The reading, preliminary, of CPI inflation for July did not bring much surprise. The dynamics amounted to 15.5% y/y equaling the June reading. A large part of the market assumed that a month ago we observed a peak in dynamics, meanwhile we received a flattening. From the MPC's perspective, this doesn't change much (sub-1x25b expected). Interestingly, we received a...
HNT and many other altcoins await bitcoin's move Formations are double-edged rallies so we can't anticipate the trend. We should wait for a clear signal determining the direction.
Demand and supply zones from 30.07 to 02.08 for bitcoin. With a mix of elliot waves, we see that the upward movement may not be over yet. We need to see some correction of the current zone, catch the supply gap and bring back higher volume to push the final phase of the bullish breakout.
Bitcoin Trades Cautiously Even as Real Yield, Dollar Support Bullish Stance The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin.
The tale of the cinderella who lost her shoe bought with bitcoins
Such behavior has historically proven that when dominance increases then the market enters a final shakeout.... It should now be closely watched what bitcoin's dominance will do
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market at 12:45 GMT, down by 0.4% in the day's trading. Fears that Russia may restrict Europe's supplies of energy have increased the chances of recession in the euro area. The...
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market at 12:45 GMT, down by 0.4% in the day's trading. Fears that Russia may restrict Europe's supplies of energy have increased the chances of recession in the euro area. The...
Crude opened higher in Asia today on the back of lower inventory levels and a weakening US Dollar in the aftermath of the Fed’s 75- basis point (bp) rate hike. On Tuesday, the American Petroleum Institute (API) reported that crude stockpiles fell by 4 million barrels last week. The drop in stockpiles was then confirmed on Wednesday when the Energy Information...
The reading, preliminary, of CPI inflation for July did not bring much surprise. The dynamics amounted to 15.5% y/y equaling the June reading. A large part of the market assumed that a month ago we observed a peak in dynamics, meanwhile we received a flattening. From the MPC's perspective, this doesn't change much (sub-1x25b expected). Interestingly, we received a...
The return to bullishness is causing many changes in the mood of investors and traders.... liquidity takes benefit of these situations
The return to bullishness is causing many changes in the mood of investors and traders.... liquidity takes benefit of these situations
Wed 7/27 1:00 p.m. CP - Commercial Paper 2:00 p.m. FOMC Meeting Two-day meeting, July 26-27 Press Conference 4:15 p.m. H.15 - Selected Interest Rates
The shallowness in the market corresponds to the movements of the dollar, which keeps valuations from mainly consolidating templates. Due to the current situations in European countries and the increasing turmoil in the US. It may introduce a slight mix in the currency, crypto and commodity markets. In the event that the US maintains its position and the rest...
The situation may take a strange turn, we need to follow the news.... The first inflammatory news is behind us, which caused this decline. The next one may just be a chain reaction.... The defense of this triangle formation may also cause a spring-test and a slow upward move in 2023-2024
Bitcoin gave us a nice thaw, time to get back to business FOMC Member Bullard Speaks IMG USD 15 Jul 2022 15:00 1:03:35 No forecast No previous value
Today's market movement was played out in a dynamic range, and required a lot of agility. You can see from the chart that we are at a significant point. It will allow us to make a corrective wave with a steady downward movement or lead the consolidation with an upward trend when constructing a formation
Watch the inflation rates data soon ! Yesterday call was perfect, we continue to develope new price zones