Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold was in a brief uptrend as the market rallied to a high of level $1.797.72. The pair was repelled in the $1,800 resistance zone. Presently, the market is fluctuating below the recent high. On April 8 uptrend; the retraced […]
Read moreThe dollar sell-off resumed after the FOMC risk was eliminated. The Fed has just reaffirmed its position that it is far from considering getting out of stimulus. Although the yen is still weaker over the week due to a strong rebound in the yields. Not far from the euro, the dollar is in third place […]
Read moreThe United States government, along with some private sector players, are calling for a more detailed Bitcoin (BTC) regulation to help prevent the use of cryptocurrency as ransomware payments. According to an inside source to Reuters, a panel of experts comprising of the FBI, the US Secret Service, and some tech and security companies, are […]
Read moreSome weeks ago, Binance released its commission-free tradable stock tokens to help link the cryptocurrency industry and Wall Street. However, a top German financial regulator, BaFin, has warned that Binance could face heavy fines and scrutiny for offering security tokens without publishing the investor prospectus. Upon launch, the behemoth exchange announced that it would allow […]
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It is time for investors to take the prospect of higher inflation seriously and with that in mind we select US drug company Vertex Pharmaceuticals (VRTX) as one of our stock picks this week. Inflation is something investors haven’t had to worry about for a while and might be forgiven for thinking the current chatter […]
Read moreAUDUSD Price Analysis – April 29 The AUDUSD pair fell from one-month highs of 0.7817 to register a low at 0.7773 at the time of writing and was last seen floating near the lower end of its daily trading range during the European session. The recent rebound in US bond yields can be counted as […]
Read moreKey Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: RangingDOGE price has managed to reach the high of $0.34 but it is fluctuating below the $0.35 high. The crypto has the prospect of rising on the upside as it is above the moving averages. In the previous price action, the altcoin […]
Read moreUniswap Price Analysis – April 29 In case the resistance level of $44 holds, the price will retest the support level at $37 which may extend to $30 and $26 support level. When the bulls increase pressure to break up the resistance level of $44, Uniswap price may increase to $50 and $63 price level. […]
Read moreResistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX is in an uptrend as bulls battles the resistance at level 7000. In the first uptrend, the bulls were repelled at level 7050 as the index plunged to level 6857.10. Buyers have resumed the second upward move. Meanwhile, on April […]
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