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BTC/USD four-hour candle price chart featuring "bear flag" setup. Source: TradingView Meanwhile, on the daily chart, BTC has been breaking down from its rising wedge pattern since Aug. 19. The bearish reversal setup's profit target comes to be near $17,600, as illustrated in the c...
Sterling has exhibited extreme volatility, threatening todrop to parity with the USD. Years of unprecedented economic turmoil have crippled the Pound. Meanwhile, rising inflation and political chaos has hampered the recovery of the UK economy in the wake of the Pandemic. UK government greenlit Phas...
The chart below, meanwhile, is a close-up of the recent corrective action in gold. The violation of the rising trend line in USD is concerning, but gold did not violate the rising trend line in most other currencies. Arguably, the recent spike in the silver/gold ratio in October was a...
DOGE/USD daily chart. Source: Cointelegraph/TradingView Last month, a bullish cross formed on Nov. 18 when the 100-day simple moving average (SMA) crossed above the 200-day SMA and saw the DOGE price make a decisive move toward multi-year highs at $0.48. This bullish signal is still ...
USD As a Reserve Currency Effectively, China is buying the present-day reserve currency. Until the 19th century, gold was the global standard for reserves. It was replaced by the British pound sterling. Today, U.S. Treasuries are considered virtually the safest.10 ...
In summary, the cryptocurrency market’s current state reflects a mix of rising geopolitical tensions and the usual August slump. While this may worry investors in the short term, it is essential to remember that fluctuations are not new to the crypto world. Investors should stay adaptable and ...
By leveraging licensing deals, life sciences firms can build their product pipeline of the future and expand their market presence, while keeping risks at a moderate level. A clear strategy and an efficient transaction execution are fundamental to find the right deals, partnerships and ...
Christopher Watling, the chief market strategist at Longview Economics, says rising U.S. bond yieldsBX:TMUBMUSD10Yand a suddenly buoyant U.S. dollarDXYhave put a brake on gold’s rally. Better-than-expected U.S. economics data has led markets to dial back ex...
‘s economic re-opening and policy support. To us, the recent USD strength is more of a multi-week phenomenon than a sustained uptrend. With the Fed expected to keep rates higher for longer, this will likely re-ignite fear about a recession sooner or later. As US interest rates start ...