Fed Chair Jerome Powell further agitated the markets by advocating for faster tapering at a time when the world is anxious and perplexed over the recently discovered Omicron. On substantial safe-haven flows, the strongest effects were seen in US government yields. Major stock indices have also fallen sharply, confirming the likelihood of a medium-term correction. […]
Silver (XAGUSD) Price Analysis – December 5 Silver (XAGUSD) remains under pressure, having pared a corrective drop from a multiday low on Friday. After the drop to $22.03 lows, the white metal might reinforce the recent bounce towards the $23.00 level. As risk flows dominate the financial markets, the white metal continues to attract buyers. […]
Monero (XMR) Price Analysis: December 05 In case the bears increase their momentum, the support level of $189 may be penetrated downside, which may decrease the price to low of $161 and $136. When there is a breakup at $216 resistance level, Monero price will increase towards $244and $2811 levels. Resistance Levels: $216, $244, $281 […]
HighlightsEthereum crashes to $3,436 lowEther recovers from the downtrend Ethereum ETH) Current StatisticsThe current price: $4,107.13Market Capitalization: $489,248,274,498Trading Volume: $27,950,967,739Major supply zones: $4,000, $4,500, $5,000Major demand zones: $3,500, $3,000, $2,500 Ethereum (ETH) Price Analysis December 5, 2021 Ethereum’s (ETH) price broke below the moving averages and dropped sharply to the low of $3,436. The bulls […]
Vice-Chairman of Berkshire Hathaway Charlie Munger recently made some remarks on the ban of cryptocurrency in China, noting that the Asian nation “did the right thing.” Munger—often called Warren Buffett’s right-hand man—aired his opinions about cryptocurrency at the Sohn Hearts and Minds, Australia’s premier investor event last Friday. The veteran investor previously called Bitcoin “rat […]
Following a marketwide crash in the crypto industry yesterday, Bitcoin (BTC) suffered a 21% plunge to the $42,000 low on most exchanges. Yesterday’s slump is arguably one of the worst in recent history for the market, with BTC shedding over $11,500 alone. However, Huobi traders suffered a worse crash as the crypto asset recorded a […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL has been in a downward move. WTI ‘s downtrend has reached bearish exhaustion. The market has declined to the previous low of $62.46 as bulls bought the dips. On August 20, USOIL fell to the same price level as the index […]
The US dollar reasserted itself as omicron jitters eased, gaining moderately against major currencies and remaining firm in the emerging market arena. The dollar index rose 0.10 percent to 96.12, after pushing higher to 96.17. The unemployment rate fell sharply by -0.4% to 4.2%, better than expected at 4.5%. The labor force participation rate rose […]
EURJPY Price Analysis – December 3 For the time being, the EURJPY further decrease is still a possibility below the mid-127.00 level. “When the requirements of the forward guidance are satisfied, we will not hesitate to act,” ECB President Christine Lagarde said earlier on Friday. The EUR/JPY is about to end the week with a […]
