Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and are needed for the market to find a new floor. In bull markets, bullish continuation is likely
Month: March 2021
NYSE:PLTR gained 1.42% to close the trading week on a positive note. Palantir CEO Alex Karp stirs up Wall Street with some controversial takes. Palantir continues to trade under the guise of a meme stock, but it may be a sleeping giant. Update March 23: Palantir Technologies (NYSE: PLTR) have closed Monday’s session with a
NZD/USD falls by 100 pips on the day to 0.7060 Invest in yourself. See our forex education hub. As much as the NZ government announcing curbs to ease housing prices may what kicked things off, it isn’t quite nearly a major risk trigger for the kiwi in my view. However, the chart is more telling
Japan announces no change after the February downgrade The government maintained that overall conditions are improving from a severely low base but there are areas in which the economy is still showing relative weakness – consumer spending – weak after the state of emergency. There was a downgrade to the view on exports but upgrades
NEW DELHI: Gold and silver futures fell on Tuesday, dragged down by gains in equity markets and the dollar, although concerns around fresh coronavirus cases across Europe limited the losses. The dollar gained slightly, after it stumbled from four-month highs against a basket of currencies in the preceding session, in line with a dip in
Commodity currencies are generally weak in Asian session, together with Sterling. Stocks in Hong Kong and China are reacting negatively to joint sanctions by EU, UK, Canada and US over China’s genocidal treatments of Uyghurs in the Xinjiang region. EU’s action is seen as significant turning point in the relations with China, as it’s the
Pedestrians walk outside the New York Stock Exchange in the U.S. Daniel Acker | Bloomberg | Getty Images The U.S. economy is recovering from the Covid-19 recession, but some economic “scarring” may take a long time to heal, said Richmond Federal Reserve Bank President Thomas Barkin. Economic scarring refers to damage left behind by crises
AUD/USD fades recent modest gains amid a lack of strong catalyst to the north. Easing of US Treasury yields favored equities amid Fed policymakers’ attempt to reject reflation fears. Virus, vaccine jitters continue ahead of the key Testimony from Fed Chair Powell and Treasury Secretary Yellen. AUD/USD struggles to extend the latest recovery moves around
Dow and S&P lag. Russell 2000 closes lower for the 2nd time in 3 days The NASDAQ close higher for the second consecutive day. It led the major indices higher with the S&P and Dow lagging well behind. The small-cap Russell 2000 index lags with a decline of -0.90%. The final numbers are showing: S&P index +27.48 points or 0.70% at
Forex news for North American trading on March 22, 2021. In other markets as NY session comes to a close: Spot gold is trading down $6.06 or -0.35% at $1739.11 Spot silver is trading down $0.48 or -1.85% at $25.75 WTI crude oil futures for May delivery are trading down $0.14 or -0.23% at $61.30 Bitcoin is
Gold slipped 1% on Monday, with a lull in the ‘s rally offering little respite as US equities gained and US Treasury yields remained near a one-year peak. Spot gold had fallen 0.4% to $1,737.16 per ounce by 10:49 A.M EDT (1449 GMT). US gold futures fell 0.4% to $1,735.10. “Gold should be higher yet
The financial markets are generally mixed with subdued trading today. Nikkei did had a bad day, but the selloff didn’t spread to other markets. European indices and US futures are mixed while Germany and US benchmark yields are mildly lower. As for currencies, Aussie and Sterling are currently the softer ones, followed by Dollar. Swiss
Single-family homes are seen in this aerial photograph taken over a Lennar Corp. development in San Diego, California. Bing Guan | Bloomberg | Getty Images Closed sales of existing homes in February dropped a larger-than-expected 6.6% compared with January, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate
A simple but powerful price driven forex trading strategy where I show the setup, entries, stops and profit targets, as well as how to handle situations which will inevitably arise in real trading. This is one strategy, and as such is not a complete trading system–I therefore always recommend that you read The Forex Trading
This video shows a simple and clean forex trading strategy using the 50 ema and 200 ema which you can use as a beginner or even as a knowledgeable trader. This strategy gives you a nice 1:2 risk reward and you can even aim for a 1:3 so if I was to risk $100 I
The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. This trend coincides with strengthening on-chain fundamentals, such as whale and address activity. Since the Bitcoin rally began to accelerate in November 2020, the seven-day average active address has increased in tandem. A pseudonymous
EUR/JPY holds a bearish “reversal day” and now also a near-term top and analysts at Credit Suisse look for further weakness to the medium-term uptrend at 128.37/30. Key quotes “With a bearish RSI momentum divergence, we look for this to open the door to a corrective phase lower. We see support at 128.78/74 initially, then
Trades around 200 hour MA again The USDCAD peaked at 1.25474 recently and backed off. That hi was just short of the 50% midpoint of the move down from the March high the March low at the 1.25503 level. Patient risk focused traders leaned against the level (risk could be defined and limited). The price has moved back down toward
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