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Has the bitcoin downtrend faded?
Analysis

Has the bitcoin downtrend faded?

Still waiting to see the solid daily close under 29,000In the previous Bitcoin analysis, we talked about the reasons for the BTC price down to 14,000 USD. As I mentioned in that article, technically, we need to see a robust daily close under 29,000 U...

Author:
Ahura Chalki
Published on: 03.06.2022 00:28 (UTC)
142
US Beige Book and fears of Stagflation
Analysis

US Beige Book and fears of Stagflation

Review of US data ahead of tomorrow's NFPWhile we are waiting to see the Friday' May employment reports, today's Initial Jobless claims, and ADP, after yesterday's JOLTs, turning on the alarms to be more cautious about Non-farm Payroll numbers. ...

Author:
Ahura Chalki
Published on: 02.06.2022 17:42 (UTC)
111
USDCAD after BoC meeting
Analysis

USDCAD after BoC meeting

Bank of Canada hikes the rates!As widely expected, the Bank of Canada (BoC) lifted interest rates by 50 bps from 1.0% to 1.50% on Wednesday. However, we had many other analysts looking after a 75 bps rate hike.Canadian central bank increased the rate...

Author:
Ahura Chalki
Published on: 01.06.2022 20:35 (UTC)
166
The energy sector is the market savior, SP holding above 4,000
Analysis

The energy sector is the market savior, SP holding above 4,000

FED uncertainty, CPI, and Energy sector behavior! On Tuesday, after Monday's recovery, leading US indices closed lower. However, SP500 still moves above the 4,000 critical level as energy stock. Before going to check more economic data and more,...

Author:
Ahura Chalki
Published on: 01.06.2022 18:24 (UTC)
152
USD and Yields are growing Gold falling
Analysis

USD and Yields are growing Gold falling

Stock markets grow on China news and ahead of central banks' speakers. So far, we have had some positive news in the market to start the last month of the third quarter with green numbers. China almost abolished the Corona restrictions, Australi...

Author:
Ahura Chalki
Published on: 01.06.2022 12:48 (UTC)
152