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Bitcoin's rally runs out of steam?
Price flirting under 50K, time to decide!After touching 50K and then falling under that, Bitcoin flirting around 48,000 in the past two days. If we drew the Fibonacci from its April high to July low, 61.8% of its resistance sits at 51,000, where Bitc...
EURUSD Outlook, USD weakness, or Stronger Euro?
EURUSD increasing for the 3rd day in a rowAs market risk decreasing, USD also losing its safe-haven demand position. So pairing started its recovery from 9 months low that seen on Friday at 1.1662 since the beginning of this week. When we look at the...
Oil up 8.2%, what next?
A disappointing week and an amazing rebound! Last week oil market was surprisingly down as virus fears took all over the market. On the other hand, weaker than expected economic data had some signs of slowing the recovery pace. At the beginning of...
Another record high in Wall Street. SP500 at an all-time high
Weakness in Economy, Pandemic fears decreaseAhead of Jackson Hole Symposium and after a descending week, today at the beginning of the week, and with surprisingly weak economic data, we saw new records in the markets. Today we had Manufacturing and...
Weekly Outlook, 23 - 27 August
Jackson Hole and Inflation numbers! The week ahead will be an excellent and busy week with Jackson Hole Symposium on the last days of the week and US PCE data, while we should not forget about European economic data. On the other hand, Chinese r...
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