Category: Cryptocurrencies

Daily Pivots: (S1) 1.0676; (P) 1.0721; (R1) 1.0773; More… Intraday bias in EUR/USD is turned neutral with 4 hour MACD crossed above signal line, and some consolidations could be seen. Correction from 1.1032 short term Read more…

Dollar is slightly on the softer side in Asian session today. Fed Chair Jerome Powell’s affirmed the markets overnight that disinflation process has started. The comments give risk sentiment a lift and pulled the greenback Read more…

Fed Chair Jerome Powell reiterated yesterday, “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector. But it has a long way to go. These are the Read more…

BoC Governor Tiff Macklem said in a speech that “recent developments have reinforced our confidence that inflation is coming down.” The bank expects CPI to fall to around 3% in the middle of 2023, and Read more…

ECB Executive Board member Isabel Schnabel said yesterday, “you can’t say that monetary policy is having such an impact that we can hope for inflation to reach our 2% target in the medium term.” “We’ll Read more…

Key Highlights Crude oil price is facing resistance near the $76.50 zone. A connecting bearish trend line is forming with resistance near $76.10 on the 4-hours chart. Gold price is consolidating losses above the $1,850 Read more…

Hello Traders, in this article we will have a look on BTC/USD. You will see how we were able to forecast in advance the upcoming wave ((iv)) correction. Bitcoin is trading within a larger degree Read more…

It was a tough end to the week for gold bugs which saw the yellow metal plunge 5% from its YTD high. Yet support was found just above the 50-day EMA, and two inverted hammers Read more…

Fed Chairman Powell continued with his less hawkish commentary today during a Q&A session at the Economic Club of Washington.  He started by noting once again that the disinflationary process has started, but it will Read more…