USDCAD runs higher after break of 200 hour MA/38.2% The USDCAD is making a break above the 200 hour MA and 38.2% of the move down from the high from last week (start of the last trend leg down that bottomed near the 100 day MA this week). The break has been met with more
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This will be a continuation of the post I made last week here, highlighting the similar situation currently. As things stand, the dollar is continuing to show some fight as the selling momentum stalls. As mentioned then, this is where buyers and sellers will have to do battle in determining whether the next leg for
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along with 130 affiliates filed for Chapter 11 bankruptcy protection in the United States on Nov. 11. Insolvency lawyer Stephen Earel, partner at
Maize prices have started rebounding in the past few days. Prices in Chhindwara rose about 5% since November 1 to date, trading at Rs 2,200 per quintal (ex-warehouse). In the ongoing season, maize prices bottomed out at Rs 2,100 levels, touched on October 27, 2022. Thereafter, prices have traded in a narrow range of Rs
NZDUSD is hovering around 0.6160 as investors await the People’s Bank of China’s monetary policy. Federal Reserve policymaker Bostic doesn’t see a continuation of the 75 bps rate hike regime in the December meeting. The Reserve Bank of New Zealand may shift to a 75 bps rate hike to curtail the historic surge in inflationary
USDCHF bounces this week in swing area and just above 100WMA The USDCHF lost value over the last 4 weeks and that momentum continued in the early part of the week. The price moved below the August low at 0.9370, completing an up and down lap that saw the price move up to an October
The Baker Hughes rig count for the current week shows: Oil rigs rose 1 to 623. Gas rigs +2 to 157 Total rigs +3 to 792 The price of crude oil tumbled to a low of $77.24 but is trading at $78.82 currently The high reached $82.62 today. The price is below the 100 week
Although prices cooled down from their 14-year high hit in March, crude oil prices remain extremely volatile on uncertain macroeconomic conditions. A cut in global oil demand forecast by agencies like Energy Information Administration (EIA) and OPEC, easing tensions between Russia and Ukraine, concerns over China’s demand, and a G7-proposed price cap on Russian oil
Federal Reserve officials’ hawkish commentary bolstered the US Dollar, except against the New Zealand Dollar. US Existing Home Sales tanked, flashing an upcoming recession in the United States. Reserve Bank of New Zealand’s upcoming monetary policy meeting would determine NZDUSD direction The New Zealand Dollar (NZD) regained composure and finished the week up by 0.50%
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S&P index held the 100 day MA and 50% midpoint this week The S&P index is trading nearer the low for the day and currently near unchanged on the day. The high for the day took the index up 33.34 points. The low took the index down -10.57 points. The current price is at 3945.85
The US indices are closing higher on the day. The Dow was near unchanged for the week. The S&P and Nasdaq fell. The near closing levels are showing: Dow rose 200.07 points or +0.60% at 33745.90 S&P rose 18.94 points or 0.48% at 3965.43 Nasdaq rose 1.11 points or 0.01% at 11146.07 Russell 2000 rose
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SBF received $1B in personal loans from Alameda: FTX bankruptcy
London copper prices were on course for a drop this week, amid concerns over the outlook for global demand and as hawkish remarks from US Federal Reserve officials sent the dollar higher. The dollar was set for a weekly gain, after comments from Fed officials dashed investors’ hopes for less aggressive monetary policy and weighed
GBPUSD Weekly Forecast: Pound Sterling set to reclaim 200-DMA in the Thanksgiving week GBPUSD buyers remained unstoppable for the second straight week, despite a lack of bullish impetus from the highly-anticipated United Kingdom Autumn Budget. The Pound Sterling also stood resilient to the recent rebound in the US Dollar, as attention now turns toward the
EURUSD stays below 100 hour MA in the US session The EURUSD fell to a new low for the day taking out the early NY session low at 1.03255.The low just reached 1.03229. The US session high extended back toward the 100 hour MA. There were a couple of briefs look above the MA level