The US will reveal its Inflation Rate, while Apple will launch iPhone 13 today. How will the markets react? Let’s find out.
Crypto goes up
The bullish optimism in the crypto market continues. At the moment, Bitcoin is testing the resistance at $8,730. A successful break of this level will help bulls to test the next resistance at $9,075. However, according to oscillators, the bullish pressure is at risk. RSI has entered the overbought zone. At the same time, there is a bearish divergence with the Awesome oscillator and volumes. It may signal a possible reversal. The return of the bearish pressure will pull the digital asset back to the support at $8,246.
Latest news: US Dollar Index attempts to break the 200-period MA ahead of July’s US Nonfarm Payrolls report, which carries high expectations…
Risk aversion dominates in the financial markets as the resurgent of coronavirus cases may slow global growth. Thus, safe-haven currencies are rising such as the CHF, the JPY, the USD, and riskier assets and commodity-linked currencies (the CAD and the AUD) are weakening.
Commodities (iron ore, oil) and commodity-linked currencies (AUD, CAD) surged. West Texas Intermediate has reached $75 a barrel, while Brent rose to the highest mark since October 2018.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.