After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
Cryptoreport for December 20
It seems like cryptomarket started to recover. The oldest cryptocurrency bounced from the $3,222 level on December 15 and continued to move up during the first days of the week. On Wednesday, Bitcoin has managed to rise above the $3,900 level. Some of the analysts suggest unrealistic forecasts for the last weeks of the year. For example, Bitcoin’s co-founder at Satoshi School see cryptocurrency to reach $20,000 by the end of the year, while Tom Lee from Fundstrat expects it to stay somewhere between $13800 and $14800. Do you believe it will happen? For now, if bulls continue to push the price of digital asset further, they will manage to break the resistance at $3,750. The next resistance is placed at $4,337. In case of bearish pressure, Bitcoin will fall towards the support at $3,222.
The release of the US CPI on Wednesday will determine whether US500 continues its advance or reverses down. Tensions between the US and China boosted the demand for gold, but will it persist?
Gold still has space to fall, and the euro is trying to price the ECB rate hike. Inflation readings, Elon Musk problems, earning reports, and the overall market outlook for forex await you in this video.
Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.