ONLINE FOREX BROKER
2019-11-11 • Updated
Bitcoin continues to move in a bearish bias around the 10,000 mark in the short term. It is worth mentioning that the support of 9.259 continues to be a key support for the BTC/USD pair to keep the gains above the aforementioned level. It must also be borne in mind that the 200-hour moving average is slowing the advance.
There were no significant catalysts behind the declines recorded during the session on Monday and Tuesday, but the uncertainty remains about the establishment of regulatory frameworks in cryptocurrency in various parts of the world. During Tuesday, the South Korean government announced that it will write down the anonymous trading accounts that operate with cryptocurrency.
What do we expect?
According to our forecasts in the H1 chart, the Parabolic SAR shows us that the bearish price action is still dominant in the BTC movements and it is possible that in the next few hours it will test the support of 9.259. If it manages to fracture this zone, the doors would open to visit the Fibonacci level of -23.6% in 8,507. The RSI indicator remains in negative territory.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
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