Yellen says Biden’s order ‘calls for a coordinated and comprehensive approach to digital asset policy.’ Treasury Secretary Janet Yellen on Wednesday praised President Joe Biden’s “historic” executive order on cryptocurrency. Among other things, Biden’s order Read more…
Daily Pivots: (S1) 115.36; (P) 115.58; (R1) 115.88; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 Read more…
Daily Pivots: (S1) 0.9258; (P) 0.9282; (R1) 0.9316; More…. Sideway trading continues in USD/CHF and intraday bias remains neutral. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…
Daily Pivots: (S1) 1.3074; (P) 1.3109; (R1) 1.3137; More… Intraday bias in GBP/USD remains neutral for some consolidations. But upside of recovery should be limited by 1.3270 support turned resistance. On the downside, sustained break Read more…
The fast-food giant has a bunch of new deal and there’s a big reason for that. When March rolls around every sports fan thinks about the NCAA men’s and women’s basketball tournaments. Thoughts turn to Read more…
Daily Pivots: (S1) 1.0849; (P) 1.0903; (R1) 1.0958; More… EUR/USD’s recovery from 1.0805 extends higher today but outlook is unchanged. Intraday bias stays neutral first. While stronger recovery cannot be ruled out, upside should be Read more…
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading Read more…
Stocks are set to follow Europe higher as both Russia and Ukraine soften their tone ahead of more peace talks tomorrow. US futures Dow futures 1.6% at 33137 S&P futures +1.8% at 4241 Nasdaq futures Read more…
Bitcoin is back at 42k handle over risk sentiment improves. Currently, price action from 33000 are seen as developing into a corrective pattern, probably in form of a triangle. Thus, upside of the current rebound Read more…
Gold dips notably today, after failing to break through 2074.84 record high earlier. With the depth of the retreat, more corrective trading is now likely for the near term. While gold cold gyrate below 2000 Read more…