Report
Daily Pivots: (S1) 0.6946; (P) 0.6970; (R1) 0.6987; More… Range trading continues in AUD/USD and intraday bias remains neutral. On the upside, break of 0.7045 will resume the rebound from 0.6680 to 0.7282 key resistance Read more…
Cryptocurrencies
Markets in Hibernation as US CPI Awaited
The forex markets are somewhat in hibernation mode this week. Dollar is currently the weakest one, followed Yen. Commodity currencies are generally firm. But Swiss Franc is the strongest, thanks to buying against the weakening Read more…