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US shares rise, Asians were mixed
The week began with negative sentiment after Chinese data!While PBoC unexpectedly cut the rates to support the economy, Asian shares started with a mixed and negative sentiment on the first day of the week. According to the data published on Mon...
Bitcoin failed to breach Fibonacci resistance
Bitcoin advanced five out of seven sessions last week. Bitcoin price is still close to $24,000. A glance at the daily chart reveals the price is retracing down to the mid-channel after multiple test of the Fibonacci 23.6 resistance level! Fibona...
BTC: Gaining 40%. but lower than two-month highs
Time for the big the short, or bulls there to gain more?Bitcoin created a very important level around 24,000 USD, while at the current price of 24,550 gaining more than 40% from 17,592 that has seen just two months earlier in June. On the upward move...
Taiwan Tensions Will Speed Up US-China Decoupling
Tension in the East and preparations in the West for secessionWhile China-Taiwan tensions increase the alarms for another war, the US already started preparing for separation. On Tuesday this week, President Biden signed the CHIPS act to become law a...
Loonie Strengthening with Oil and a weaker US dollar
EIA hikes 2022 demand expectationsUSDCAD has been falling since July 14 with a weakening US dollar and it continued with more pace in recent days as Oil started to increase and the USD got weaker with US inflation slowing.Easing inflation will reduce...
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