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Bitcoin reversed the downtrend – set to rise!
Bitcoin reversed the downtrend last week! Bitcoin price is about to move above $31,400 – continuing on a new bullish leg that will take it back into the uptrend channel that it broke out to the downside four weeks ago! Against the backdrop of global...
Weekly Outlook, 6-10 June
Eyes on ECB It will be a busy week with central banks' monetary policy meetings in Australia and Europe, inflation and trade balance of China and the US, and Japanese and European GDP. The importance of this week and banks' decisions are that fi...
Has the bitcoin downtrend faded?
Still waiting to see the solid daily close under 29,000In the previous Bitcoin analysis, we talked about the reasons for the BTC price down to 14,000 USD. As I mentioned in that article, technically, we need to see a robust daily close under 29,000 U...
US Beige Book and fears of Stagflation
Review of US data ahead of tomorrow's NFPWhile we are waiting to see the Friday' May employment reports, today's Initial Jobless claims, and ADP, after yesterday's JOLTs, turning on the alarms to be more cautious about Non-farm Payroll numbers. ...
USDCAD after BoC meeting
Bank of Canada hikes the rates!As widely expected, the Bank of Canada (BoC) lifted interest rates by 50 bps from 1.0% to 1.50% on Wednesday. However, we had many other analysts looking after a 75 bps rate hike.Canadian central bank increased the rate...
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