Hello everyone, as we all know the market action discounts everything :)
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The dollar rose in Asia on Thursday morning, but it remained near the low end of its previous range, as did the Japanese yen. However, movements remained minor due to holiday-thinned trading and as concerns about the omicron COVID-19 version dissipated.
The US Dollar Index, which measures the greenback against a basket of other currencies, had risen 0.01 percent to 95.935. The US dollar was bolstered by rising US Treasury yields, with benchmark 10-year yields reaching 1.56 percent on Wednesday, the highest since Nov. 20, 2021.
After plunging to a one-month low of 115.03 on Wednesday, the USD/JPY pair gained 0.08 percent to 115.03.
The AUD/USD pair increased 0.19 percent to 0.7261, while the NZD/USD pair increased 0.22 percent to 0.6845.
The USD/CNY pair rose 0.02 percent to 6.3692, while the GBP/USD pair rose 0.04 percent to 1.3491.
The Turkish lira was trading at 12.6 per dollar in emerging markets after falling 6.9 percent on Wednesday. The lira has lost 40% of its value in 2021 thus far, but it gained more than 50% last week as a result of state-backed market interventions. Turkish Finance Minister Nureddin Nebati said on Wednesday that the lira's present volatility was not cause for concern and that it would return to normal levels.
Despite a surge in COVID-19 cases worldwide as omicron spreads, investors' risk appetite increased as many governments refrained from lockdowns.
According to figures from Johns Hopkins University, the global case count surpassed 284 million as of December 30. Other investors, however, cautioned against reading too much into the changes, since trades remained light as the year came to a close.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
@vriviera, The dollar needs to drop a bit soon, but printing is taking a huge effect on the market. 40% of all US notes were printed this year just to support the dollar, so i do see the dollar dropping in 2022, probably after the Fed announce the interest rate
moneyasanexit
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@GabiDahdouh, yup, watch the rise now ;) i told you we bounce from an important level and SFP yesterday, they were all shorting, I looked at the spot orders from exchanges it was risong, i saw the bad traders getting reckt as always shorting support, and here we are now rising
moneyasanexit
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@GabiDahdouh, when i said watch the rise of course it's BTC!
moneyasanexit
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lol, dump it! btc rise !
GabiDahduh
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@vriviera, BTC is at risk still right now, we need to wait and see what kind of regulations will be used on Crypto to have a better understanding where the market is going.
moneyasanexit
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@GabiDahdouh, lol guys you all make me laugh, stop beeing emotional dude, the TA is telling it, trade the chart bro, i know my levels I trade them if it dumps i make money too, but on the HTF the main direction is still to the upside tho nah?lol, but hey just for a tip lol if we loose 40k look for 34k area there is a nice weekly level and npoc there ;-) to enter a long, who knows might be the reversal with target 200k just sayin
moneyasanexit
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@GabiDahdouh, also you all expect a dump, usually when I see spot buy rising like last night and btc hitting supoort i open a long I tp1 then i leave the rest running scalps can become swing ;), guys last night everything hit support, don't you long support and short resistance nah? ;-) in btw i am a woman :-)
moneyasanexit
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@GabiDahdouh, last thing: I love something at risk which I bought at 60 dollars and which is worth now 50k. HTF it's going up forever purely technically speaking, and fundamentally even stronger.
GabiDahduh
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@vriviera, you are missing my point tho, i didnt say anything bad or that a dumb is happening, try to read what i said ^^ "i said BTC is still at risk" from a Technical point of view that is, i am all for BTC trust me, and ive been doing this for more then 8 years. with 0 emotion involved, from the Chart data and support and resistance level, BTC is still at risk. it doesnt mean it will happen or not, but for now its just moving sideways until we have a better understanding over the Evergrande problems in china.