This BITCOIN rally is NOT under pressure , Here is why
All the Cheap, Blast Headline, Click bait posters will have you belive BITCOIN maybe in trouble.
But the FACT is, as of now, that is NOT the case.
PA is simply coming back down to test an old line of Support AS SUPPORT AGAIN.
This is Very Normal action after a push higher, as any skilled chartist will let you know.
So, those Trendine PA blasted through, that are about to be tested as support are actually very old. AND STRONG
The chart above is a 4 hour chart to show details
More info if we
Fedreserve
The Fed Funds Rate and Inflation: Understanding the Fed's StanceThe Fed Funds Rate and Inflation: Understanding the Fed's Stance and Investment Implications
The Federal Reserve's key interest rate and the official inflation rate are two critical benchmarks for financial markets. Their interplay determines whether monetary policy is accommodative or restrictive and provides clues about its future direction.
To assess true financial conditions, analysts focus not on nominal figures but on the difference between them: the real interest rate.
Current Key Figu
Is it the bottom?The graph shows the fall in wage income relative to the rise in prices. We see a rapid decline in the income of citizens. Perhaps this is the effect of the January holidays, because. salaries haven’t yet arrived at the bank and therefore the 3rd week of January is the most depressing. This trend was observed in the period 1979-1981, and it was the bottom of social sentiment. There is one difference - in the past it coincided with the bottom in the stock markets, now, in our opinion, we haven’
NZ dollar steady after solid jobs reportThe New Zealand dollar is in positive territory on Wednesday, as the currency looks for its first winning session since April 20th.
The New Zealand labour market remains robust, as confirmed by the Q1 employment report. The unemployment rate remained at a record low of 3.2%, matching expectations. Employment growth fell to 2.9%, (3.1% exp.), which was down from the 3.5% gain in Q1.
What was perhaps more significant was wage growth, which climbed to 3.1% YoY, its highest level since 2008. The R
Aussie stable ahead of RBA decisionIt was another tough week for the Australian dollar, as AUD/USD fell 2.53%. In the European session, AUD/USD is trading quietly at 0.7046.
The RBA will be in the spotlight, as it holds its policy meeting on Tuesday. This meeting is live, as it's unclear what policy makers have planned. There's little doubt that the RBA is poised to embark on a rate-hike cycle, keeping in sync with the Federal Reserve and other major central banks.
The uncertainty lies in whether the Bank will raise now, and if
Inflation Will Recede If Oil Price Drops Chart to illustrate the oil prices as a leading indicator of month over month inflation rates.
Inflation statistics mirror oil price action with a lag of about 1-2 months.
"Federal Reserve Chair Jerome Powell said in his semiannual testimony before the U.S. Senate Banking Committee in March 2022 that, as a rule of thumb, every $10 per barrel increase in the price of crude oil raises inflation by 0.2% and sets back economic growth 0.1%."
If he's right, which he appears to be, we should see inf
CDN slips on Fed, Canadian Retail Sales data aheadThe Canadian dollar is considerably lower in the Thursday session. Currently, USD/CAD is trading at 1.2474, up 0.56% on the day.
Canada releases Retail Sales for January on Friday (12:30 GMT), with the street consensus pointing to declines. Headline retail sales is expected at -3.0%, while Core Retail Sales is projected at -2.8%. Both indicators registered declines in December, so a repeat would indicate a slump in consumer spending. That could sour investors on the Canadian dollar, which has s
No matter how tempting it is to Long EU....but there isn't strong enough rationale for my liking, to start shifting my entire bias even to a cautious bullish (meaning taking Long signals but with an extremely small position). The federal reserve did cut their interest rates but I still believe there is still a divergent monetary policy between ECB and Federal Reserve. ECB is in QE, Fed Reserve is not. ECB interest rate is lower than the Fed Reserve.
Technically, though there is indeed a sign that price probably could start going up,
Key things to know before NFP releaseThere is an increase in low-paid jobs and a demand for low-skilled workers, hence their replacement is high, which is a deterrent to wage growth, and hence inflationary pressure. Employment growth in the sectors where higher qualification is required will be the first shift from the dead-end, where it can be said that employment will give impetus to the growth of salaries. So far, the sphere of health care and professional services is providing hope.
Unemployment is a lagging indicator, therefo
Opportunity for SHORT Trades within this Lower High!!Recently we have seen FX:USDJPY reverse from the Major Resistance Level @ 114.000 with Sellers taking back over bringing price straight back down from the Bullish run we had experienced.
This pair has been creating some really nice structure in this current Downtrend with a series of Lower Low & Lower Highs. I believe there is now opportunity to start selling this pair to see if we can encounter some new lows.
I do believe if we carry on creating structure with sellers remaining dominant we















