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Bitcoin broke below trendline!
Bitcoin retreated five out of seven sessions last week. Bitcoin price is below $21,400 currently. A glance at the daily chart reveals the price is retracing down to the low it hit last Saturday after breaking below the mid-level and lower bound...
USD again back above 108 Mark!
Hawkish FED and increasing TensionsAfter last week's published data from the US, most FED speakers supported the tightening policies by mentioning the 50 bps and 75 bps as the possible options as inflation is still so high. As the likelihood of highe...
Crypto market in Sell-off mood, reasons, and outlook
Difficulties that the market must endure before growthBitcoin most days of August was trading stable between 22,000 and 24,000 USD. On Friday suddenly fell towards 22,700 and then continued to lose more to 21,404 US dollars, to a three-week low with...
Australian jobless rate at 48-year low failed to support the Aussie!
Mixed employment data and RBA insist on strict policies.On Thursday, August 18, both US and Australia released the employment numbers. In the US, we could see some hopes that made FED Daly emphasize FED aggressive policies, but Australian data were m...
CBRT shocked the markets, and the Turkish Lira lost ground!
USDTRY has no sign of cooling down! The Central Bank of the Republic of Turkey (CBRT) lowered the interest rates by another 100 bps to 13% on Thursday, while investors and market participants were waiting for interest rates to remain constant at...
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