Cryptocurrencies
Technical Outlook and Review
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our Read more…
Cryptocurrencies
BoJ: Necessary to continue with current powerful monetary easing
In the Summary of Opinions of the April 27-28 meeting, BoJ noted that “as Japan is a commodity importer, the rise in commodity prices leads to an outflow of income from Japan and thus exerts Read more…
Cryptocurrencies
Fed Bullard: We can proceed on a plan of 50bps per meeting
In a Yahoo Finance interview, St. Louis Fed President James Bullard said that a 75bps rate hike is “not my base case”, and he gave a nod to the 50bps per meeting plan. “We’ve got Read more…
Cryptocurrencies
Fed Bostic: We are going to get our policy rate certainly to a neutral space
Atlanta Fed President Raphael Bostic said yesterday, “we are going to get our policy rate certainly to a neutral space where we are no longer providing accommodation. If inflation stays at high levels or levels Read more…
Cryptocurrencies
Bruised Pound Looks for Rebound ahead of Q1 GDP Data
A bleak economic forecast from the Bank of England exacerbated the sell-off in the bruised pound last week, making Thursday’s preliminary Q1 GDP growth figures important to watch at 07:00 GMT. Despite a quarterly slowdown, Read more…
Cryptocurrencies
Can Silver Hang On?
As the coronavirus hit China in February 2020, Silver (XAG/USD) sold off and reached a low of 11.64. However, by the week of August 3rd of that same year, as gold was making all-time highs, Read more…
Cryptocurrencies
Elliott Wave View: AUDJPY Rally Should Fail for More Downside
Short Term View in AUDJPY shows a bearish sequence from April 20, 2022 high favoring further downside. The decline from April 20 is unfolding as a zigzag Elliott Wave structure. Down from April 20, wave Read more…
Cryptocurrencies
China Shatters World Economy
A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis Read more…
Cryptocurrencies
DXY: US April CPI Keeps Inflation Fears Aalive
Those who awaited US April CPI data hoping for a summary execution of the inflation narrative walked away from Wednesday’s release disappointed. But the reality is that inflation, although falling, is not doing so quite Read more…
Cryptocurrencies
EURCAD Wave Analysis
EURCAD reversed from resistance area Likely to fall to support level 1.3600 EURCAD recently reversed down from the resistance area located between the key resistance level 1.3750 (which has been reversing the pair from March) Read more…