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Bitcoin reverses the uptrend
Bitcoin price is below $20,000 currently after the top cryptocurrency by market cap fell 7.3% over last week. A glance at the daily chart reveals the price is retreating after a bounce last week following a breakout from a downward channel that rever...
USD and New 20-year Record
Powell's comments led the market's emotion.While Friday's inflation numbers could cool the inflation fears a bit, Powell's emphasis on the central bank's policies, investors somehow ignored the data to give more credit to the FED chair's comments.&nb...
Pain can continue for a sustained period
Powell shooked the markets!Finally, we had Fed Chair Powell's speech at the Jackson Hole symposium, which we were waiting for that whole week. So far, what has attracted the attention of market participants more than anything else, was Powell's empha...
Pressure in the global financial markets and emotional Trading!
More BTC wallets are getting red! While ahead of Powell's speech in Jackson, whole financial markets around the globe were getting more cautious, Glassnode's On-Chain data show that more wallet's turning red as of Aug. 23 than at any time in the...
The Good news is Bad news! Stocks down on upbeat US data
GDP was not that worse; initial jobless claims fell againWhile investors are mostly waiting for any news and comments from Jackson Hole Symposium, today's US data was published much better than expected. The latest GDP update by the US Bureau of...
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