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.
USD/CAD: bullish above 1.24
2019-11-11 • Updated
USD/CAD is finding dynamic resistance in the 200 SMA at H1 chart and it’s currently trading inside a decisive stage. According to the H1 chart, the pair has found resistance in the 1.2589 level and it’s on the way to remain supported by the 78.6% Fibonacci level at 1.2404. Loonie should break that zone in order to plummet towards the 1.2354 level. To the upside, if it manages to rebound at the current territory, the pair could scope the 1.2530 handle.
RSI indicator stays in the negative territory.
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.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.