The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
GBP/USD approaches a strong demand zone
2019-11-11 • Updated
GBP/USD is looking for a very interesting Fibonacci area where buyers could appear. The 200 SMA is also giving strength to this outlook and that’s why the Cable could plummet to test the zone between 1.2967 and 1.2920, which corresponds to the Fibonacci retracement levels of 50% and 65% respectively. If a rebound happens over there, the pair might be targeting for the 1.3198 level (-23.6%).
RSI indicator remains in the negative territory, calling for another leg lower in the Cable.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.